bulwiengesa Blog

Chart of the Month

September: Office Market in Search of Orientation

The uncertainties of the first half of the year are depressing office space turnover in the class A cities. The spread of the home office and a possible loss of jobs with possibly lower space requirements in the long term are unsettling many players. However, current signals already point to a certain recovery in market conditions
Residential
14.09.2019 Author/s: Silvia Beck and Nicolas Gräßlin

The 27,000-Room Hotel

Our survey on hotel construction in Germany, which we compiled together with benchmark. REAL Estate, predicts tremendous growth: The roughly 27,000 hotel rooms that are expected to come on-stream in 2019 would suffice to accommodate the population of a mid-size city. Exciting to watch is a trend beyond classic hotel accommodation that is gaining ground even outside the major cities
Background
11.09.2019 Author/s: Sven Carstensen

Desperately Seeking Property Investment Opportunities

The fifth 5 % survey shows: Rates of return (IRR) took another nosedive in every asset class except shopping centres. Demand for German real estate remains as high as ever, even as uncertainty factors are stacking up. Investors accept the steadily declining returns
Retail
04.09.2019 Author/s: Ralf-Peter Koschny

Rent Cuts in the German Retail Trade – What’s the Story?

Many landlords and investors of retail properties lament that it has become virtually impossible to maintain the level of passing rents when negotiating or renewing lease agreements. Then again, landlords of shopping centres or commercial buildings in particular confirm that they do see upside potential in sound locations. Let us take a look at the various asset classes to see what is happening
Office
31.07.2019 Author/s: Alexander Fieback and Lina Wegener

Coworking in Berlin: Just a Hype?

Take trendy quarter or prestigious town core: At the moment, coworking spaces—or better put: “flexible workspaces”—are springing up everywhere in Berlin. The phenomenon is largely driven by the rapidly expanded start-up scene, but not exclusively so. In the market report for Berliner Sparkasse, we asked the question: Will this remain just a hype?
Residential
26.06.2019 Author/s: Felix Embacher

Student Housing: Looking for Fresh Concepts

In the “2019 Student Housing” market survey that we compiled for Union Investment, we mapped the potential of 65 cities including four European metropolises. Few people could have expected Münster to emerge as the top performer. This goes to show that a pure Class A strategy falls short of the mark. What is principally lacking are options in the mid-price segment
Logistics
26.06.2019 Author/s: Tobias Kassner

German Unternehmensimmobilien Shed their Reputation as an Exotic Species

On the Anglo-Saxon real estate markets, light industrial properties are nothing exotic but have been established as popular investment objectives for a long time. Unternehmensimmobilien, their German equivalent, have now caught up to them
Background
21.06.2019 Author/s: Björn Bordscheck

Off the Beaten Track

Transport links and accessibility are essential, or perhaps even the most essential, location criteria to be considered when deciding for or against a given site. They also have massive financial ramifications for a given property. And this is true for virtually all types of use
Background Residential
15.06.2019 Author/s: André Adami and Antonia Wecke

Happy Holidays at the Baltic Seaside

The market for holiday properties has seen upward growth, as the Baltic seaside is highly attractive for many potential buyers. On behalf of PRIMUS Immobilien, we put together a comprehensive portrait of the Baltic seaboard in Mecklenburg-West Pomerania and outlined the investment potential. All holiday trends suggest that the market opportunities will stay as auspicious as they are
Residential
13.06.2019 Author/s: Felix Embacher and Robin Cunningham

What Will Tomorrow’s Residential Climate be Like?

In collaboration with our client BPD, we analysed the situation on Germany’s housing market. The findings for 11,000 communities are represented in an interactive housing weather map. It shows clearly: The map covers the whole spectrum from “hot” to “cold” – and some locations will surprise you
Background
10.05.2019 Author/s: Felix Schrader

Real Estate Economies in France and Spain Quickest to Recover

The Euro Score of the Deutsche Hypo REECOX index brightened noticeably in Q1 2019. The upward trend is manifest in all six of the countries studied. Indeed, market evidence suggests that the trends were virtually analogous even in the past, and shows how close the ties among European countries are
Residential
08.05.2019 Author/s: Christina Kraus and Felix Embacher

Dare to Invest in Class C Cities

No matter how low yield rates for flats in Class A cities drop, investors keep being attracted to conurbations. Opting for B- and C-class cities instead seems to be the obvious choice. Objectively speaking, that is. Yet our latest survey for the d.i.i. Group checks whether these cities represent sensible alternatives in terms of their risk-return ratio and, if so, which ones would be best
Background Residential
02.05.2019 Author/s: Felix Embacher

European Rental Housing Markets: Where to Invest?

We studied the conditions for landlords and investors in 14 European countries. Would you have guessed the country with the highest investment recommendation?
Residential
25.04.2019 Author/s: André Adami

North Rhine-Westphalia in 2019: Subdued Housing Market Boom

The housing market in North Rhine-Westphalia is characterised by positive parameters. This is not about to change before the end of this year. That being said, developments within the state differ radically
Office
10.04.2019 Author/s: Lina Wegener

Who Needs an Airport Anyway? Office Developments Near Schönefeld

While Berlin’s airport (BER) has yet to be finished, the area around it has serious potential for office development. Indeed, we suggested as much two years ago when presenting our survey of the local office real estate market at the airport. The 2019 update now reveals: There is a flurry of activity in the surroundings of BER, yet for the majority of developments it is important for the airport to open eventually
Office
27.03.2019 Author/s: Nicole Dornig and Sven Carstensen

Robust and High-Yield: Office Markets in Second-Tier Cities

Once again, we studied the investment opportunities in 31 second-tier cities for DEMIRE. At the same time, we introduced the all-new Secondary Office Index (SOX): The new index will provide guidance to investors beyond the dated ABBA formula. Finally, we will also tell you which German cities have the best risk-return ratio
Background
22.03.2019 Author/s: bulwiengesa

Fast Growth in Office Projects

Our 2019 Property Developer Survey will not be published until early April, but the key findings are already in. Yesterday, they were presented at an online press conference
Logistics
20.03.2019 Author/s: Tobias Kassner

Logistics Regions: Potential Beyond the “Big 5”

The German logistics business is by no means limited to the metropolises. It is extremely important for logistics companies, project developers, investors and financiers that their logistics properties are located in sustainably attractive logistics regions. Our scoring system, published for the first time, shows what these regions are
Retail
11.02.2019 Author/s: Ralf-Peter Koschny

High-Street: Problem Child or Perennial Cash-Cow?

Signa’s takeover of Kaufhof implies a commitment to high-street retailing, as does the fact that online retailers are opening physical stores in prime high-street pitches. At the same time, sales figures are caving in, and investors expect no further rent increases. So, what is the way forward for high-street retailing? A brief commentary
Logistics
03.01.2019 Author/s: Tobias Kassner

Logistics Beyond the Hype

The bread-and-butter business of logistics is transacted outside the city gates. But what makes a sound logistics region depends strongly on the market segment. Increasingly, it is also defined by the degree to which is can be customised for flexible use
Residential
22.11.2018 Author/s: Björn Bordscheck

New Scoring for Residential Locations with Strong Growth Prospects

Whether or not a property investment is fit for the future depends on many factors. One of them is how comfortable people are in it. In a survey of residential locations with a bright outlook (“Future Locations: Wohnlagen mit Perspektive”) that we conducted together with Wealthcap, we examined auspicious cities and micro-environments. A customised scoring evaluates macro- and micro-criteria simultaneously for the first time