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31 May 2012
Frankfurt am Main, Germany
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20 June 2012
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German indices show real estate apocalypse called off, says King Sturge
Under the title, Apocalypse Called Off, King Sturge said the August reading on its German Real Estate Economy Index slowed its pace but still managed an upward climb. Positive evidence of a recession at bay was bolstered by the Real Estate Climate Index and the Real Estate Economic Situation Index, both based on hard data. "The anesthetising effect of the steep economic dip is beginning to wear off," said Sascha Hettrich, King Sturge Deutschland managing partner. "Even if it is too early to speak of lively business activity, larger deals and higher transaction volumes have brought the investment market back to life in recent months."