Understanding German Real Estate Markets

  • Tobias Just
  • Wolfgang Maennig

Part of the Management for Professionals book series (MANAGPROF)

Table of contents

  1. Front Matter
    Pages i-xxxi
  2. Macro Environment

    1. Front Matter
      Pages 1-1
    2. Michael Voigtländer
      Pages 3-16
    3. Tobias Just, Philipp Schäfer
      Pages 41-57
    4. Guido Spars, Inès-Caroline Naismith
      Pages 59-77
    5. Christine Lemaitre
      Pages 89-102
  3. Judicial Framework

    1. Front Matter
      Pages 103-103
    2. Dietmar Meister, Kerstin Dressel
      Pages 133-145
    3. Wolfgang Usinger
      Pages 155-167
    4. Petra Lau
      Pages 169-188
  4. Tax and Subsidy Framework

    1. Front Matter
      Pages 189-189
    2. Joachim Krämer
      Pages 191-200
    3. Valentina Farle, Rainer Schmitt
      Pages 201-223
  5. Financing

    1. Front Matter
      Pages 237-237
    2. Frank Nickel
      Pages 239-256
    3. Klaus Elmendorff, Christian Schmitt
      Pages 257-277
    4. Steffen Sebastian, Till Strohsal, René-Ojas Woltering
      Pages 279-293
    5. Helmut Knepel, Thorsten Voss
      Pages 295-318
    6. Wolfgang Schäfers, Kai-Magnus Schulte, Alexander Scholz
      Pages 319-336
    7. Daniel Piazolo
      Pages 337-349
  6. Asset Classes

    1. Front Matter
      Pages 351-351
    2. Marcus Cieleback
      Pages 353-369
    3. Andreas Schulten
      Pages 371-385
    4. Olaf Petersen
      Pages 387-401
    5. Martina Fidlschuster, Christine Mayer, Philipp Linder
      Pages 403-422
    6. Daniel Piazolo, Justus Vollrath
      Pages 439-448
  7. Public Real Estate

    1. Front Matter
      Pages 449-449
    2. Eleonore Pöll
      Pages 451-471
    3. Hans Wilhelm Alfen, Sven Barckhahn
      Pages 473-490

About this book


In this book, experts discuss how German real estate values have remained stable throughout the financial crisis, even though transaction volumes have been very volatile since 2005. Consequently, risk-averse national and international investors have started to invest in virtually all German real estate asset classes. This book tries to answer what has made the German real estate markets more resilient to shocks than many European real estate markets by analyzing the economic, regulatory and demographic environment. In 30 well-structured chapters, experts from both the academic and professional world analyze structural and current issues of German real estate markets. Readers will get a deep understanding of what makes the German real estate market special and where potential opportunities and threats in Europe’s largest real estate market exist. 


REITs Real estate valuation German properties Rental law Real estate finance Heritage rights Demographics Commercial real estate Rental prices

Editors and affiliations

  • Tobias Just
    • 1
  • Wolfgang Maennig
    • 2
  1. 1.International Real Estate Business School (IRE|BS)University of RegensburgRegensburgGermany
  2. 2.University of HamburgHamburgGermany

Bibliographic information

  • DOI
  • Copyright Information Springer International Publishing Switzerland 2017
  • Publisher Name Springer, Cham
  • eBook Packages Business and Management
  • Print ISBN 978-3-319-32030-4
  • Online ISBN 978-3-319-32031-1
  • Series Print ISSN 2192-8096
  • Series Online ISSN 2192-810X
  • Buy this book on publisher's site