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real estate

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If you are planning a new property development in Germany any time soon, brace yourself: Construction costs are rising faster than at any point since the financial crisis. The cost of constructing a standard residential building was 4.0 percent higher in February 2018 than just 12 months earlier. According to Federal Statistical Office, this was the highest increase in construction prices since November 2007, when prices rose by 5.8 percent. So, …

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The Mietpreisbremse is coming under increasingly heavy fire. Originally designed to put a brake on rampant rental increases, restricting rents to a maximum of 10% above local benchmarks, the legislation was introduced last summer and immediately met with a mixture of protest and disbelief (from those within in the residential real estate industry), doubt (from those who predicted that this would be a toothless tiger) and warm acceptance (from those …

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The focus of this blog is normally on Real Estate, which is admittedly a fairly broad focus ranging from different real estate asset classes to examining market trends, from legislative changes to social and economic developments. For this post though, we’re going to take a bit of an excursion and explore a more political topic: Brexit. As with any major political issue, the ramifications of the UK population potentially voting …

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We’re well into February and there has been a recent rush of facts and figures arriving as a flood of studies and reports are released to provide analyses of an almost infinite array of statistics on the German real estate markets in 2015. We’ve covered a number of these developments in this blog before, but thought it would be interesting to highlight some of the key facts and figures relating …

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Legal changes are on their way, both due to new laws being enacted and reforms to existing laws. It is important that anyone affected has sufficient time to come to terms with the new legal landscape and can make any necessary changes to their business practices. Read on to find out about some of the key legal changes that are set to have an impact on the German real estate industry this year including changes for: estate …

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Milieuschutz – necessary intervention or a step too far? In this third article on the German housing market, we’re moving on to the third currently hot “M” in the German residential real estate industry – Milieuschutz. Unlike the Mietpreisbremse (a product of Germany’s current coalition government), protecting the character, identity and social mix of a neighbourhood via Milieuschutz goes back more than 40 years to the early 1970s.   Restricting …

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Mietpreisbremse – putting the brakes on In this second article on the German housing market, we’re going to examine the recent Mietpreisbremse (rental control/cap, literally “rental brake”) legislation and see how it ties in with the Mietspiegel from part one. If you are an investor, landlord or tenant in one of Germany’s major cities, you are probably going to feel the impact of the Mietpreisbremse sooner, rather than later. As mentioned …

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The Mietspiegel—A funhouse mirror There is a great deal of interest in Germany’s housing markets from overseas‘ investors and there are a large number of non-German speakers living in the country, particularly in major cities such as Berlin, Munich, Frankfurt and Hamburg. Germans have a long-standing preference for living in rented apartments rather than buying property—although this might change slightly thanks to low interest rates and steadily increasing rents. In …

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Two nations separated by a common language Although no one is 100% sure who first described the relationship between British and American English in this way (Wilde? Winston Churchill? George Bernard Shaw? None of the aforementioned?), but what everyone can agree on is the fact there are many minor and a number of fairly major differences between BrE and AmE. Considering the different forms of English used within a 50-mile …

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