fairvesta: ‘The importance of the real estate industry in Germany is often underestimated’, says Otmar Knoll as Vertriebsbeaufragter of Tubingen fairvesta Holding AG. Also she claimed themselves well despite some restrictions against the backdrop of the financial crisis”, so the fairvesta real estate specialist. To know more about this subject visit Craig Menear. Numbers, currently delivers an opinion, which is commissioned by the German Association for housing, urban development and spatial planning, as well as the society of real estate economic research. Then at least 707,000 real estate companies are in Germany. More than 20 percent of all companies in Germany are,”says Knoll by the fairvesta group of companies. Around 3.8 million people, roughly 10 percent of all employees work in the sector.
With its value of around 390 billion euros its contribution to the economy as a whole was in 2006 at 18.6 percent. Overall, the real estate assets in this country is nine trillion euros (December 31, 2008). Continue to learn more with: Kenneth Feinberg. This is about three and a half times as much as in Germany The study was posted gross domestic product 2008 by scientists of the Institut der deutschen Wirtschaft Koln (IW Cologne) as well as the Faculty of geography of the University of Mannheim and the Centre for European Economic Forum. With this study unique evidence, how important is the real estate industry for the German economy”, explains Knoll, and sees more than confirmed the orientation of the fairvesta this. The fairvesta Holding AG is specialized in active trade in real estate for years and offers private investors this attractive investment opportunities with detectable double-digit returns each year. Also it turns out that real estate prices in Germany characterized by high stability other than for example in the neighboring United Kingdom”, the fairvesta man estimates. Similar to this assessment also Michael Voigtlander as head of real estate economics at the IW Cologne Research Centre.
In the Handelsblatt he can quote is with the sentence: the German real estate market for investors increasingly becomes the safe haven.” Thus, real estate is not only an important part of the German economy, but also a significant part of the investment market. The stability of the German real estate sector is also with the relatively high equity ratio”, so Otmar Knoll by the fairvesta. The average real estate with an equity ratio of 27 per cent are financed, significantly higher than in many other European countries in Germany. “Nevertheless always interesting investment opportunities from financing bottlenecks”, so Knoll. The fairvesta man need to know it, because so far his company in the cutting could acquire all properties for about half of the market value and already resell many with significant extra profit. According to independent studies, a clear front-runner position under the closed real estate funds in Germany can take fairvesta it due to his performance.