property transaction volumes had a positive • Across Germany EUR 110 billion put into real estate
• IVD evaluates sales figures for the first nine months of 2010 demand from
• Real estate as an investment The Real estate sales in 2010 has increased compared to last year. In the first nine months of 2010 private and commercial properties were implemented for a total of 110 billion €. This is the result an extrapolation of the real estate association IVD on the basis of the Federal Ministry of Finance raised land transfer tax revenue. Germany continued to increase the volume of transactions in the period by 10.2 percent over the previous year. In absolute terms this represents an increase of more than 10 billion €.
"The sales increases show that the interest has grown in real estate as an investment yet," said Jürgen Michael Schick, vice president and spokesman of the IVD. Recently, a study by the Center for Real Estate Studies on behalf of the IVD have shown that home ownership is currently very affordable. further, "many buyers took advantage of this opportunity to purchase a property for retirement or as protection against inflation," said Schick. In some states it, the forthcoming increase in the real estate transfer tax, an additional Motivation for buying property was.
In relation transaction is Berlin Champion 2010 by around 21 percent, the transaction volume in Berlin in the first nine months increased compared to 2009. "The Berlin property market is very active," said Schick. In total six billion euros to October have been implemented. Followed transaction champion Berlin of Thuringia, where sales have increased by 16 percent. Of around one billion euros to 1.2 billion euros, the real estate sales here are increased compared to last year. However, there were declines in sales in Hessen (-0.7 percent), Rheinland-Pfalz (-2.8 percent), Brandenburg (-17 Percent) and Saxony-Anhalt (-21.8 percent).
largest transaction volume in North Rhine-Westphalia With approximately 22.8 billion euros in North Rhine-Westphalia, the state with the largest real estate transaction volume. This represents a relative growth of 5.9 percent. Even for Bavaria and Baden-Württemberg were transactions in the tens of billions to be determined. With a volume of 21.6 billion euros, the Free State, just behind North Rhine-Westphalia and in its neighboring country, which comes to 16.6 billion euros. "In Relation of Baden-Württemberg with 11.6 percent growth in the nose but very slightly forward, "adds chic. In Bavaria, the volume increased by 11.2 percent. In Lower Saxony, the transaction volume was up 11.4 percent and rose to around 8.2 billion euros.
method to determine The so-called real estate transaction volume or sales of real estate covers all private and commercial real estate transactions, subject to land transfer tax. Since the vast number of transactions - with the exception of Cases of inheritance and gift taxes are subject, and share deals - this particular subject to sales tax on property sales, this statistic is an effective way to capture the annual real estate transactions.
Berlin, 4 January 2011
source IVD.
www.kestler-imobilien.de member of the IVD
