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Real estate in Germany – retail landlords vs tenants corona

Commercial real estate renters in Germany demand a reduction in rent due to the corona

A few major retailers are demanding rental reductions – and smaller companies are awaiting the outcome

The German Retail Trade Association – Handelsbranden Deutschland (HDE) – has been busy recently with the sensitive issue of rents, arguing that the stores forced to close during the Corona crisis should pay only 50% of the rental fee agreed between the parties contractually. Among other requirements, it advocates amendments to the Tenancy Act to adopt a risk distribution between tenants and the property owners in such exceptional circumstances.

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Posted by Tanya Yujelevski  |  0 Comment  |  in Berlin, general, Uncategorized @en
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Real estate in Germany – notarisation during corona

German real estate notarization during Corona

There are more and more voices calling for the process to be digitalized

German law still allows visits to a notary to officially close a real estate purchase transaction, which traditionally requires the parties’ physical presence and reading of the terms of their dealings. While appointments and consultations with the notary can be scheduled by phone or video under existing law, the signing must be done physically in front of the notary.

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Posted by Tanya Yujelevski  |  0 Comment  |  in Berlin, general, Uncategorized @en
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Real estate in Germany – ADO and Adler merger

The merger of German real estate giants ADO and Adler is complete

Merger of ADO Properties and Adler Real Estate had completed, creating a second largest residential real estate portfolio in Germany

German real estate does not plan to let a global pandemic stop it: German real estate companies continue “business as usual” in face of the novel COVID-19 and create the largest merger seen recently on the market. Both companies target residential real estate in Germany only.

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Posted by Tanya Yujelevski  |  0 Comment  |  in Berlin, general
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Real estate in Germany – resi market during corona

Germany real estate in light of the Corona

Germany’s residential real estate market continues to be buoyant even in the shadow of the COVID-19 virus, but transactions are slower

The market is still full of life and deals, but they may take longer due to the circumstances. This is caused by operational problems – for example, not all banks have an infrastructure that allows its employees to work from home. Demand for residential real estate remains high and many are looking for properties.

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Posted by Tanya Yujelevski  |  0 Comment  |  in Berlin, general
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Real estate in Germany – money laundering laws tightening

Following money laundering cases affecting real estate in Germany: toughening of laws

In order to maintain maximum transparency in the real estate market, Germany decides to toughen the laws once again

With a view to preventing money laundering cases, in which real estate is bought with dubious money, Germany sets new laws. According to this, notaries will have to refuse notarization under certain conditions.

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Posted by Tanya Yujelevski  |  0 Comment  |  in Berlin, general, Uncategorized @en
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Real estate in Germany – land tax new law

New land tax law passed in Germany – what are the consequences for real estate owners?

The new real estate law in Germany comes into force on January 1, 2025

In accordance with the new law, the German land tax will be calculated according to a new model designed by the Federal Ministry of Finance with the aim of assessing the value of real estate under taxation. The model consists of three stages.

The first step is to assess the value of land and property, as well as the potential rental income – the higher the rental potential, the greater the tax. The second step will be to update the data on which the calculations are based.

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Posted by Tanya Yujelevski  |  0 Comment  |  in Berlin, general, Uncategorized @en
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Real estate in Germany – decline in residential building permits

Another decline in residential property construction permits in Germany

The German Bureau of Statistics (Destatis) measured another decline compared to last year

New data was released this month at the Federal Bureau of Statistics, showing that the amount of building permits issued fell 1.9% between January and September in Germany, compared with the data from the same period last year. This is a total of 257,900 approvals – and they were valid for both new construction and construction work related to existing buildings.

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Posted by Tanya Yujelevski  |  0 Comment  |  in Berlin, general
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Real estate in Germany – Current situation isnt a housing crisis

The reasons why you can’t call the current situation in Germany “housing crisis”

While there is a shortage of supply, it does not equate to a crisis in residential housing

Dr. Gunter Vornholz of the School of Business publishes a report on real estate in Germany, stating that the current situation is not the same to what we are used to consider a crisis. In this report he compares the situation in residential real estate immediately after the war – a real crisis – and the situation today, and its conclusion is that we should not be alarmed by the headlines in the newspapers, but understand that the situation is driven by the reality of the market.

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Posted by Tanya Yujelevski  |  0 Comment  |  in Berlin, general, Uncategorized @en
Real estate in Germany

Real estate in Germany – decrease in sales volume of healthcare

A shortage of assets in the healthcare market in Germany leads to a decline in the volume of transactions

The decline represents 52% in the first half of 2019 compared to last year

Lack of large-volume deals is the main reason for this figure, according to experts from the brokerage firm CBRE. While many investors are looking to invest in real estate designed for health care, the market is suffering from a shortage of supply.

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Posted by Tanya Yujelevski  |  0 Comment  |  in Berlin, Development and growth, general, Uncategorized @en