Thursday, 20 November 2008

German Property Market: Further decline in residential building permits

The Federal Statistical Office has reported that building permits for commercial buildings has increased by 22 % during the first 9 months of 2008 while the permits for residential buildings has declined by 4 % compared to the same period of the previous year.

This development further contributes to the development of a more stable rental market with opportunities for increase in rents in good locations and good standard apartments. Reliable information and property market research is key for a sound investment decision. Some investment targets like Berlin Property will benefit more from this development than others.

For Pre-Acquisition Services and Market Research Services please refer to Berlin Portfolio Ltd. with their vast experience working for international investors in the German Property Market.

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