Germany's recovery from years of high unemployment and subdued economic conditions means it now offers huge potential for commercial property investors.
That is according to Brett Robinson, chief executive of Seven Dials European Property fund, who adds Munich, Frankfurt and Dusseldorf are the key locations. “The German market really has been the sleeping giant of Europe both in terms of economic and property market performance,” he says. “As it is starting to wake up on both counts, investors are taking a keen interest. “The economy has definitely turned the corner and the crucial development that we will be looking for is further improvement in the employment situation, particularly in the service sector. “This will spur demand on the...
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