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.
Read the full article at http://www.bloomberg.com/news/2014-01-06/german-apartment-block-sales-jump-23-percent-to-most-since-2006.html
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