Germany Real Estate Report Q2 2013 - New Market Research Report

2013-03-12 14:36:21 - New Business research report from Business Monitor International is now available from Fast Market Research

The Germany Real Estate report examines the commercial office, retail, industrial and construction segments throughout the country, in the context of Germany's central role in managing the ongoing eurozone debt crisis.

With a data focus on the principal cities of Berlin, Frankfurt, Dusseldorf and Munich, the report covers the rental market performance in terms of rates and yields over the past 24 months, and examines how best to maximise returns in the commercial real estate market, while minimising investment risk and exploring the impact of a high level of risk. Germany's economy is showing increasing signs that it is not immune to the rapidly escalating eurozone debt crisis, as falling business confidence and declining manufacturing orders affect the outlook for investment.

Full

Report Details at
- www.fastmr.com/prod/552295_germany_real_estate_report_q2_2013.as ..

The economic situations in all the cities we cover are looking fairly strong (given the wider context). Business sentiment is sturdy, employment slightly improving year-on-year (y-o-y) and the consumer appears to be relatively resilient. This was reflected in the real estate market, which in 2012 continued to perform robustly, with falling vacancy levels and rising rents defying the wider malaise in the national economy. Our latest data collection and in country interviews, conducted in December of 2012, shows that broader economic troubles are starting to take their toll on the commercial real estate market.

Key Points

* The outlook for the market going forward is muted, as growth in Germany's residential and nonresidential construction sector remains minimal, with a contraction of -1.01%% per annum expected for 2012 and a contraction of -0.24% forecast for 2013.
* The German construction and infrastructure sector remains fragile despite strong fundamentals, with the construction industry growth rate expected to sit at 1.35% y-o-y for 2012. Although there are some signs of resolution, the ongoing eurozone crisis continues to pull the German construction industry down.
* German consumption will not come to the rescue of periphery eurozone states over the next few years, as households remain cautious and the government keeps focused on fiscal consolidation. The fixed investment story will also remain relatively lacklustre, with the main bright spot for growth coming from external demand for German manufactured goods.
* We remain bearish on the European building materials market as conditions for firms continue to deteriorate in light of ongoing eurozone austerity. The sovereign debt crisis, lower domestic demand from peripheral countries and tighter financing conditions are constraining our construction outlook for the region and will continue to limit growth for the foreseeable future. Overcapacity, increasing production costs and falling sales volumes have hit the bottom lines of producers since 2009, and we see no immediate end to these phenomena. Notable exceptions to this trend are Russia and, to a lesser extent, Turkey. We expect these outperforming markets to sustain high levels of demand over the medium term.

Report Table of Contents:

BMI Industry View
SWOT
- Political
- Economic
- Business Environment
Industry Forecast
- Table: Forecast Rents - (EUR per m2/month)
- Table: Forecast Net Yield, 2010-2017 (%)
- Retail
- Table: Forecast Rents - (EUR per m2/month)
- Table: Forecast Net Yield, 2010-2017 (%)
- Industrial
- Table: Forecast Rents - (EUR per m2/month)
- Table: Forecast Net Yield, 2010-2017 (%)
- Construction And Infrastructure Forecast Scenario
- Table: Germany Construction And Infrastructure Industry Data, 2010-2016
- Table: Germany Construction And Infrastructure Long Term Forecasts, 2017-2022
Macroeconomic Forecasts
- Macroecnomic Forecast
- Table: Germany - GDP By Expenditure, Real Growth %
Industry Risk Reward Ratings
- Table: Real Estate Risk/Reward Ratings
- Business Environment Outlook
- Table: BMI Business And Operation Risk Ratings
- Table: BMI Legal Framework Rating
- Table: Labour Force Quality
- Table: Trade And Investment Ratings
- Table: Top Export Destinations, 2004-2011
Market Overview
- Office
- Table: Historic Rents - 2011-2012 (EUR per m2/month)
- Table: Net Yield, 2011-2012 (%)
- Table: Terms of Rental Contract/ Leases - H212
- Retail
- Table: Historic Rents - 2011-2012 (EUR per m2/month)
- Table: Net Yield, 2011-2012 (%)
- Table: Terms of Rental Contract/ Leases - H212
- Industrial
- Table: Historic Rents - 2011-2012 (EUR per m2/month)
- Table: Net Yield, 2011-2012 (%)
- Table: Terms of Rental Contract/ Leases - H212
Competitive Landscape
Company Profile
- Hochtief
- Multi Development Germany GmbH
- Patrizia Immobilien
- TAG Immobilien
- Vivacon
Demographic Forecast
- Table: Germany's Population By Age Group, 1990-2020 ('000)
- Table: Germany's Population By Age Group, 1990-2020 (% of total)
- Table: Germany's Key Population Ratios, 1990-2020
- Table: Germany's Rural And Urban Population, 1990-2020
Methodology
- How We Generate Our Industry Forecasts
- Construction Industry
- Bank Lending
- Real Estate/Construction Business Environment Rating
- Table: Weighting Of Indicators
- Sources

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Business Monitor International (BMI) offers a comprehensive range of products and services designed to help senior executives, analysts and researchers assess and better manage operating risks, and exploit business opportunities, across 175 markets. BMI offers three main areas of expertise: Country Risk BMI's country risk and macroeconomic forecast portfolio includes weekly financial market reports, monthly regional Monitors, and in-depth quarterly Business Forecast Reports. Industry Analysis BMI covers a total of 17 industry verticals through a portfolio of services, including in-depth quarterly Country Forecast Reports. View more research from Business Monitor International at www.fastmr.com/catalog/publishers.aspx?pubid=1010

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