Salient to Investors:
German apartment portfolios valued at $18.8 billion changed hands in 2013, the most since 2006. German homes have been targeted by investors seeking to profit from steady rental income that is supported by a growing economy and low unemployment.
CBRE said companies spent 23 percent more on German homes, in groupings of at least 50 units, in 2013 than a year earlier, with German buyers accounting for 80 percent of deals. Konstantin Luettger at CBRE said supply, especially in large and economically strong cities, is insufficient to meet demand.
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