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Valuation of Real Estate in Germany

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Understanding German Real Estate Markets

Part of the book series: Management for Professionals ((MANAGPROF))

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Abstract

When evaluating real estate in Germany, German valuation experts often apply the German valuation standards. These conform to international valuation practice in many – but not all respects. In this chapter we will identify what is unusual about German valuation standards and introduce the German valuation methods: sales comparison approach, income approach and cost approach. As the main challenge for each valuation is the research, this chapter will also include information on where to find relevant market data.

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References

  • Bundesministerium für Verkehr, Bau und Stadtentwicklung (2006). Richtlinie für die Ermittlung der Verkehrswerte (Marktwerte) von Grundstücken (Wertermittlungsrichtlinien – WertR 2006).

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  • Bundesministerium für Verkehr, Bau und Stadtentwicklung (2010). Verordnung über die Grundsätze für die Ermittlung der Verkehrswerte von Grundstücken (Immobilienwertermittlungsverordnung – ImmoWertV 2010).

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  • Kleiber, W. (2010). Verkehrswertermittlung von Grundstücken. Kommentar und Handbuch zur Ermittlung von Marktwerten (Verkehrswerten), Versicherungs- und Beleihungswerten unter Berücksichtigung der ImmoWertV. Bundesanzeiger Verlag, 2010.

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  • International Valuation Standards Council (2011). International Valuation Standards 2011, London.

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Author information

Authors and Affiliations

  1. Ernst & Young Real Estate GmbH, Frankfurt, Germany

    Dietmar Meister & Kerstin Dressel

Authors
  1. Dietmar Meister
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  2. Kerstin Dressel
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Editor information

Editors and Affiliations

  1. , DB Research, Deutsche Bank AG, Taunusanlage 12, Frankfurt, 60325, Germany

    Tobias Just

  2. Von-Melle-Park 5, Hamburg, 20146, Hamburg, Germany

    Wolfgang Maennig

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© 2012 Springer-Verlag Berlin Heidelberg

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Meister, D., Dressel, K. (2012). Valuation of Real Estate in Germany. In: Just, T., Maennig, W. (eds) Understanding German Real Estate Markets. Management for Professionals. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-23611-2_8

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