Real Estate: "Slowly, the transaction market is starting to move again"
After a long lull, investors are returning to the real estate market, says the head of real estate service provider CBRE Germany - and explains why the change in interest rates was an aha moment for him.
Kai Mende, CEO of CBRE Germany, sees the greatest untapped potential in the real estate industry in active asset management, specifically investing in properties that can be modernized or revitalized to increase their value. He notes that the transaction market has been slow since the interest rate hike, as buyers and sellers had differing price expectations, but is now starting to show signs of movement.
Mende cites the 2022 interest rate hike as a significant moment in the real estate market, which showed how quickly market mechanisms can change after a prolonged period of low interest rates. CBRE Germany is the largest provider of commercial real estate services and investments, with over 150,000 employees in 100 countries.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
