October, 2013

  • On the Future of Indirect Real Estate Investments

    By Dr. Rainer Zitelmann on 2013/10/15
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    To get straight to the point: Indirect real estate investments in Germany are defined by quite a variety of different vehicles, and this is not about to change. Unlike in other countries, where publicly listed companies (including REITs) dominate the market for indirect real estate investments, closed-end and open-ended real estate funds exist side by side with institutional real estate […]
  • Germany Shifting to the Left

    By Dr. Rainer Zitelmann on 2013/10/01
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    Germany is undergoing a shift to the left because the next Bundestag will seat only parties that pursue a more or less Social Democrat policy. The CDU bloc will enter into a coalition either with the SPD or with the Greens. This will further weaken the free-market liberal wing of the Christian Democrats, which lacks clout anyway. Add to this that the upper house, the Bundesrat, is also dominated by three left-leaning parties. As it is, they will have a majority in either house.