In view of Germany’s aging population, nursing homes are becoming more attractive to real estate investors. In a survey of nearly 500 representatives of the real estate industry, more than two-thirds (69 percent) said that buildings for long-term care of the elderly would become increasingly importance. Apartments followed in second place, with real estate for the healthcare industry in third place. In July, 493 experts were surveyed by the IfaD market research institute on behalf of the Munich trade fair company. On October 4, the Expo Real real estate trade fair begins in Munich, in the southern German state of Bavaria, an important meeting of the industry throughout Europe, with around 1,900 exhibitors attending.
Although the data is no longer completely up-to-date, it is already becoming clear that the situation in the real estate business is no longer as rosy as in previous years. With the years of low interest rates coming to an end, during which the industry was a prime target for investors looking for returns, this has now changed: Just under half of the experts surveyed said they expected real estate investment in Germany to decline. Meanwhile, a good quarter (26 percent) expect at least as much or even more capital to flow into real estate in the future as before.
In particular, offices, parking garages, retail properties, and hotels are obviously no longer in vogue. In the case of offices, only 12 percent of respondents expected their importance on the real estate market to increase. In the case of hotels, retail properties, and parking garages, the figure was only between 4 and 6 percent in each case.
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