This year Britain made a significant event on the world and in particular the European arena, choosing its further political development.
Brexit has become a fairly discussed topic, and the referendum results for some were an unexpected development of events, for others a predictable outcome.
In turn, we are interested in the impact of the voting results on German real estate.
And now, after a few months, the first results can be summed up, as experts from Prime Germany Estate and a number of other leading investment and consulting companies expected, German real estate only benefited from this event. The result was an increase in the flow of investors and the growth of investment capital.
Germany without Brexit felt quite confident, investments are growing from year to year and if in 2010 the volume of investments amounted to 19.4 billion euros, then in 2015 it was already 55 billion euros.
The impact of Brexit on German real estate is well illustrated by Real Capital Analytics data on investment volume for the 3rd quarter of 2016:
Germany surpasses Britain for the first time in 4 years,
Investment volume amounted to 13.6 billion euros,
About 50% of investments are foreign,
in turn, Britain totaled 10 billion euros over the same period.
Investment companies also report an increase in demand for German real estate among Russian investors.
Of course, the situation in England acted as a certain catalyst for a number of investors in favor of Germany and the report for the third quarter of 2016 looks impressive, but after analyzing the upward trend in investment flow over the previous 5 years, it becomes clear that Germany would have taken over the palm anyway in the near future.