According to a poll of 200 executives in the property sector conducted by ZIA, German property firms are planning new investments despite the financial crisis.
- One third of the companies polled want to acquire properties during the coming weeks and months;
- 42 % claim that financing in the eight-digit range can certainly still be had;
- the prospects for residential properties were evaluated as positive and are the preferred property asset type.
Some 86% of those questioned were expecting the residential property market to remain steady or show positive development with increasing yields during the coming six months. Hotel properties, on the other hand, are largely viewed with scepticism and for office properties ca. 50% are expecting falling rents.
The German Property Federation or ZIA, is a regulatory and economic lobby group for policy in the property sector.