Germany: future trends and challenges for the real estate market 2021/2022
Dr Jochen Scheel
Frankfurt am Main
Dr Christian Hilmes
12 January 2022
In this video, Allen & Overy Partners Jochen Scheel and Christian Hilmes discuss the key trends they have seen develop in the German real estate market including the building investment pressure, the increased use of joint ventures and the longer term impact of Covid-19 on different real estate asset classes.
They consider the legal changes which will have a material ongoing impact on real estate investment in Germany from the impact of the recent federal elections, to ESG and sustainability initiatives and requirements relating to the procurement of affordable housing.
For investors with the right angle and appetite, Germany continues to be a stable and safe investment environment for profitable real estate investments.
Christian Hilmes, Partner
The change in the German Real Estate Transfer Tax laws has also had an impact. The window of opportunity to tax optimised share deals closed on 1 July 2021, but we are still seeing share deal transactions under the new RETT regime.
Jochen Scheel, Partner
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