PIE Events
- German Property Breakfast
14 February 2012
Stockholm
- Distressed Property Breakfast
22 February 2012
London
- Central and Eastern Europe Real Estate Conference
03-04 May 2012
Vienna, Austria
German compulsory housing auctions decline, but seen rising again soon
The number of compulsory auctions of residential and commercial property in Germany fell in first half 2009 against 1H08 by 2.8% to around 44,719 worth some e7.71bn of market value, according to the Ratingen-based Argetra company. Berlin was an exception. Very strong demand for residential property in Berlin caused fall of no less than 20% in the auctions there. "Value falls in the East seem at least to have halted," Argetra said.