German real estate continues to grow during Brexit. Rents are also constantly rising in the city and properties are quite unaffordable for local buyers. Germany offered easy citizenships to Britons during Brexit, although the country does not allow dual citizenship. It treats Britons as citizens during the settlement phase and there are provisions whereby people who have lived for more than 5 years in the country will be granted settled status and citizenship benefits such as pensions and healthcare. During Brexit, Berlin offers commercial investment opportunities where rents are rising for small and medium-sized tenants. Germany's markets are transparent compared to China. China's growth fell from 7 to 4.5 percent in 2017, and in the United States home prices increased by 6.3 percent in 2017, where Seattle showed the highest growth of 12.7 percent – according to reported by Knight Frank. Say no to plagiarism. Get a tailor-made essay on "Why Violent Video Games Shouldn't Be Banned"? Get an original essayBR-NAS has purchased 30 million euros worth of office space in Germany in Düsseldorf and Essen. The Finnish fund Ilmarinen has invested in Berlin, Amsterdam and the United States. Deutsche Industries bought three industrial properties in Berlin – (Schleiz on the Munich, Bremen and Lower Saxony Autobahn, Shortens for 8.05 billion euros). Dentan has partnered with real estate company René Dubois to boost real estate business in Germany. The Swiss company Swiss Life will acquire Berlin-based BEOS to strengthen its subsidiaries in the mixed real estate sector: offices, production and logistics. Singapore wealth fund bought properties in GIC Pte, bought properties in TechnoCampus Berlin with the partnership of a local company for a project that transforms old buildings into office spaces. Investments by German real estate funds increased in 2017 by 50% and there are at least 13 open ended German real estate funds aimed at institutional and private investors to invest in the country to profit during Brexit volatility (according to the assessment of Brooms). In 2017, total investment in Germany was 2.3 billion euros. According to statistics published by Deutsche Bank, inflation has increased by at least 80% in major German cities over the past decade. Apartment prices in Munich have doubled, while in Hamburg they are growing by 70%. Germany is showing some of the highest growth, while UK real estate is slowing in some regions. Hong Kong and Vancouver are other growth cities. Low interest rates, more jobs and population growth in major cities are the main reasons for rising property prices leading to shortages where the population of cities like Munich has grown by several thousand compared to the available housing units in Germany. In Berlin, prices have grown by 20% year-on-year and, on average, property rates in Frankfurt, Munich and Hamburg have grown by 13% over the past year. Please note: this is just an example. Get a custom paper from our expert writers now. Get a Custom Essay Office prices in Germany are growing and the price of commercial real estate in German submarkets has also increased. Growing demand from investors has led to office property prices rising three times in five years. The welcoming visa and accommodation options have increased the influx of young tech workers into the country.
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