Restrictions on new constructions and modernizations occur in almost all countries and numerous regulations apply in Germany. This article outlines regulations regarding the protection of historical buildings, restoration law and preservation statutes and describes compensatory subsidies...

Restrictions on new constructions and modernisations occur in almost all countries and numerous regulations apply in Germany. This article outlines regulations regarding the protection of historical buildings, restoration law and preservation statutes and describes compensatory subsidies...

German reunication was a positive market access shock for both East and West Germany. Regions that for 45 years had experienced a decline in population due to their loss in market access following the division of Germany of WWII were most strongly affected by this positive shock. We use an...

This article presents an overview of the contemporary German insurance market, its structure, players, and development trends. First, brief information about the history of the insurance industry in Germany is provided. Second, the contemporary market is analyzed in terms of its legal and...

Die Gewerbeimmobilienmärkte stehen angesichts der konjunkturellen Lage, aber auch angesichts struktureller Umbrüche vor großen Herausforderungen. Vor diesem Hintergrund wird in dem vorliegenden Report die Mietpreisentwicklung bei Einzelhandels- und Büroobjekten untersucht. Betrachtet wird...

Verglichen mit Wohnimmobilien stehen Gewerbeimmobilien weniger im Fokus der Öffentlichkeit und der Politik. Trotzdem besitzen sie eine hohe volkswirtschaftliche Relevanz. Aufgrund fehlender Datenquellen ist der Markt jedoch intransparent. Das Internetportal ImmobilienScout24 stellt vor diesem...

Purpose: The purpose of this paper is to examine the changing risk structure of German open-end funds using semi variance based performance measures. Design/methodology: The analysis focuses on an appropriate benchmark and compares classical performance measures with LPM based measures....

In 2009 the Frankfurt based Eurex traded the first property future. Eurex is the international derivatives exchange and is jointly owned by Deutsche Börse AG and SWX Swiss Exchange. Consequently, returns on commercial property are now available in an exchange environment within Europe. The...

German real estate funds raise substantial amounts of resources within Germany and are active in the investments of these amounts in the real estate markets of Germany, Europe and beyond. The German “open-ended real estate funds” comprises two types: The one type, which in the following be...