- Pressemitteilung BoxID 493549
German residential portfolios leading the way
The presentation will show residential properties achieved a total return of 8.3% - by far the highest return of all German sectors and an outperformance of 3.1% compared to the overall index. Consequently the residential sector sustained the strong performance seen in the last 5 years leading to the question whether there are signs for an exaggeration of the market.
The components of the total return, capital growth and income return, disclose different trends. Residential properties achieved positive capital growth over the last 5 years (2.2% pa on average) ending in 3.5% in 2013. Corresponding to the upswing market yields dropped from 4.9% in 2009 to 4.7% in 2013 indicating an increase in value during the last years but in a moderate way. In the same period the income return increased successive from 4.2% in 2009 to 4.7% in 2013.
Daniel Piazolo, Vice President & Geschäftsführer in Germany, IPD commented: "Typically in a boom income returns decrease significantly as we have seen at many European markets during last decade's market cycle. Although the income return for German residential property did not rise again in 2013 there are currently no signs of an overheating of the market by the income return side."
The competitiveness of the German residential markets emerges in an international context. The German market reached the strongest income return in the last 2 years at levels of nearly 5%. Although there are markets with rising income returns like Sweden or the Netherlands (in this case driven by negative capital growth) other markets lag in parts strongly behind at levels below 3% pa as given for France or the UK.
IPD will present in detail the analysis for the German and European residential markets during a webinar on the 25th of June 2014. This webinar at 15:00CET is free of charge. To register, please click here.
IPD Investment Property Databank GmbH
IPD provides real estate benchmarking and portfolio analysis services to clients in over 30 countries around the world. These services incorporate more than 1,500 funds containing nearly 77,000 assets, with a total capital value of over USD 1.9 trillion. Each year, IPD produces more than 120 indexes helping real estate market transparency and performance comparisons, as well as nearly 600 benchmarks for client portfolios. IPD is a subsidiary of MSCI Inc., a leading provider of investment decision support tools to investors globally, and clients include real estate investors, managers, consultants, lenders and occupiers. For further information on IPD, please visit www.ipd.com.
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