Is German real estate returning to past values or heading off to new shores?
For a long time prior to the onset of the COVID-19 crisis, there was talk of how the German economy would cope with the experience of an external shock, writes Markus Reinert, the CEO of IC Immobilien Gruppe.
Now, this precise scenario has become reality — albeit in a totally unexpected manner — and its ramifications still cannot be estimated, even several months after the beginning of the lockdown. One thing, however, is already clear, says Reinert. The consequences of the coronavirus pandemic will occupy our minds for a much longer period of time than many market players would wish.
However, he believes that despite all the current and future imponderabilities of real estate markets, as an investment location, Germany will enjoy more than just one advantage on the international stage.
The country’s political structures and legal framework are robust and underlined their e
