Corporate foreign exchange news

Invesco: German real estate to perform strongly

Tuesday, 05 October 2010 09:56:58 GMT

Published by Jamie Jemmeson
The German real estate market will record strong growth across residential, commercial and industrial sectors, according to Invesco.
Speaking during the Global Investment Club webinar hosted by Property Week, Simon Mallinson, director of European research at Invesco, said that the country is witnessing a return to economic growth across a broad industry base.
However, he added: "There is very little development pipelined in the office markets across Germany. There is tenant demand for them so we are starting to see the yields be driven and the rents pushed up a little bit."
For those looking to buy retail property, Mr Mallinson tipped the discount and grocery sectors, as both are performing well across the country, both in rural areas and larger regional centres.
Foreign property mortgage buyers may also be encouraged by the annual bfinance property manager survey, which showed widespread expectations in the industry that the French and German office real estate sectors will return to solid growth next year.
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