Friday 23 October 2009

October 2009: Ifo Business Climate Index Slightly Improved Again



Results of the October 2009 Ifo Business Survey


The Ifo Business Climate Index for industry and trade in Germany has risen further in October. The surveyed firms are slightly less dissatisfied with their current business situation than in September. They have again given more favourable appraisals of the business outlook for the coming six months. The economic recovery continues hesitantly.

In manufacturing the business climate is not quite as poor as it was in the previous month. The continuingly unfavourable business situation for manufacturers has improved slightly. With regard to the six-month business outlook, the survey participants are more confident than in September. Despite the appreciation of the euro, the firms see improved export opportunities. They are utilising their production capacities at a slightly higher pace than in the summer, although the utilisation rate is still far below average. The firms are planning to slow down the pace of staff reductions somewhat.

In wholesaling the business climate index has risen further. The survey participants report a clearly improved business situation in comparison to the previous month. Their appraisal of the business outlook is somewhat more critical, however. Retailers are more dissatisfied with their current business situation. They are also more sceptical regarding the six-month business outlook than in September. As a result, the business climate in retailing has worsened.

In construction the business climate remains largely unchanged. The firms are slightly more dissatisfied with their current business situation but have given more favourable assessments of their business outlook than in the previous month.

Hans-Werner Sinn President of the Ifo Institute for Economic Research at the University of Munich.

For details and graphs there is a pdf download available, click here.

For support in the identification of the right investment targets please visit our website at www.berlin-portfolio.com. Especially for international Private Investors and Property Funds we provide a task force service for quick reaction to interesting opportunities.

We provide independent support for the property search including foreclosure or auction properties and their valuation or appraisal. (Also see our free property market Research Service)

Please use this link to the contact facilities provided there to place any requests .

Uwe Falkenberg


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Wednesday 14 October 2009

Price Development for Properties in Berlin 2009


The German broker's association IVD came to interesting results in their latest market report for the Berlin-Brandenburg metropolitan region.

The price development for apartments in Berlin recently is spreading according to location. This spread applies both to purchase prices as well as rent.

Purchase prices and rents at the low end of the market and in medium locations fell slightly, they remained bullish in good and very good residential and commercial locations. Purchase prices for apartments in standard residential locations stabilised at €1,200/sqm, while sellers in choice locations were able to demand €1,600/sqm on average – some 3.5% more than during the same period last year.

Similar developments can also be observed in retail and office rents. While top locations in city centers were able to raise rents, facilities at the outskirts are still under pressure. Tauentzienstrasse, at €230.00/sqm, has the highest rent for retail. For office and doctors’ office space, current peak rent is €21.00/sqm.

For support in the identification of the right investment targets please visit our website at www.berlin-portfolio.com. Especially for international Private Investors and Property Funds we provide a task force service for quick reaction to interesting opportunities.

We provide independent support for the property search including foreclosure or auction properties and their valuation or appraisal. (Also see our free property market Research Service)

Please use this link to the contact facilities provided there to place any requests .

Uwe Falkenberg


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