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Insights on the German Property Market: Key Trends and Future Challenges

The German property market is a significant sector, comprising approximately €9 trillion in net asset value, representing 22% of all enterprises and employing 10% of the workforce. Private owners make up about 77% of the dwelling stock, investing over €73 billion annually, a substantial portion of the construction sector's turnover. With demographic shifts and urban challenges, including a shrinking population and a growing number of seniors, the market faces pressures on rents and empty apartments. Initiatives for generational accommodation and energy modernization are critical for future sustainability.

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Insights on the German Property Market: Key Trends and Future Challenges

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  1. The German Property Market 41th UIPI Congress, Vienna RA Dr. Kai H. Warnecke Haus & Grund Deutschland

  2. German real estate sector • Net Asset Value: approx. 9.000.000.000.000 € • 22% of all German enterprises • 10% of all employed persons • 7.5% of the national business volume (turnover) • Annual gross value added: approx. 389.5 bill. €

  3. Private owners in the German real estate sector

  4. Owner occupiers in international comparison

  5. Private owners in the German real estate sector • Private owners represent approx. 77 % of German dwelling stock • Private landlords and owner-occupiers invest more than 73 billion Euro annually • This is about 36 % of the turnover of the construction sector with it’s 2.2 million employees.

  6. Perspectives (I.): households (number and size) Forecast: 2030: 41,1 households / 43,4 % single

  7. Perspectives (II.): population

  8. Consequences (I.): rents ~ -4½ %

  9. Consequences (II.): empty apartments

  10. Challenges (I.): city development • Shrinking population (- 13,5 mil. until 2050) • Re-development of inner city quarters • Involvement of private property owners • Subsidies by BMVBS / Launch of KiQ

  11. Challenges (II.): conversions for seniors • Raising number of seniors • 2005: 32 p. retired per 100 p. labour force • 2030: 52 p. retired per 100 p. labour force • need for conversion for seniors • 2011: only 1% of all units are suitable for seniors Haus & Grund clubs and KfW run study projects

  12. Challenges (III.): energetic modernisation • Raising prices for gas /oil • Renewable energy are enforced by law (4 level) • Haus & Grund lobbies • Great success: Change of tenancy law

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