Eight hundred professional at investment houses, banks and building firms told the Urban Land Institute (ULI) and PricewaterhouseCoopers (PwC) in a survey published Monday they still valued German’s stability, but were looking elsewhere in Europe for property prospects.

Lisbon, Portugal’s capital, was top ranked in the report Emerging Trends in Real Estate Europe 2019 because if its above average returns and high growth potential, including projects to provide office space.

Despite soaring prices, the German capital Berlin came in second, with Frankfurt, Hamburg and Munich all making the top ten.

However, opportunities for “really attractive investments” in the big German cities had become “increasingly rare” said PwC real estate expert Susanne Eickermann-Riepe. She said that surved respondents had described pricing in urban hubs in Germany and elsewhere in Europe “as near the peak,” “well advanced” and “overpriced”
Purchases in Germany between October 2017 and September 2018 amounted to €65 billion down 3 billion on the previous 12 months.

Real estate investment in Berlin amounted to €8 billion despite its prices “going through the roof.”

According to the Association of German Mortgage Banks, every second euro invested in German real estate projects priced individually above €10 billion had come from foreign investors.

“Capital was still flowing into Europe, especially form Asia, but a lack of suitable assets was “one of the main barriers to investment,” said van Doom.

Source: DW
Fulya Altunyay/realestatecoulisse.com