More than €407bn (US $480.5bn) was spent on healthcare in Germany in 2019, according to the expectations of the Federal Statistical Office (Destatis). In 2018, German healthcare spending accounted for 11.7 per cent of the gross domestic product (GDP), giving Germany the second largest healthcare sector in Europe, after Switzerland.
German property maintenance costs include taxes, insurance and utility payments. Average expenses vary between federal states: for instance, in the cities of Mönchengladbach and Wuppertal located in North Rhine-Westphalia, property maintenance is more expensive than in all the other regions.
For immigrants hoping to be granted full citizenship in the Czech Republic, the wait can last a decade. In most cases, this is how the process plays out:
Tranio conducted its eighth annual survey, analysing the investment and property purchasing patterns of Russian and CIS nationals abroad. The survey was primarily focussed on income property, looking at the top locations for investment, yield expectations, budgets, and preferred asset classes, as well as the general presence of Russian-speaking investors in local markets.
The five-year rent cap in Berlin is radically changing the capital’s real estate market.
The world’s travel and tourism market is developing quickly, which in turn is fuelling demand for hotel services. Europe is the most visited continent and property investments in the region are on the rise, with Spain and Germany the most attractive countries.
Germany is a huge draw for both foreign and domestic real estate investors who want to safeguard their capital. A total of $67B was invested in German real estate from Q4 2018 to Q3 2019, while property prices in the country have been rising steadily for the last five years at an average rate of 5% per year, according to OECD.
By the end of 2017, seven out of ten people in the EU were living in their own homes. However, more than a half of Germany’s population now rent housing, and according to forecasts by Trading Economics, this trend is only going to grow. Tranio looks into why Germans are opting to rent rather than buy.
International real estate broker Tranio has assisted a Russian investor in purchasing a land plot for the construction of a residential complex in Hamburg.
The volume of online transactions is growing by about 20% per year. If this trend continues, e-commerce will reach €4.4 trillion annually by 2020. How will this affect street retail properties?
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