Abstract
The current population forecasts bode ill for "the" real estate market in Germany: The regionally differing decreases in population will affect both the office and residential real estate market, however, not to the same extent. A reduction of property values with impacts on the economic activity and growth may follow. Due to potentially more restrictive technical requirements in order to slow down climate change investment losses in the real estate business could even be increased if no stronger international demand for property on the German real estate market can be generated through a higher level of transparency. An improved family policy, more incentives for internationals to migrate to Germany (which is where universities could play a significant role) as well as programs for the maintenance of existing facilities and their energy-efficient upgrading could be essential elements within a strategy for real estates.
Translated title of the contribution | Prospects of the German real estate market and economic political challenges |
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Original language | German |
Pages (from-to) | 192-214 |
Number of pages | 23 |
Journal | Perspektiven der Wirtschaftspolitik |
Volume | 12 |
Issue number | 2 |
DOIs | |
State | Published - May 2011 |