Property Week quotes a comment from Howard Kennedy Partner Julian Hindmarsh on the growing appeal of Germany, snapping at the heels of the UK as the lead destination for Asian and Middle-Eastern real estate investment.
European growth looks to be tailing off. However, elsewhere around the World, gains are looking more tenuous, with domestic political tensions in Latin American, populist governments contemplating capital controls, Russian isolationism, the U.S. and China trade and tech disputes, and a growing proxy conflict in the Middle East means that capital is looking for a safe haven.
And, along with Germany, the UK is also part of a very successful and stable free trade bloc (at least for the time being).
Julian Hindmarsh, partner and head of real estate at law firm Howard Kennedy, says: "Germany is still the first port of call after the UK in terms of Asian and Gulf money. There's no massive surprise behind this. Germany enjoys the reputation of perceived reliability and value and it has quite a well-structured, mature market. German cities are growing in size. Munich, for instance, has grown more than any other city in Europe, especially due to demand for commercial and hotel space. East Asian investment essentially hinges on a question of trust. A lot of large, domestic insurance companies investing traditionally have conservative banks lending to these projects. There is also less of a risk culture."
https://www.propertyweek.com/markets/what-is-behind-asian-investment-in-europe/5104570.article
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