The property asset class has gained massively in importance in global asset management. From the perspective of international investors, Germany in particular appears to be a safe haven. The real estate sector is on a sustainable growth path: low interest rates, migration and urbanisation, moderate construction activity, technological change. In this combination, these are unprecedented, excellent conditions for growth.
New record transaction volumes have been reported every year recently. The refinancing structures have developed further. The property share is established. The sector is firmly anchored in the DAX, MDAX and SDAX. In the debt capital sector, corporate bonds and convertible bonds are competing with traditional bank financing.