Megatrends and Their Consequences for German Real Estate PDF Download

Author: Michail Farmakis
Publisher: GRIN Verlag
ISBN: 3640642082
Category :
Languages : en
Pages : 73

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Book Description
Bachelor Thesis from the year 2010 in the subject Business economics - Miscellaneous, grade: 1,3, European Business School - International University Schlo Reichartshausen Oestrich-Winkel (Real Estate Management Institute), language: English, abstract: At the beginning of 2009, the owner of the Empire State Building unveiled his plan to "go green". The world famous skyscraper was completed in 1931 in New York, USA. The Art Deco building is currently in the midst of a $500m renovation, where $100m of these funds are designated for the green initiative. The green renovations are expected to decrease energy expenditures by 38 percent or $4.4m annually (Jonas, 2009). The example of the Empire State Building is not unique, since increased environmental awareness has affected nearly every industry. Companies across all industries and nations have launched green initiatives in order to improve their environmental performance and in response to the expressed concerns regarding their immediate environment. Currently, corporations compete to adopt and implement sustainable policies. Particularly the role of the real estate industry in reducing the environmental burden is considered to be the most important, as this industry is one of the largest emitters of harmful chemical substances and a major user of natural resources (Nelson, 2007, p. i). However, it is not enough to consider only the ecological aspects of real estate. This is because real estate, as a commodity, has an enormous economical impact. Other dimensions including economic and social aspects must also be examined. The term sustainability unites the three relevant dimensions. Over the last 20 years, bringing environmental protection to the same level as economic development and social concerns, sustainability has become a worldwide guiding principle. Sustainable development takes the future of mankind into account (Grunwald & Kopfmüller, 2006, p. 7). In the context of global challenges, sustainability mean

Author: Michail Farmakis
Publisher: GRIN Verlag
ISBN: 3640641493
Category : Business & Economics
Languages : en
Pages : 70

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Book Description
Bachelor Thesis from the year 2010 in the subject Business economics - Miscellaneous, grade: 1,3, European Business School - International University Schloß Reichartshausen Oestrich-Winkel (Real Estate Management Institute), language: English, abstract: At the beginning of 2009, the owner of the Empire State Building unveiled his plan to “go green”. The world famous skyscraper was completed in 1931 in New York, USA. The Art Deco building is currently in the midst of a $500m renovation, where $100m of these funds are designated for the green initiative. The green renovations are expected to decrease energy expenditures by 38 percent or $4.4m annually (Jonas, 2009). The example of the Empire State Building is not unique, since increased environmental awareness has affected nearly every industry. Companies across all industries and nations have launched green initiatives in order to improve their environmental performance and in response to the expressed concerns regarding their immediate environment. Currently, corporations compete to adopt and implement sustainable policies. Particularly the role of the real estate industry in reducing the environmental burden is considered to be the most important, as this industry is one of the largest emitters of harmful chemical substances and a major user of natural resources (Nelson, 2007, p. i). However, it is not enough to consider only the ecological aspects of real estate. This is because real estate, as a commodity, has an enormous economical impact. Other dimensions including economic and social aspects must also be examined. The term sustainability unites the three relevant dimensions. Over the last 20 years, bringing environmental protection to the same level as economic development and social concerns, sustainability has become a worldwide guiding principle. Sustainable development takes the future of mankind into account (Grunwald & Kopfmüller, 2006, p. 7). In the context of global challenges, sustainability means ensuring the addressing of future generation’s needs. In contrast to other industries, the real estate industry has been slow to develop sustainable practices. However, today, the idea of sustainability greatly influences actions and motivations associated with the real estate industry. Efforts to create sustainability in real estate are reflected in the names of a large number of the development of building labels, including Green Buildings, Sustainable Buildings, or Zero Emission Buildings. In Addition, more and more developers, architects, engineers, property owners, and lenders consider sustainability issues when planning, constructing, renovating, or living on property.

Author: Tobias Just
Publisher: Springer
ISBN: 3319320319
Category : Business & Economics
Languages : en
Pages : 490

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Book Description
In this book, experts discuss how German real estate values have remained stable throughout the financial crisis, even though transaction volumes have been very volatile since 2005. Consequently, risk-averse national and international investors have started to invest in virtually all German real estate asset classes. This book tries to answer what has made the German real estate markets more resilient to shocks than many European real estate markets by analyzing the economic, regulatory and demographic environment. In 30 well-structured chapters, experts from both the academic and professional world analyze structural and current issues of German real estate markets. Readers will get a deep understanding of what makes the German real estate market special and where potential opportunities and threats in Europe’s largest real estate market exist.

Author:
Publisher: Real Estate Publishers BV
ISBN: 9077997466
Category :
Languages : en
Pages : 212

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Book Description

Author: Tobias Just
Publisher: Springer Science & Business Media
ISBN: 3642236111
Category : Business & Economics
Languages : en
Pages : 409

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Book Description
Real estate is the biggest real asset class in an economy, and Germany is the biggest economy in Europe. This implies opportunities as well as specific risks for investors and policy makers. As the German real estate markets have by and large been spared severe disruptions in the course of the economic crisis, many questions arise for investors and academics alike. What are the key institutional characteristics of the German real estate markets that make it different? What are the short and long-term drivers of demand and supply? Which regional and functional market segments are most likely to outperform in the next few years? What are the most important pitfalls for investors in Germany? This book gives answers to these and many more questions. The editors have invited a broad range of extensively knowledgeable practitioners and academics from across the relevant real estate spectrum, i.e. economic, legal, tax, planning and financing issues, to express their views. There is no better English publication that gives such a profound and simultaneously entertaining overview of Germany’s real estate markets.

Author: David A. Pieper
Publisher: Anchor Academic Publishing (aap_verlag)
ISBN: 3954895056
Category : Business & Economics
Languages : en
Pages : 88

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Book Description
Currently, the crisis situation is driving the real estate markets around the world. Mainly in focus are so called ,core’ real estate investments: the most stable, nicest looking, most rented out and most ideally located investments. With these investments, investors intend to eliminate almost all risks. But are they really able to do so? This book takes a closer look at the asset class and investment strategy ,core’ and tries to promote a clearer understanding of what ,core’ really is and what requirements this investment category has to fulfill. Furthermore, a new detention has been developed to narrow down a globally working detention throughout all asset types but mainly focusing on offices exemplified by the London and Frankfurt commercial real estate market. In further chapters, risks around the ,core’ strategy are analyzed, and the current and past crisis situation's connection with these investments is discussed. This work is intended to help all real estate professionals, such as investors, fund managers, financial experts and all professionals having to do with major ,core’ real estate investments around the world who would like to get a clearer and more precise comprehension of the matter.

Author: Jan de Graaff
Publisher: Springer Nature
ISBN: 3658316233
Category : Business & Economics
Languages : en
Pages : 156

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Book Description
Understanding the relationship between urban amenities and real estate prices is a key for the future of our cities. Location choices depend on a variety of urban amenities that eventually determine demand for a specific location. Identifying the impact of these urban amenities on the people’s preferences allows policy makers and developers to increase quality of life. Jan de Graaff therefore quantifies the impact of crime and migration on residential real estate prices and identifies the location choice preferences of Germans by applying innovative methodologies to unique German data sets.

Author: Christopher Yvo Oertel
Publisher: Springer
ISBN: 365811553X
Category : Business & Economics
Languages : en
Pages : 106

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Book Description
Christopher Oertel studies the impact of public policy measures on the German real estate market and confirms the assumptions, which imply that a city can influence its economic position in relation to nearby cities in the short run by making use of this tax instrument. His analyses begin with an examination of the German residential real estate market from a consumption good perspective. The findings indicate that the home-ownership allowance had a distorting effect by capitalizing into residential real estate prices, although at lower than expected rates. Then the author studies the German residential real estate market from an investment good perspective. Investigating an important amendment of the German tenancy legislation, there is a positive, yet insignificant relationship between the tenancy law reform act and the development of the cap rate. The analysis is completed by focussing on the German office market and investigating how its rental levels and gross purchase prices are affected by changes in the municipal trade tax multiplier.

Author: Bob Froehlich
Publisher: John Wiley & Sons
ISBN: 0470037709
Category : Business & Economics
Languages : en
Pages : 274

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Book Description
PRAISE FOR INVESTMENT MEGATRENDS "Bob speaks to our greater needs, not just our greater financial interests. It's what sets him apart. He's about a lot more than money, because with that fine mind beats an even finer heart." —Neil Cavuto, Anchor, Fox News Channel "No one on Wall Street has done a better job of spotting investment trends than Dr. Bob?No one!" —Lawrence Kudlow, Host of CNBC's Kudlow & Company "In a no-nonsense easy-to-understand style, Investment Megatrends steps back from the day-to-day mania of the markets, and explains how major shifts in our culture offer huge money-making opportunities. Dr. Bob is tops at showing the big picture to the small investor!" —Brenda Buttner, Host, Bulls & Bears, Fox News Channel The author's proceeds from this book are being donated to R.I.S.E., an international forum that promotes understanding of the global investment industry. For more information on R.I.S.E., see inside.

Author: Kilian Köberlein
Publisher: GRIN Verlag
ISBN: 3346712796
Category : Business & Economics
Languages : en
Pages : 121

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Book Description
Master's Thesis in the subject Economy - Real estate industry, , language: English, abstract: The starting point for this thesis and the associated question were price developments observable on the residential property market as well as increased media reporting. Against this background, the following question was examined with scientific methods within the framework of this thesis: Is a bubble formation recognisable in the German residential real estate market and what regional differences can be identified in answering this question? As a first step, price-influencing factors were examined in more detail and the price development relative to annual rent ratio, income and construction costs was examined. In addition, the effect of the ECB's interest rate policy and the interplay between property prices, monetary policy and asset price inflation were analysed. Hereby it became apparent that the significant price increase for residential property since 2010, and especially accelerated since 2016, can be explained against the backdrop of the extremely low interest rate level and the considerable expansion of money supply. In order to be able to identify price bubbles on the residential property market in a measurable and comprehensible way, the price development was analysed in a second step with the mathematical procedure according to Diba and Grossmann, which uses the Augmented Dickey Fuller Test. The procedure is based on the premise that the price of a good is related to its fundamental value. To examine the price development in the residential property market, the fundamental value used for comparison purposes is derived from the development of the rent price index, the index of average gross monthly earnings and the construction cost index. The house price index was used as a price indicator for residential property. With the help of the Augmented-Dickey-Fuller Test, the development of the various indices was examined and compared with regard to their degree of stationarity. This investigation was carried out for the overall German residential real estate market in the observation period 2010-2021 in order to obtain an up-to-date picture. For the period under consideration from 01.01.2010 to 31.12.2021, a price bubble was not confirmed on the overall German residential property market.