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German property refurbishment market to reach EUR244bln, says IVG

Posted on 23 August 2011

Investors’ continued appetite for new-build prime is “completely out of sync” with Germany’s real estate stock, according to a report published today by IVG. Instead, they should be looking at refurbishment projects that could be worth €244bn over the next five years.
High-profile conversion projects currently account for 1.5% of the German real estate inventory. The ‘Research Lab’ report said: “The big picture, meaning the remaining 99%, is often overlooked.”………………………………………Full Article: Source


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