Economy: The economic activity of Europe’s largest economy is expected to leave its recent phase of weakness behind in 2020. Support for this is derived from an appropriate fiscal policy and the ECB’s sustained very expansive monetary policy. Geopolitical risks and international trade conflicts will remain a dominant topic in 2020 as well.

Investment Market: Strong demand on the German investment market is not letting up. Alternative asset classes offering attractive yield profiles are also increasingly popular.

Office Real Estate: The workplace as an expression of employees’ own personal lifestyle and the flexibilization of a company’s portfolio of space characterize developments on the market.

Retail Real Estate: Mixed usage and complementary offerings that create value added for the customer are playing an increasingly important role in the eyes of investors, owners and retailers.

Logistics Real Estate: The logistics real estate market is proving robust despite supply shortage. A dynamic year-end rally suggests a similarly strong year in 2020. Diversification in the strategies of investors and users is serving to stabilize the high level of the rental and investment market.

Residential Real Estate: The German residential investment market is currently undergoing a few changes but is still a stable segment for domestic and international investors.

Hotel Real Estate: The hotel industry remains stable with healthy operating figures. Digitalization and the blurring between leisure, living and working are increasingly becoming key factors defining the hotel sector.

Healthcare Real Estate: With their fundamentals and relatively low capital value compared with established asset classes, healthcare properties are attracting greater attention from institutional investors.