When most people think of the cities of Europe, London, Paris and Barcelona spring to mind, for living in as well as buying property. As a result, this tends to push their property prices up given the investor demand. But Europe is a huge continent with lots of bustling cities when plenty of potential if you are willing to look further afield.

One of these cities is Hamburg, which is Germany’s second largest city after its capital Berlin. Traditionally, Germany has not been a priority market for overseas property investors based in Asia. Most usually look at the UK, Australia and the US when it comes to purchasing a second home or an investment property overseas.

But more discerning investors have been looking at Germany as a way to diversify their property portfolios and improve their yields. Germany is also seen as lower risk than other markets like the UK post-Brexit. It also has the largest and most stable economy in Europe accounting for 20% GDP of the European Union (EU), which helps provide strong support for its real estate investment.

Plus Hamburg, along with other German cities of Frankfurt and Munich are regularly ranked in the world’s most desirable places in the world to live.



Strong backdrop

Did you know that there usually a shortage of suitable properties available in Germany? This is because it has strict housing policies that only allow a limited number of new-build constructions each year, restricting the housing supply. This also mean there are no wild swings in property prices but more stable and sustainable growth instead.

Germany has a very accessible education system with free education provided up to high school and no general tuition fees for public universities. At the same time, many German universities are ranked as some of the best in the world and more foreign students are now studying there. This opens up opportunities for graduates to work there, and across other parts of Europe.

It may come as a surprise but in Germany many people prefer to rent rather than buy. It is heavily embedded in the German culture. This strong demand for rental properties means there is a strong Buy-to-Let market which offers a steady source of income to property investors.


Why Hamburg?

Hamburg has around 1.8 million inhabitants and is both a city as well as a state. The metropolitan area is seven times greater than Paris and two and a half times greater than London. As a result, Hamburg has the largest average living space of all major cities in the world, leading to high standards of living and housing.

The city is known for its beautiful tree-lined waterways and lush parks. In fact, Hamburg boasts 2,302 bridges, which is more than Venice combined with Amsterdam.

On the economic front, Hamburg is a huge gateway to the world and home to Germany’s largest port. This has helped make it an extremely international and culturally-diverse city that has attracted more than 3,500 international firms and employers.



City in a city

Within Hamburg, a mini city called ‘HafenCity’ is being developed as part of its maritime district. More than 7,500 residential units for around 15,000 residents are being built, as well as business premises offering in excess of 45,000 job opportunities (of which 35,000 will be in offices), plus educational institutions, restaurants and bars, retail, cultural and leisure amenities, with parks, plazas and promenades – after overall completion, 80,000 visitors per day are expected.

This exciting project started in 1997 and is expected to be finished by 2030. This has opened up the number of properties available for purchase in Hamburg and its Buy-to-Let market is starting to flourish.

JLL is selling a unique complex within HafenCity called Roots. The residential tower is 19 floors high and the tallest wood hybrid building in Germany. The development is also home to the German Wildlife Foundation, and includes a museum and restaurant while sitting in a waterfront location.

Along with panoramic views over the River Elbe, buyers also enjoy guaranteed rental yields should they choose it as an investment property. These all make a very strong case to put Hamburg and the newly-developed Hafencity on your property radar.

To find out more about property investing in Germany sign up to our livestream event on Facebook on 18 March.

17 Mar 2021



• Why Germany is one of Europe’s top performers.

• Berlin Update: Art of luxury living in Germany’s capital (most prestigious location).

• Investment opportunities in Berlin’s new iconic residential development: Am Tacheles

• How to buy and finance real estate in Germany.

• Q&A



• Serkan Göcmen, Director Residential Development International Relations, JLL

• Amir Rothkegel, Managing Director, ATR Development

• Osman Nyei, obn German Mortgage Advisory

• Volker Mauch, vpmk Attorneys

24 Aug 2020

Berlin, 16th July 2020 – JLL and Savills have been appointed as international selling agents for the new urban quarter, AM TACHELES, one of the most exciting mixed-use projects in Berlin. 

Located on the former Kunsthaus Tacheles in the Mitte district, this historical landmark is set to become a new cultural hub in the city with 133 apartments and penthouses, office space and a range of shops and restaurants.

Designed by world-leading architectural champions -  Herzog & de Meuron, Grüntuch Ernst Architekten and Brandlhuber + Muck Petzet -  the five distinct residential buildings combine striking design and world-class facilities. Owners will have access to a concierge service and a health club and spa with private gardens, swimming pool, saunas and fitness rooms.


Thomas Zabel, head of residential development Germany, JLL, said,

" AM TACHELES historical legacy is getting new life. The project's charisma reaches beyond the city of Berlin, enjoying strong interest worldwide. AM TACHELES has always fascinated people from near and far. The project appeals to people interested in culture, Berlin connoisseurs and architectural enthusiasts. We are delighted to be part of it."


Prices at the Residences at AM TACHELES start from €567,000 for a one bedroom apartment.


Interested to know more? Join the online preview on 29.07.2020 at 5pm (SGT)

Register here



03 Feb 2021

Aerial view of Eden in Frankfurt, Artist Impression


Consumer tastes have shifted and the average person now wants more than just a home; they want a healthy and attractive living environment. In Singapore it is common to allocate a plot of land for a communal ground garden but this could be costly in terms of maintenance, watering, trimming and labor.

So, is there a better option?


Living walls, also known as vertical gardens, have been a feature in hotel lobbies, office foyers, and shopping centers around the world for some time.

There has been a noticeable growth in the popularity of indoor living walls as numerous housing projects around the globe now strive to have an aspect of horticulture.

But a complete high-rise residential building with a green living facade?


A vertical garden, green wall or moss wall are pretty much the same thing – plants that grow on a vertically suspended panel by using hydroponics.

These unique structures can either be freestanding or attached to a wall.

They’re useful as well. Exterior vertical gardens cools buildings, they take up less space than a normal garden, and they help to remove carbon dioxide while clearing the air of man-made pollution such as motor vehicles and factory fumes.

A fact well established is that of horticultural therapy - contact with nature improves the mental and physical health of individuals and communities, which should be especially soothing after a draining and demanding day.

They even extend the life of a building’s façade! These numerous advantages increase the overall value of the property.


The Tallest Vertical Garden in the World

A prime example of vertical gardens tying into condominium projects is Frankfurt’s EDEN. Jointly designed by Helmut Jahn from Chicago and Magnus Kaminiarz & Cie from Frankfurt, the 27-story EDEN residential tower fits in perfectly with the city’s green philosophy and the facts speak for themselves: EDEN will feature a total of 186,000 plants over an area of almost 2,000 sqm (as 20% of the façade).


Most of the plants will be planted on the building’s exterior facade, creating a striking and highly visible green wall that is sure to amaze passers-by and visitors to EDEN. In the lobby, a 37 sqm living wall will create the feeling of an urban jungle in the heart of the city.


Eden Lobby, Artist Impression


According to Christiaan Bakker, specialist for green exterior wall systems at Sempergreen, the 98-meter EDEN residential tower in Frankfurt will be the first 70-meter-plus building in the world with a green facade.


Automated and Efficient Technology


When it comes to looking after the plants, vertical garden experts have developed efficient solutions in recent years.

Tending to the plants’ needs is now largely handled by automatic systems: Irrigation and nutrients are supplied with the aid of small drip lines and an irrigation computer. The plants can be monitored around the clock from an off-site control center.


The technological sophistication of the system is certainly impressive. Christiaan Bakker explains:

“The irrigation system installed on the roof automatically supplies water and fertilizer to the plants for a few seconds at a time. At night, the system pauses because the plants rest. Sensors in the panels monitor moisture levels and allow us to check fill levels via computer.”


The vertical gardens even have their own frost protection system. As soon as there is a risk of frost, the system switches itself off and ensures that the water drains off before it can freeze in the pipes.


Balcony in EDEN, Artist Impression


Creating Green Urban Spaces

With such a truly innovative project as EDEN, it was important that the architects and green facade specialists worked in perfect partnership.

The considerable weight of the planting system, the complex network of water pipes and the space for drainage all needed to be expertly integrated into the building’s planning from day one.


In addition, the plants are chosen with the utmost care. In the case of EDEN, the plants are individually selected for the project and planted a year in advance on precision engineered panels before being attached to the building with the help of a gondola.

“Given the height of the building, the installation is of course more time-consuming than with other green facades,” explains Bakker.


EDEN is truly a project of superlatives. For the green facade specialists at Sempergreen, the vertical gardens are more than just a business:

“Our cities are growing and we need to make more space for greenery. Vertical gardens are an ideal, and very necessary, solution as we seek to create more green spaces!”


Frankfurt: metropolitan vibe in harmony with green serenity

There is hardly another city in the world so perfectly suited to the combination of vertical gardens and high-rise architecture than Frankfurt.

The metropolis on the Main River is rightly famous for its exciting skyline. Urban greenery is also deeply rooted in the city’s DNA – in the truest sense of the word.

One of Frankfurt’s preeminent garden architects, Franz Heinrich Siesmayer, created the famous Palmengarten 200 years ago. In total, he is credited with having designed and landscaped more than 300 parks.

Greenery has always played an important role in Frankfurt’s urban planning: the miles of green belt running around the city’s core and more than 40 urban parks make a valuable contribution to creating a balanced urban climate. More than 52% of the city’s urban area is green.


EDEN, Frankfurt. Artist Impression


Find out more about EDEN by clicking here.

05 Jun 2020

Alexanderplatz, Berlin, Germany



On every investor’s short-list of the globe’s safest harbors for capital is Germany, renowned for its steady local and national governance, strong property rights, low national debt, trading surpluses and solid economy. In prudently diversifying an investment portfolio, exposure to Germany is always a front-running option.


Of course, even buying German property involves some measure of risk, and challenges on the path the profitability.

Moreover, due to German capital gains taxes that expire after a 10-year hold after purchase, a long-term investment is advised.  And the “low-hanging” fruit days are over in Germany—housing prices in many German cities are up 80% from the Global Financial Crisis of 2008. Germans and the world have recognized the strengths of Teutonic property.

That said, housing has been and promises to be among the most-secure and profitable pathways to profit for offshore investors in Germany, most notably in Berlin and Frankfurt.


Tight Housing


Despite the rising prices, the housing supply in Germany remains constrained by regulations and local property rules, as is common in developed nations. 

Indeed, German Chancellor Angela Merkel, facing reelection, recently said that the nation urgently needs 1.5 million additional units, but redress is hardly certain.

Homeownership rates in Germany are below European averages, a legacy of Germany’s past, and the history of East Germany.  In general, Germans may migrate into higher homeownership rates in the years ahead, another positive for housing markets.

Berlin, the nation’s capital and largest city, is at the epicenter of the new Germany, attracting professionals, tech-businesses and start-ups, and favored by a growing population—a far different picture than one of an “aging Europe.” 

Through 2030, Berlin population is projected to grow at 3% annually, outstripping new housing supply—indeed, in the last year 50,000 people moved into Berlin, but only 9,046 housing units were built.

Wages are rising. With scant vacant housing, average apartments in Berlin sell for about S$3060 per square meter, and are rising annually.



Foreign Investors


For investors moving to Germany for work or to live, the German financial system is remarkable in that lenders will finance up to 100% of house or condo purchase price.

But for investors who stay offshore, lenders will finance only up 60%, thus requiring a 40% down-payment from foreigners. That results in a long-term tie-up of a substantial chunk of capital.

Also, one of the challenges in Germany is that income made from letting any German property is subject to 14% to 45% income tax. However, mortgage interest, management fees and any value depreciation are all tax-deductible.

Also, German banks are known for thoroughness in documenting income and to whom they are lending.


Still a Buyer’s Market?


Despite recent appreciation, Berlin remains one of the world’s more-affordable global business centers. The total costs of renting office and living space in Berlin posted at $31,100 per employee per year, against $111,900 in New York, $108,200 in Hong Kong and $95,900 in London, according to a recent survey by a major property-brokerage. For a multi-national corporation seeking a European regional operation headquarters, Berlin is a natural choice, and will remain so for the foreseeable future.



Frankfurt is Germany’s financial center, home to the nation’s stock and bond exchanges, and its growing financial technology, or “fintech” sector.

Some investors speculate that Frankfurt, home to the European Central Bank and such commercial bank giants as Deutsche Bank, will attract new professional migrants if London recedes as a global financial capital, due to the “Brexit, or Great Britain’s departure from the European Union.

With about 736,000 residents, Frankfurt has a housing shortage of about 50,000 units, and a very tight residential vacancy rate of 1.5%. Apartments in Frankfurt sell for about S$2,700 per square meter, and prices rise annually. Like Berlin, Frankfurt is much less expensive than most other global cities.

Berlin and Frankfurt, with relatively inexpensive housing and business rental costs, yet with First World amenities, and growing economies and populations, present peerless opportunities for security and appreciation to global investors.


Buying an apartment in Germany


1. You decide to buy a property in Berlin with a price tag of €1 million.

- You will need to pay €60,000 in real estate transfer tax and a Notary and registration fee of about €15,000.  Thereafter you can expect to pay a small amount in property tax.

- Buyers brokerage commission anywhere from 3-7%

- Legal fees of 1%


2. If you remain offshore from Germany, you will have to put a 40% down-payment, or in the case of the €1 million property, €400,000 down.


3. In general, letting fees include a one-off payment of 1.5 times a property’s monthly rent to find a tenant and a monthly management fee of around €20.


4. Income made from letting German property is subject to 14% to 45% income tax, but mortgage interest, management fees and any value depreciation are tax deductible.


5. Importantly, no capital gains tax is payable if you hold a German property for more than 10 years. Thus, buying for the long-term becomes the desirable option for German real estate—and a prudent course, as the prospects are so favorable for Berlin and Frankfurt residential properties.


For further information contact JLL International Residential directly at +65 6220 3888 or internationalresi@ap.jll.com 



Why Germany? The destination of choice for Singaporean investors



05 Jun 2020

The Steglitzer Kreisel, 120 metres high, is being brought into a new era with state-of-the-art architecture and technology. Glass, steel, aluminium and a lean silhouette make it the tallest already build residential tower in the city – and the most elegant.

It offers 29 floors of what can only be described as a living experience with breath taking views stretching far across the city. ÜBERLIN.



For further information contact JLL International Residential directly at +65 6220 3888 or internationalresi@ap.jll.com 


Why Germany? The destination of choice for Singaporean investors       


Residential City Profile Berlin - 2nd half-year 2017

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06 Dec 2018

Traditionally, Germany has not been a priority market for Singaporean overseas property investors. Most Singaporeans usually look at the UK, Australia and the US when it comes to purchasing a second home or an investment property overseas.

However, in the space of the last few years, more and more discerning investors have been increasingly looking at other countries such as Germany, as they look to diversify their property portfolios and mitigate risk.


With the current uncertainties in the world, such as the sentiments around Brexit and the ongoing trade issues between the US and China, many investors in Asia are naturally looking towards less volatile, safe haven markets to invest in.


  • ✔ Germany has the largest and most stable economy in Europe accounting for 20% GDP of the EU, and fundamentally provides an exciting backdrop for real estate investment.


  • ✔ Germany is one of most politically stable countries in the world, with a strong government that aims to promote continuity, stability and sustained growth in the country.


  • ✔ Germany has a well-established housing market which offers attractive returns with lower risks. A PricewaterhouseCoopers (PwC) survey titled ‘Emerging Trends in Real Estate Europe 2018’ named the German capital, Berlin, as ‘the most desirable city by investors’ for the fourth consecutive year.


  • ✔ Along with Berlin, three other German cities - Frankfurt, Hamburg and Munich - were ranked within the top ten most desirable cities in the world to live in.


So let's have a closer look at why Germany is probably one of the most attractive places in Europe to consider investing in right now!


Is it a safe investment?

With the highest GDP and the largest population in Europe, Germany boasts a well-established market with a diverse, highly developed economic, cultural and social framework.

The ‘Made in Germany’ label is well-known for the highest quality. Together with the US and China, Germany is one of the world’s top three exporting countries, making it a favourite destination for international investors. And, because of its progressive educational, work and social policies, Germany has one of the lowest unemployment rates in the world.

Property values in Berlin have increased over the past 18 months, generating €9 billion in property deals in the first three quarters of 2017 alone, making this country Europe’s second most active market after London.

Why has there been a recent increase in interest in properties in Germany? There are many reasons, including the current political and social changes that are now sweeping across Europe.


Is the growth sustainable?

There is usually a shortage of suitable properties in Germany. Germany’s strict housing policies only allow a limited number of new-build constructions each year, contributing to the restriction of the housing supply. This prevents speculative developments, like in many other areas around the world, which tend to drive prices downward.

Although there has been a dramatic increase in property purchase prices and rental rates, especially in cities like Berlin, industry watchers believe that this growth is sustainable due to good management practices in place, as well as a strong focus on the renovation of existing properties.


What about urban infrastructure?

With a high number of established, historic cities and urban areas - more than 70 German cities have more than 100,000 inhabitants each - the country has a great infrastructure, an important consideration when it comes to the attractiveness of a location.

German cities offer a holistic mix of residential and commercial areas, pleasant public spaces and highly efficient transport, resulting in a quality of life that is one of the best and safest in the world.

The search for a good work-play balance is shaping many cities and urban areas in Europe. The boundaries between work and lifestyle are increasingly overlapping, but German cities are well-poised to embrace these changes for future generations.



Can my kids study in German universities for free?

Buying an overseas property is both a great investment and a way to provide the comforts of home to children studying in university. German people believe education should be free. Therefore, many public universities in Germany offer tuition-free university education for both domestic and international students. More and more Singaporean parents are choosing to send their children to study in German universities, which are ranked as some of the best and most prestigious in the world.

For example, Munich’s Ludwig Maximilian University, founded in 1472, is one of Europe’s best research universities, with 34 Nobel laureates associated with it. In Heidelberg, the University of Heidelberg has been associated with at least 33 Nobel prize winners, and is one of the most popular universities in Germany for foreign students. It has a student population from at least 130 countries worldwide.

Its progressive educational policies and quality vocational training has resulted in Germany having one of the lowest unemployment rates in Europe and the world, as well as having a highly skilled workforce that will continue to drive its vibrant economy.


How about long term visas for non-EU nationals?

To further drive the German economy, the German Residence Act allows qualified foreign investors and entrepreneurs to obtain long-term ‘D’ visas and temporary two- or three-year visas, which can be prolonged into permanent residence status with a minimum investment of €200,000 to 250,000 (2017) in the country.

Family members of visa holders also get residency status in Germany, and can also qualify for German citizenship after eight years’ residency in the country.  Germany is also a member of the EU, which allows its citizens and residents free trade and passport-free movement between its 28 member states.

Thus, buying in a property in Germany is not only one of the best investment decisions a Singaporean investor can make in terms of long-term returns, but it also opens up the doors  for you and your children to be able to live and work freely in any country in Europe as well!

So as you can see, there are many reasons to invest in German properties right now. Where do you start? As with any investment, the best approach is to do your research, and get as much relevant information as possible before you make any decisions. Read our Investment Guide or talk to a real estate professional who specialises in overseas property investments, and they can guide you in making the best decisions for yourself and your family.


View investment properties in Germany

Schedule a meeting with our real estate agent here



For further information please contact JLL International Residential directly at +65 6220 3888 or internationalresi@ap.jll.com 

05 Jun 2020

Financial Times reported that Germany had overtaken the UK as Europe's favorite destination for overseas real estate investment since Brexit. A data from Real Capital Analytics shows that some €13.6 billion was committed to the German property market compared to €10 billion for the U.K.


For years, the U.K. Australia and New Zealand, have been the go-to destinations of foreign investors. However, current issues over these traditional markets made buyers look elsewhere.

In the U.K., for instance, uncertainties over Brexit leave investors in a "wait and see" mode.  In New Zealand, the government passed legislation banning foreigners from buying homes. Then there's the Australian property market which is suffering from its worst performance since 2012. 

It's no wonder, countries like Germany is becoming a much safer haven to overseas property investors.

In 2017 alone, the residential transaction in Germany totaled €17 billion (SGD 27 billion) or 25% higher than last year, according to Jones Lang LaSalle (JLL).

Financial Times reported that Germany had overtaken the UK as Europe's favorite destination for overseas real estate investment since Brexit. A data from Real Capital Analytics shows that some €13.6 billion was committed to the German property market compared to €10 billion for the U.K.


Lisette Van Doorn, Europe's chief executive of Urban Land Institute, explains:

"With considerable political and economic uncertainty in Europe, many real estate investors are willing to sacrifice some yield in return for lower risk. In this risk-off environment, the stability of German cities becomes even more attractive.” (Source: Financial Times)

While Berlin and Munich might be the safest bet for most overseas buyers, another city promises a better investment opportunity due to its superior location, an excellent workforce, booming population, and impressive architecture.


Welcome To the “Ten Minute City”  

Düsseldorf, Germany’s 7th largest city, is the center of direct foreign investment in the country with more than 9,540 foreign firms led by the Netherlands (581), U.S.A. (431), the U.K. (405), China (385), and Switzerland (268). (Source: FDI Intelligence).

This outpour of foreign investment has translated to 60,800 jobs in 11 years. Düsseldorf is home to more than 45,000 foreign workers, making it one of the largest employer of overseas professionals in the country.

The expat community loves this city. A survey from expat network InterNations reveals that Düsseldorf ranks 4th worldwide as to the quality of life and career opportunities.

Population growth is also on the horizon as the city expects 40,000 new households by 2040 (Source: IP Global)

As this uptrend continues, demand for rental properties will also increase. As of 2017, the vacancy rate is only 1.5% which is very low compared abroad.


Another reason why Dusseldorf is a smart investment option for overseas property buyers is its location.

Situated in the heart of continental Europe, Düsseldorf features a vast network of highways allowing travelers to reach Brussels or Amsterdam in only 2 hours and Paris by 4 hours. Also, with an average of 189 minutes, Düsseldorf has one of the shortest average travel time to major cities in Europe.



The Düsseldorf Airport, Germany’s 3rd largest airport, is so close to the city, it only takes 10 minutes to reach top tourist attractions like Königsallee and the Old Town district.

Residents even marvel at how convenient it is to travel from one place to another.

“Düsseldorf is often referred to as ‘the city of small distances.’ One of the real advantages for frequent travelers like me is that it’s easy to access the airport by car and public transport” says Michael Reinartz, director of Innovation at Vodafone, in an interview for FDI Intelligence.

Considered as Germany’s fashion capital, the city features high-end retail centers like the Kö, the Kö-Bogen, Schadowstraße and Flinger Street. It is also home to a growing start-up sector like travel company Trivago.


Where to Invest In Düsseldorf?

Few places in Düsseldorf can offer luxurious living and first-class investment opportunity than WinWin - a residential building located in the city’s Medienhafen or Media Harbor.



This building is composed of two, 60-meter towers and 400 apartments.

Architects Kister-Scheithauer-Gross designed the building which features floor-to-ceiling windows, smart ventilation technology, a roof garden, underground parking garage, a 24-hour concierge, in-house restaurants, and a fitness studio.



Thanks to the area’s tram and road links, WinWin residents are only minutes away from shopping districts, bars, and international offices.

Among the well-known companies which reside around WinWin are Accenture, Ogilvy & Mather Advertising, Trivago, and Uniper SE.


Due to its strategic location and high-end amenities, property investors can expect a high rental yield for years to come.

For instance, a 76 sqm. unit has a monthly rental income of €2,292.61 (SGD 3,659) or a 3% initial gross yield. Meanwhile, a 34 sqm. studio unit has a monthly rental income of €776 (SGD 1,237) or a 2.83% initial total yield. Take note that the average return in Düsseldorf is roughly 2.6%.  



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For further information please contact JLL International Residential directly at +65 6220 3888 or internationalresi@ap.jll.com 



18 Aug 2020

The half-yearly publication provides a detailed market analyses of the residential property market in Düsseldorf. All relevant parameters for the market analysis are presented in detail and are broken down into the individual districts. Supported by charts and tables, the series provides a unique overview of the most important residential markets in Germany.

Tables and charts: Economic, demographic and jobs-related indices; number of private households and residential buildings per district; residential property stocks and vacancy rates; stocks, completions, average building sizes and vacancies per district; residential property clock and rental price bands per district; rental prices for building periods and unit sizes per district; purchase prices and purchase price bands per district; selected transactions; rental price maps of the districts.

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05 Dec 2018

The European residential investment market continues to grow at an impressive rate and this year the market has seen significant growth in demand from a wider range of global investors. Investors are attracted to the stable income profile, improved diversification and possibilities of building scale in the long term.

Our market report highlights current trends at a national and international level, anticipating a number of key developments in the year ahead.


Key highlights include:

• Investment in European residential totalled €43 billion in 2017, a rise of 13% YOY. This includes: stabilised assets, development deals as well as corporate transactions.

• The market has continued to experience a growth in demand from a wider range of global investors attracted to the stable income profile, improved diversification and possibility of building a residential platform. This appetite is expected to grow unabated for the foreseeable future.

• Peripheral markets such as Denmark, Spain and Ireland saw significant growth in investment volumes as investors targeted opportunities in emerging markets.

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05 Dec 2018