a view from Qatar

An article from Qatar…According to several studies, the German housing market still provides positive cash-flow development and increase in rents and prices. Despite the financial crisis, the residential real estate markets in the major cities of Germany are performing very well, and international investors are looking forward to increasing their investments in the market this year”.

High demand for properties in Germany
Web posted at: 7/6/2009 0:18:23
Source ::: The P
eninsula

Doha: The first real estate investment meeting of Engel & Völkers held at the Sheraton Doha in Doha, last Monday. The conference focused on prime residential buildings in Germany and was set up to introduce local individuals and investment companies to the German housing market.

Engel & Völkers invited Frank Simon, Chairman of Trend Capital – a German based international investment group, Thomas Fischer of Beiten Burkhardt – an international law firm and Martin Loetzer — a representative of the German Embassy, to attend the event as guest speakers and provide insider ‘know-how’ about real estate investment in Germany, as well as preferred transaction structures and legal proceduresAlexander Hartmann, Investment Advisor at Engel & Völkers in Doha provided an inside view on the German real estate market specifically focusing on the housing sector.

According to several studies, the German housing market still provides positive cash-flow development and increase in rents and prices. Despite the financial crisis, the residential real estate markets in the major cities of Germany are performing very well, and international investors are looking forward to increasing their investments in the market this year.

This is reflected in the increasing amount of concluded transactions since the beginning of 2009. A special focus at the event was given on tax issues and visa applications. Most of the participants were private investors looking for a unique investment with stabilized income on a long term basis, and representatives of local and international investment companies.

“We create the best business connections, allowing you to make the best business decisions.”  Christof Birkhofer, Managing Director of Engel & Völkers Qatar said. “With a unique position in the complex commercial and residential property market, our network is ready to work to your advantage, especially in the crisis. When it comes to seeking advice on your property decisions, we can provide you with the right advice” he added.

Trend Capital a German investment fund, explained why they have split their real estate investments between the UAE, Qatar, India and Germany. “Especially in Germany, we have started to structure secured investment portfolios”, Mr. Frank Simon told the audience. “The stable market and the low interest rates are the perfect environment.”

The Qatar market has a high future potential, that being the primary reason for Trend Capital to invest. They recently purchased over 60 apartments on The Pearl.

These investments are not comparable to what was shown at the event. The properties shown by Engel &Völkers were small apartment buildings in Munich, Berlin or Hamburg starting from QR5,000,000. The properties were offered with up to 65 percent financing for non-Germans and an interest rate of approximately four percent.  Fully rented for years with returns between five percent and 10 percent, it sounded like a bond. The crisis and the new styles of investment thinking may be the drivers behind the world wide demand for the investments presented at the meeting.

“With this, the first of our regular investment meetings, we look forward to providing our clients with a regular meeting place for discussion with us and our guests, as well as for gathering new information on upcoming trends in the real estate sector,” Birkhofer explained at the end of the meeting.

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