In Germany, the volume of real estate transactions will reach €12 billion by the end of the year

In Germany, the volume of real estate transactions will reach €12 billion by the end of the year

The Savills experts predict that by the end of 2013, the volume of real estate transactions in the German market will reach €12 billion, according to ee24.com with reference to 1-property.ru.

If the forecast comes true, the growth of the German real estate market compared to €10.45 billion in 2012 will be marked. In the Q3 of 2012 the market earned €2.9 billion, and the total for the first three quarters was €8.8 billion. This figure is 14% higher than in 2012.

Most of the purchases in the German real estate market was made by the investors from Russia. Austrians are also active (7 % of the market), the citizens of Luxembourg (6%) and Swiss (5%). Sellers are in 66% the Germans, followed by the Americans with 16 % of transactions, which is about €0.9 billion.

Recall that ee24.com recently wrote about the fears of a bubble in the German market.