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Residential rents in Germany have risen again in 2009 but more moderately than in the previous year. This is the result of a study comparing the official rent tables (Mietspiegel) in Germany.

The Ifo Business Climate for industry and trade in Germany improved once again in August. For the second time in succession the firms have assessed their current business situation clearly less negatively.

After a sharp drop in new built apartments in Berlin and Brandenburg in 2008 numbers for building permits have gone down even more. During the first six months of 2009 only 1,335 building permits for residential and non residential projects were issued. Another drop by 17,7 % compared to the same period of the previous year.

The monthly publication of the Real Estate Investment Climate Index in Germany for July 2009 increased for the 8th consecutive month by 7.5% from 58.9 to 63.3. The overall picture for the developments in Germany in July 2009 looks promising:
Business Climate – up
Consumer Climate – up
Unemployment – lower than feared link

In the German investment market, real estate valued at €1.2bn was transferred in July 2009. These deals show that there is big trust in the stability of the German Economy and the investment environment especially in the Real Estate Market.

New construction of residential units is still declining in Germany. It is at the lowest level since the reunification 1990. This is a phenomenon across Europe and is not likely to change at the short term due to the difficulties financing new projects. An analysis of the regions can help to identify investment targets in the German residential market with potential for rent increases supported by the still robust state of the German economy.

The top priority for private investors in Europe and the USA is the safety of their investments. One of the safest investments is into the German Property Market with its stable legal and commercial system. Provided a technical, legal and just as important financial due diligence is performed independently the robust economic environment provides ideal conditions for a safe and prosperous investment.

In June the number of registered unemployed had gone down to everybody’s surprise. It was clear that this would change in July. Still this month held another surprise. The figures released today were lower than expected.

In Germany, the upwards trend in the consumer climate continues on through the summer. Both economic and income expectations have increased and there has been a considerable rise in the propensity to buy. The overall indicator is forecasting a value of 3.5 points for August 2009, following a revised value of 3.0 points in July, and has therefore improved more strongly than in the previous month. In a longer term comparison however, the consumer climate is still at a very low level.