Germany's commercial real estate sector is experiencing a significant downturn with office property prices falling by 12.1% in the final quarter of 2023, marking the largest drop on record. The decline is attributed to factors such as remote work, higher financing costs, and sluggish return-to-office trends. German Finance Minister Lindner acknowledges the market's adjustment but remains optimistic about a potential turnaround in the economy.
#Germany Commercial #RealEstate. Office building values https://t.co/oTG2vYGtZG
This isn't surprsing given remote work trends and rise in interest rates, but you'd think that cities - like Chicago - suffering from a major office property slowdown would seek to mitigate damage. Instead we're trying to raise property transfer taxes... https://t.co/z6quoin5ip https://t.co/xSemeQKyRf
The outlook for housing construction in Germany has dropped to a historic low https://t.co/gBXHRGrAz5 https://t.co/8VCzvNPPky
Good Morning from Germany where the market for office buildings suffers its sharpest drop in two decades as higher financing costs and sluggish return-to-office trends sour investor appetite: The downturn accelerated in Q4 w/a 13% drop YoY, according to data published by German… https://t.co/6PyqCG7q10
German housebuilders start the year more pessimistic than ever as the country's construction slump threatens to intensify https://t.co/NsfbL2qdbg
What Mortgage Bonds Say About the Office Meltdown https://t.co/8DffT31myN It means that things are in bad shape, particularly for multifamily & office on the east and west coasts.
.@SVNieuwerburgh says the commercial real estate market is a "train wreck in slow motion." His research shows: "The decline in office demands ... ultimately results in a loss of value of around 50% for office buildings." https://t.co/SPBCqr0Woz
🇩🇪 German commercial property prices fell 12.1% in the final three months of 2023 compared with a year earlier in their biggest-ever drop. https://t.co/CWBb2bLKFS
German commercial property prices post biggest-ever drop, data shows - Reuters https://t.co/EHFogzvi25
Germany's market for commercial real estate is undergoing an “adjustment period,” says German Finance Minister Christian Lindner https://t.co/V6BeWjQoVx
German office prices dropped a whopping 10%, and given the slow-moving nature of the asset class, more declines are coming. Commercial real estate companies are under a lot of pressure! https://t.co/0hY19nyNFk
Germany’s Lindner Sees Commercial Real Estate In ‘Adjustment’ - BBG https://t.co/58FNEHJzzr
Germany’s Lindner sees commercial real estate in ‘adjustment’ https://t.co/bJNbPUHREr via @flacqua https://t.co/dSUuLOib2E
German Finance Minister Lindner: See Potential For Fast Turnaround In German Economy - BBG TV
🔴 GERMAN FINANCE MINISTER LINDNER: COMMERCIAL REAL ESTATE MARKET AS A WHOLE IS STABLE.
German commercial property prices post biggest-ever drop, data shows https://t.co/voRNPbdSED https://t.co/2st9VnutWL
Germany’s office property slump accelerates with record drop https://t.co/NZ6pgiLVMS via @laura_malsch https://t.co/VidOYtxWc2
⚠️ GERMAN COMMERCIAL PROPERTY PRICES POST BIGGEST-EVER DROP, DATA SHOWS (Reuters) German commercial property prices fell 12.1% in the final three months of 2023 compared with a year earlier in their biggest-ever drop, the VDP banking association said on Monday, as the nation's… https://t.co/UW3OZJmSnF
Germany’s Office Property Slump Accelerates With Record Drop - BBG https://t.co/ubtknBuWXs
Germany’s market for office buildings suffers its sharpest drop in two decades as higher financing costs and sluggish return-to-office trends sour investor appetite https://t.co/kE8kVdfL6T
The commercial real estate sector is facing a trifecta of pain: remote work emptied office buildings, property values suffered and interest rates went up. https://t.co/SXJLMNZHGq