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Germany is midway through a four-year real estate crisis that will lead to more losses and distressed sales of unwanted properties, the head of Commerzbank's real estate business told Reuters. The ...
It also runs the online market place IZ-shop.de, where specialist literature for the real estate industry is sold. The Immobilien Zeitung highly supports the job market of the real estate industry by conducting a job offensive as well as an annual job market survey. IZ-Jobs.de was established as an employment website for the real estate industry.
Shares of PBB, the second German bank to warn of mounting losses on commercial real estate in two weeks, have slumped 17% since Friday. The stock has tumbled more than 25% so far this year and 40% ...
The Institute for Federal Real Estate is a legal entity of the type Anstalt des öffentlichen Rechts, [8] i.e. a public-law institute. [3] It has approximately 5,800 employees at 120 different locations in Germany. [4]
The mortgage market remained weak with banks requiring large downpayments from borrowers. [2] Germany has comparatively low rental prices and a high proportion of rent controlled units. The German government does not deduct mortgage interest payments from taxes. [3] In the 2000s, Germany reduced government subsidies for homeownership. [4]
German property group DIC Asset has agreed to buy German Estate Group (GEG) for 225 million euros ($253 million) in cash from real estate investor TTL and private equity firm KKR, the companies ...
In contrast to commercial real estate, residential lease contracts are highly codified by the Bürgerliches Gesetzbuch (abbr. BGB, "German civil code"). One of the central ideas there regarding real estate, is the Ortsübliche Vergleichsmiete (local customary comparable rent). New leases must not be more than 20 percent (not exactly stated by ...
As of 27 September 2021 Vonovia owns the majority of shares in German real estate company Deutsche Wohnen. Deutsche Wohnen announced a voluntary public takeover offer. [ 70 ] [ 71 ] The consolidation of Deutsche Wohnen and Vonovia would significantly increase its market share in states like Berlin.