4 WochenbookeBookeBookIn den Warenkorb16078-0150E16078APDF380Seiten1. Auflage 2021false16078Meine%20Empfehlung%3A%20Investing%20in%20German%20Real%20EstateHallo%2C%20das%20folgende%20Produkt%20habe%20ich%20bei%20https%3A%2F%2Fshop.haufe.de%20entdeckt%3A%20%0AInvesting%20in%20German%20Real%20Estate%0Ahttps%3A%2F%2Fshop.haufe.de%2Fprod%2Finvesting-in-german-real-estate%2FE16078APDF%0A%0AMit%20freundlichen%20Gr%C3%BC%C3%9Fen%20%0A%0APS%3A%20Entdecken%20Sie%20weitere%20Neuheiten%20und%20interessante%20Produkte%20bei%20https%3A%2F%2Fshop.haufe.de.4 WochenbookBuchBuchVersandkostenfrei bestellen16078-0002E16078E16078978-3-648-14657-6380Seiten1. Auflage 2021Hardcoverfalse16078Meine%20Empfehlung%3A%20Investing%20in%20German%20Real%20EstateHallo%2C%20das%20folgende%20Produkt%20habe%20ich%20bei%20https%3A%2F%2Fshop.haufe.de%20entdeckt%3A%20%0AInvesting%20in%20German%20Real%20Estate%0Ahttps%3A%2F%2Fshop.haufe.de%2Fprod%2Finvesting-in-german-real-estate%2FE16078%0A%0AMit%20freundlichen%20Gr%C3%BC%C3%9Fen%20%0A%0APS%3A%20Entdecken%20Sie%20weitere%20Neuheiten%20und%20interessante%20Produkte%20bei%20https%3A%2F%2Fshop.haufe.de.4 WochenbookeBookeBookIn den Warenkorb16078-0100E16078APUB380Seiten1. Auflage 2021false16078Meine%20Empfehlung%3A%20Investing%20in%20German%20Real%20EstateHallo%2C%20das%20folgende%20Produkt%20habe%20ich%20bei%20https%3A%2F%2Fshop.haufe.de%20entdeckt%3A%20%0AInvesting%20in%20German%20Real%20Estate%0Ahttps%3A%2F%2Fshop.haufe.de%2Fprod%2Finvesting-in-german-real-estate%2FE16078APUB%0A%0AMit%20freundlichen%20Gr%C3%BC%C3%9Fen%20%0A%0APS%3A%20Entdecken%20Sie%20weitere%20Neuheiten%20und%20interessante%20Produkte%20bei%20https%3A%2F%2Fshop.haufe.de.
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
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
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
Essentials for successful real estate investments in Germany
Real estate investment, trends and strategies
Diverse submarkets: residential, offices, retail, hotel and nursing homes
Bestellnummer E16078APDF
Investing in one of the most promising real estate markets in Europe offers enormous opportunities. But to be successful the local Framework conditions must be understood.
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
Vorteile
Aktuelles
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
Vorteile
Aktuelles
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
Prof. Dr Florian Hackelberg is Professor of Real Estate Economics and Management at the HAWK University of Applied Sciences and Arts in Holzminden, Germany. Before that, he was a senior manager in the Real Estate Transactions team at PricewaterhouseCoopers, based in Berlin and Shanghai. After studying Civil Engineering and Management in Germany, England and China, Hackelberg received a PhD from the Technical University of Berlin. He also holds a master's degree in International Relations from the University of Cambridge, where he was awarded the Madingley thesis prize. Hackelberg is a Professional Member of the Royal Institution of Chartered Surveyors (MRICS), a member of the RICS Professional Group Valuation and a member of the German Society of Property Researchers (gif). He is also a member of the Höxter committee of valuation experts (Gutachterausschuss). He has written and co-written numerous books and articles on various real estate topics.
Dirk Hennig
Dirk Hennig is a transactions partner with PricewaterhouseCoopers, focusing on real estate advisory services. He has over 25 years of hands-on consulting and deals experience from serving multinational clients with their real estate investments in Germany. He has worked in PwC offices in Berlin, Düsseldorf and New York. Hennig has a master's degree in Engineering from the University of Dresden, and the title of Expert for International Valuation of Real Estate from European Business School, Oestrich-Winkel. He is a board member of the Federal Association of Publicly Appointed, Sworn and Qualified Experts e.V. (BVS); a member of the German Property Federation (ZIA) working group 'Accounting and Valuation'; and a member of the Tangible Assets Board of the International Valuation Standards Council (IVSC). He was a member of the working group of the Institute of Public Auditors in Germany (IDW) for the publication of the IDW S 10 standard 'Principles for the Valuation of Real Estate'.
Table of Contents
Foreword
Foreword from the Editors
Fundamentals - Basics of the German Real Estate Market
Macroeconomic Structure of the German Real Estate Market
German Macroeconomic Key Indicators
Geographic Structure of the German Real Estate Market
German Real Estate Indicators
German Real Estate Investment Structure
Conclusion: Attractiveness and Complexity
Real Estate Investment Trends and Strategy
Introduction
Real Estate Investment Strategies
Deal Sourcing
Conclusion
Markets - German Real Estate Market Sectors
The Housing Market in Germany
The Provider Structure in the German Housing Market
Rental Accommodation in Germany - The Most Common Form of Housing, High Quality and Stable Demand
Housing Construction in Germany and Demand for New Housing
German Rent Control
Price Developments in the Sale of Residential Real Estate
Conclusion
Investing in German Offices
Introduction
Germany Is Not Paris
Smaller Is Liquid
GDP Growth Is Not Alone
Low Yields: Small Margins of Error
Co-working Revisited
Sustainability Matters
The World According to Covid
Summary
Retail Property Investment Market
Introduction
Definition and Types of Retail
Retail Property Market Structure
Development of the Retail Property Investment Market
Challenges for the Retail Sector and Changing Shopping Behaviour
Summary and Outlook
The Logistics and Industrial Property Investment Market
Introduction
Definition and Types of Logistic and Industrial Properties
The German Logistics Investment Market
Trends in the Logistics Real Estate Sector
Summary and Outlook
Hotel Investment Market
Introduction
Supply and Demand in the German Hotel Market
German Hotel Investment Market
Types of Hotels
Definitions of the Most Important KPIs for Investors in Hotels
Hotel-specific KPIs and German Market Characteristics
Operator Models
Summary and Outlook
Hotel Data and Addresses
Nursing Home Investment Market
Introduction
Types of Care Provision and Properties in the Senior Housing Segment
Demographics
Market and Location Analysis for Nursing Homes
Structural Requirements for Nursing Homes
Regulatory Framework
Consolidation and Concentration in the Nursing Home Operator Market
Transaction Market and Prime Yield Development
Opportunities and Risks of this Asset Class
Summary and Outlook
Organizations
Market Reports Databases
Framework - German Regulatory Real Estate Framework
Legal Real Estate Investment Framework
Introduction
Accessibility
Acquisition Structure
Relevant Legal Aspects for Risk Assessment
Acquisition Process
Tax Aspects of Real Estate Investments in Germany
Overview
Income Tax (Einkommensteuer) and Corporate Income Tax (Körperschaftsteuer)
Withholding Tax Regime
Trade Tax (Gewerbesteuer)
Real Estate Transfer Tax (Grunderwerbsteuer)
Value-added Tax (Umsatzsteuer)
Land Tax (Grundsteuer)
German Anti-hybrid Considerations
Mandatory Reporting of Cross-border Tax Arrangements
Tax Summary
Real Estate Accounting
Introduction
Components of Accounting and their Functions
Accounting and Valuation Principles
Conclusion and Meaningfulness of the Valuations
Real Estate Investment Trust (REITs) in Germany from the Perspective of Investors
Introduction
Two Major Types of REIT Investor
Investors' View on the German REIT
The German REIT Sector
Case Study: Hamborner REIT AG
ESG in German Real Estate Investments
Political and Regulatory Background
Market Trends and Value Drivers
Overview of ESG Measurement and Key Performance Indicators (»KPI«)
Implementation in Investment Processes (ESG due diligence)
Implementation in Contracts and Legal Documentation
Management - Guidelines for Investing in German Real Estate
Real Estate Mergers & Acquisitions
Real Estate M&A Processes
Best Practices
Financing Real Estate in Germany
Sources of Capital
Types of Security
Long-term Debt Financing
Conclusion
Real Estate Valuation in Germany
Basis of Valuation
Valuation Framework in Germany
Valuation Methodologies
Fundamentals for Determining the Mortgage Value
Practical Valuation Aspects to Consider in the Investment Process
Conclusion
Real Estate Data and Addresses
Financial Due Diligence in the German Real Estate Market
Definition, Timing and Goals of FDDs in Real Estate
Context of FDD Services
Financial Due Diligence in an Asset Deal - Analysis of the Property Net Operating Income
Financial Due Diligence in a Share Deal - Supporting the Deal Considerations and SPA
Der Live Chat ist mit Ihren Browser-Einstellungen aktuell leider nicht verfügbar.
Bitte stimmen Sie der Nutzung
des Live Chats zu!
Um Ihnen den bestmöglichen Service und den Live Chat zu ermöglichen, nutzen wir Tools von Drittanbietern. Da der Salesforce Live Agent Daten erheben kann, benötigen wir dafür Ihre Zustimmung.
Bitte lesen Sie sich die Details durch und klicken Sie anschließend auf „Akzeptieren“ um unseren Live Chat nutzen zu können.
Wir benötigen Ihre Zustimmung, um den Youtube-Service zu laden!
Wir verwenden einen Service eines Drittanbieters, um Videoinhalte einzubetten. Dieser Service kann Daten zu Ihren Aktivitäten sammeln. Bitte lesen Sie die Details durch und stimmen Sie der Nutzung des Service zu, um dieses Video anzusehen.
