Understanding German Real Estate Markets

Part I. Macro Environment

1. Real Estate Data Sources in Germany
Michael Voigtländer

2. Size and Impact of Real Estate Sector and Its Role for Business Cycles and Growth
Wolfgang Maennig

3. Demographic Outlook and the Implications for Real Estate Markets
Tobias Just

4. Germany’s Regional Structure
Tobias Just, Philipp Schäfer

5. The German City System
Guido Spars, Inès-Caroline Naismith

6. The Micro-Cosmos of German Cities: New Insights into the Supply of and Demand for Urban Amenities
Gabriel M. Ahlfeldt, Nicolai Wendland

7. Sustainable Buildings
Christine Lemaitre

Part II. Judicial Framework

8. Regulations and Laws on Real Estate Agents, Notaries, Cadastres and Rent Increases
Michael Schick

9. Legal Framework for Real Estate Asset Classes
Clemens Just

10. Valuation of Real Estate in Germany
Dietmar Meister, Kerstin Dressel

11. What Germany’s Amended Tenancy Laws Do and What They Don’t
Michael Schick

12. Commercial Leases
Wolfgang Usinger

13. Planning and Building Law
Petra Lau

Part III. Tax and Subsidy Framework

14. Tax Framework for Investing by Asset Classes
Joachim Krämer

15. German Taxation of Inbound Real Estate Investments
Valentina Farle, Rainer Schmitt

16. Monument Protection and Zoning: Regulations and Public Support from an International Perspective
Wolfgang Maennig

Part IV. Financing

17. Commercial Property Financing
Frank Nickel

18. Going Public and M&A in the German Real Estate Market
Klaus Elmendorff, Christian Schmitt

19. German Open-End Real Estate Funds
Steffen Sebastian, Till Strohsal, René-Ojas Woltering

20. German Closed-End Funds
Helmut Knepel, Thorsten Voss

21. REOCs and REITs
Wolfgang Schäfers, Kai-Magnus Schulte, Alexander Scholz

22. Possible Applications of Derivatives
Daniel Piazolo

Part V. Asset Classes

23. Development of Residential Property
Marcus Cieleback

24. German Office Markets
Andreas Schulten

25. Retail Property Markets
Olaf Petersen

26. Hotel Market Germany
Martina Fidlschuster, Christine Mayer, Philipp Linder

27. “Unternehmensimmobilien”: An Asset Class of High Potential
Stephan Bone-Winkel

28. Ongoing Catch-Up Potential for German Real Estate Returns
Daniel Piazolo, Justus Vollrath

Part VI. Public Real Estate

29. Public Real Estate
Eleonore Pöll

30. PPP and Infrastructure
Hans Wilhelm Alfen, Sven Barckhahn

Keywords: Business and Management, Real Estate Management, Business Taxation/Tax Law, Personal Finance/Wealth Management/Pension Planning