Download or read book The valuation of Real Estate in Germany written by Stefan Hocke and published by GRIN Verlag. This book was released on 2006-04-06 with total page 103 pages. Available in PDF, EPUB and Kindle. Book excerpt: Diploma Thesis from the year 2006 in the subject Business economics - Investment and Finance, grade: 1,0, Heilbronn University of Applied Sciences, language: English, abstract: Real estate is one of the most important assets. This is expressed in Germany’s national accounts where net construction assets are 86% of total net fixed assets.1In addition the usage of real estate belongs to the basic needs of people. Consequently the disposition of real estate regarding construction and acquisition contributes strongly to economical development of net stock of fixed assets within a national economy. However, in the valuation of property particular difficulties appear that complicate rational capital disposition. Basically, property valuation methods are difficult to apply or even fail in respect of rental income forecasts, assessment of risk and market orientation. Other influential factors originate from the heterogeneous character of properties and the complex structure of real estate markets. This work aims for the examination of codified and international property valuation methods in terms of their theoretical structure, practical application and critical aspects that influence a precise property valuation. In the following, principles regarding property valuation are introduced. This is followed by a detailed description of codified and international valuation methods. Subsequently all methods are applied on a real world valuation example that illustrates the methods and their applicability. Afterwards some decisive valuation methods are critically reviewed regarding their methodology, applicability and marketability. In summary the reader is given a classification in form of a matrix that is based on the aforementioned criteria. Further, some favourable components are identified that are complemented with recommendations for the use in practice.

Download or read book Understanding German Real Estate Markets written by Tobias Just and published by Springer. This book was released on 2016-10-06 with total page 496 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this book, experts discuss how German real estate values have remained stable throughout the financial crisis, even though transaction volumes have been very volatile since 2005. Consequently, risk-averse national and international investors have started to invest in virtually all German real estate asset classes. This book tries to answer what has made the German real estate markets more resilient to shocks than many European real estate markets by analyzing the economic, regulatory and demographic environment. In 30 well-structured chapters, experts from both the academic and professional world analyze structural and current issues of German real estate markets. Readers will get a deep understanding of what makes the German real estate market special and where potential opportunities and threats in Europe’s largest real estate market exist.

Download or read book Understanding German Real Estate Markets written by Tobias Just and published by Springer Science & Business Media. This book was released on 2012-01-05 with total page 409 pages. Available in PDF, EPUB and Kindle. Book excerpt: Real estate is the biggest real asset class in an economy, and Germany is the biggest economy in Europe. This implies opportunities as well as specific risks for investors and policy makers. As the German real estate markets have by and large been spared severe disruptions in the course of the economic crisis, many questions arise for investors and academics alike. What are the key institutional characteristics of the German real estate markets that make it different? What are the short and long-term drivers of demand and supply? Which regional and functional market segments are most likely to outperform in the next few years? What are the most important pitfalls for investors in Germany? This book gives answers to these and many more questions. The editors have invited a broad range of extensively knowledgeable practitioners and academics from across the relevant real estate spectrum, i.e. economic, legal, tax, planning and financing issues, to express their views. There is no better English publication that gives such a profound and simultaneously entertaining overview of Germany’s real estate markets.

Download or read book Real Estate Investments in Germany written by Michael Mütze and published by Springer Science & Business Media. This book was released on 2008-09-10 with total page 376 pages. Available in PDF, EPUB and Kindle. Book excerpt: The German real estate market is in motion. Single real estates as well as parts of real estate portfolios are still projected and brought to the market to a great extent. In addition, the ownerships of big real estate portfolios are changing. In the light of this situation, this book guides foreign investors and project developers through the legal, tax and economical requirements for real estate investments in Germany in a practical manner.

Download or read book Investing in German Real Estate written by Florian Hackelberg and published by Haufe-Lexware. This book was released on 2021-02-02 with total page 423 pages. Available in PDF, EPUB and Kindle. Book excerpt: Investing in one of the most promising real estate markets in Europe offers enormous opportunities. And as with every real estate market, in Germany too, the local framework conditions must be understood and their particularities must be adequately taken into account. The authors are renowned senior executives, real estate advisors and academics, who share here their extensive experience and real life insights from countless real estate investments, covering all aspects of a successful investment process in Germany. Includes: markets, the regulatory framework and investment guidelines. Contents: - Essentials for successful real estate investments in Germany - Macro-economic structure and dynamics of the German real estate market - Real estate investment, trends and strategies - Diverse submarkets: residential, offices, retail, hotel and nursing homes - Real estate legal, tax and audit frameworks - German REITS and ESG in real estate investments - Real estate M&A, financing, due diligence and valuations

Download or read book Return Patterns of German Open End Real Estate Funds written by Sebastian Michael Gläsner and published by Peter Lang. This book was released on 2010 with total page 132 pages. Available in PDF, EPUB and Kindle. Book excerpt: The aim of this study is to better understand stable capital growth of German properties and to contribute to the explanation of stable fund returns. In the course of the investigation, evidence is found that both phenomena are interrelated. All analyses are based on publicly available data; therefore they are not limited by client interests. Results show three different pieces of evidence on return smoothing, namely the influence on valuation, the timing of valuations, and the influence on returns resulting in return differences by calendar months. Together with the notion of internationally uniquely stable returns, it seems impossible to extract true asset volatility from the observed appraisal-based time series.

Download or read book Investing in International Real Estate written by M. A. Hines and published by Bloomsbury Publishing USA. This book was released on 2000-10-30 with total page 305 pages. Available in PDF, EPUB and Kindle. Book excerpt: With numerous cogent examples from real estate markets worldwide, Dr. Hines makes it clear that investing in foreign real estate is by no means the same as investing domestically. She shows how, why, and when special strategies must be devised to enter the world market; conveys essential information on global investment opportunities; outlines career opportunities and advancement strategies in international investment; and provides insights into international business in the context of global real estate investing. Her focus on industrial, commercial, and residential real estate reflects both the major investment interests of world-class investment professionals and the diversity of real estate market conditions. Her book is thus an essential resource for professional real estate investors, teachers, and their graduate-level students. Dr. Hines focuses on the general investment strategies that successful and profitable international real estate investors have devised over many years and now follow assiduously. Readers gain knowledge of direct investment in industrial, commercial, and residential real estate and through the purchase of securities, such as real estate investment trusts and mortgage backed issues. After discussing basic international real estate differences and general acquisition strategies, the book moves to functional strategies, such as valuation, land development, construction, financing, and tax strategies. Dr. Hines concludes with a coverage of housing and shopping centers, office buildings, and industrial property investment—all of which allow readers to observe the differences among functional areas and then tie them to the differences among investments in various types of properties. Her book covers Western, Eastern, and Central Europe; East, Southeast Central, and South Asia; Africa in general, and Morocco in Northwest Africa in particular; plus the Middle East and North and South America.

Download or read book German Inheritance and Gift Tax Reform 2009 written by Carolin Braun and published by diplom.de. This book was released on 2009-11-03 with total page 95 pages. Available in PDF, EPUB and Kindle. Book excerpt: Inhaltsangabe:Introduction: Background and Subject of this Thesis: After long negotiations within the Grand Coalition (Große Koalition) and despite jurisdictional criticisms of numerous points, on 31st December 2008 the new inheritance and gift tax law (Erbschaftsteuerreformgesetz - ErbStRG) was published in the Federal Law Gazette (Bundesgesetzblatt), to become effective on 1st January 2009 just in time to avoid the need for retroactive regulations and the related discussions. This marks the end of the discussion about the future of the inheritance tax that has been started by the decision of the Federal Constitutional Court (Bundesverfassungsgericht - BVerfG) from 7th November 2006. The related uncertainity came to an end, at least for now. In its decision the Federal Constitutional Court states, that the discrepance between fair market value and valuation value for significant groups of assets (business assets, portions of coporations, real estate property and agriculture and forestry (AF) businesses) are violating the principle of equality of § 3 sec. 1 of the German Basic Law (Grundgesetz - GG). The legislative was obliged to define a new legislation in line with the constitution until 31 December 2008, latest. On 11 December 2007, the German Federal Government (Bundesregierung) finally agreed on a draft revision of the inheritance and gift tax law and the valuation law. The German Federal Parliament (Bundestag) passed the inheritance tax reform on 27 November 2008 in the 2nd and 3rd reading, during which the finance committee of the German Parliament (Finanzausschuss des Bundestages) made considerable changes to the original draft. The approval in the German Federal Council (Bundesrat) was obtained in the special session of the council on 5.12.2008, the approval of the Federal President (Bundespräsident) on 24.12.2008. Current Situation: In addition to the changes necessary for constitutional reasons, the central concern of the reform is to simplify business takeover by the successors. However, the legislator neither has had the courage to - as hoped by many - completely abolish inheritance taxation, not did he take the opportunity to perform a complete change of the inheritance taxation system which might become mandatory for constitutional reasons. The result is a compromise between of the various government parties: a law that amends the existing inheritance tax law on which it is based in a limited number of points. The new [...]

Download or read book Real Estate Valuation written by G. Jason Goddard and published by Routledge. This book was released on 2021-12-15 with total page 264 pages. Available in PDF, EPUB and Kindle. Book excerpt: Real Estate Valuation: A Subjective Approach highlights the subjective valuation components of residential and commercial real estate, which can lead to a range of acceptable property value conclusions. It discusses the causes of housing booms and goes in depth into the heterogeneity of commercial real estate property valuation via examples from owner-occupied, multifamily residential, hotel, office, retail, warehouse, condo conversion, and mortgage-backed security areas of real estate. Other topics explored include the role of machine learning and AI in real estate valuation, market participant value perceptions, and the challenge of time in the valuation process. The primary theoretical basis for the range of acceptable values and the subjectivity of property valuation focuses on the work of G.L.S. Shackle from the Austrian School of Economics. This illuminating textbook is suitable for undergraduate and master’s students of real estate finance, and will also be useful for practitioners in residential and commercial real estate.

Download or read book Germany Real Estate Yearbook 2010 written by and published by Real Estate Publishers BV. This book was released on with total page 212 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Rent Adjustment and Tenant Default in English and German Commercial Property Leases written by Jan Matauschek and published by Peter Lang. This book was released on 2010 with total page 240 pages. Available in PDF, EPUB and Kindle. Book excerpt: In recent years, real estate investment has witnessed an unprecedented internationalisation. However, national markets largely continue to be shaped by domestic law and local business practices. This book provides a comparison of the British and German property markets, which are Europe's most important, and discusses key elements of the economics of leasing. Applying the theory of long-term contracts and the economic analysis of bankruptcy law to leases, it examines in detail the regulations pertaining to rent adjustment and tenant default, which can substantially impact investment performance. The prevailing rent adjustment mechanisms such as rent review and indexation are discussed. A comparison is made of the remedies available to landlords of defaulting tenants under both jurisdictions.

Download or read book The German people s Property in the great war written by Ignaz Jastrow and published by Springer. This book was released on 2013-11-11 with total page 49 pages. Available in PDF, EPUB and Kindle. Book excerpt: The first edition of this pamphlet was issued under the titel of "Sacrifice of property and th~ people's property" ("Ver mogensopfer und Volksvermogen"), and the diseussion was confined to these two subjects ooly. After the publication of the first edition, the question of war indemnity came into the sphere of the treatise, and this caused the addition of a large 'appendix' and the corresponding change of the title. Charlottenburg-Berlin, February 1919. Nussbaum-Allee 24. The Authol'. Contents. (lag" 1 ntrod uctiOD: ObjectiQDs to the sacrifice of property, particularly on account of the calculation of revenue :) 1. Estimate of t.he German people's property before the war. Materials used up, and wear and tear. The arable soil . . - -. 7 2. R~djU8tments on account of the war. Concerns put out of work. New readjustments after the war. Transfer of location 14 3. Losses to German political economy in men. Reaction upon the value of plants. The hUDger blockade and its effects upon the hody. The German name discredited. Moral conditions . 16 4. The meaning of 'people's property'. Difficulties of t1e, finition and valuation. True meaning of numerical estimates . 22 5. The plan for the sacrifice of property is no longer based upon the calculation of revenue; the plan itself, however, is to be maintained unaltered. The financial bill to be presented to the National Assembly. . 32 Appendix: The people's property and war indemnity 35 Introdnction. Objections to the sacrifice of property, particularly on account of the calculation of revenue

Download or read book The dynamic method for real estate written by George Salden and published by Haufe-Lexware. This book was released on 2020-01-08 with total page 258 pages. Available in PDF, EPUB and Kindle. Book excerpt: If you want to avoid making bad investments in residential real estate, you have to abandon traditional market valuation methods. Their weakness is that they calculate the value of real estate by only selective means rather than over the entire investment cycle. This often leads to incorrect forecasts. With the Dynamic Method, George Salden presents for the first time an instrument that takes the dynamic value development of a property into account and thus creates a better basis for your investment decision-making. Contents: - Overview of valuation and real estate valuation procedures - The dynamic method in detail - The residential property in the capital marketExtra: - Access to the valuation software developed by the author (Testversion)

Download or read book Sustainable and Equitable Land Management written by Vida Maliene and published by vdf Hochschulverlag AG. This book was released on 2024-01-23 with total page 241 pages. Available in PDF, EPUB and Kindle. Book excerpt: Spatial Planning, Land Use Planning, Land Management Instruments, Urban Land Management, Urban Planning, Cadastral Development, Sustainable Mobility Transition, Public Value Capture, Geoinformatics This new volume of European Academy of Land Use and Development (EALD) contains broad view and interdisciplinary peer reviewed articles that inform the reader of most recent scientific investigations in Land Management. The spectrum of contributions cover: regulations, governance and implementation of land management along with assessment of relevant data. Some of the key highlights include various scientific and practical approaches, applied methods and systems together with a discussion and understanding of the government’s role in various European countries. Committed to sustainability, the articles entailed give evidence to Europe as an experimental ground for land management issues as well as allows for collaboration in pursuit of best practices.

Download or read book Taxing Immovable Property Revenue Potential and Implementation Challenges written by Mr.John Norregaard and published by International Monetary Fund. This book was released on 2013-05-29 with total page 43 pages. Available in PDF, EPUB and Kindle. Book excerpt: The tax on immovable property has been characterized as probably the most unpopular among tax instruments, in part because it is salient and hard to avoid. But economists continue to emphasize the virtues of the property tax owing to its relatively low efficieny costs, benign impact on growth, and high score on fairness. It is, therefore, generally considered to be underutilized in most countries. This paper takes stock of the arguments for using real property taxation, and presents an updated data-set for high-and middle income countries to illustrate its use. It also reflects the renewed and widespread interest in property tax reform globally, and discusses the many policy and administrative issues that must be carefully considered as prerequisites for successful property tax reform.

Download or read book International Valuation Standards written by David Parker and published by John Wiley & Sons. This book was released on 2016-08-01 with total page 274 pages. Available in PDF, EPUB and Kindle. Book excerpt: International Valuation Standards: a guide to the valuation of real property assets is an essential road map to using the new International Valuation Standards in everyday practice for real estate assets, explains their content, application and operation. It shows how to value assets including property, plant and equipment and is written in an explanatory style using commonly understood business English with as little jargon as possible. It takes a thematic format, focusing on the application of IVSs to investment property and owner-occupied property with the author addressing valuation instruction, operation and reporting under IVSs.

Download or read book Real Estate Market Valuation and Analysis written by Joshua Kahr and published by John Wiley & Sons. This book was released on 2006-02-10 with total page 257 pages. Available in PDF, EPUB and Kindle. Book excerpt: "A fresh, insightful look at how real estate professionals actually value properties and analyze markets. The focus on different product types as well as market segments are especially useful." --Barry Hersh, AICP, Associate Professor of Real Estate and Urban Planning, City University of New York This in-depth look at the core tools of real estate valuation will show you how to analyze the real estate market and assess the financial feasibility of a project. Many people go with their instincts or past experience when reviewing the financials and fail to utilize the useful data and analytical tools available in this field. Get the analytical data and tools you need to assess the financial feasibility of any project. Order your copy today.