The German property market is starting to lure foreign investors back, following a review of its tax reforms.
However, speaking at a conference on the German and European property market at the Aldon Hotel in Berlin, Bernd Knobloch of Eurohyp warned investors to be cautious claiming that there may be some hidden dangers in the new legislation aimed at easing company taxes.
Commenting on the European market as a whole, Douglas M Holoch, director for Germany at Jones Lang LaSalle, revealed that there is a range of overseas investment funds gearing up to invest some €25.6bn ($25bn) in the continent’s property market.
Frankfurter Allgemeine Zeitung, 04 February 2000, page 53
