{"id":24606,"date":"2022-02-08T08:23:47","date_gmt":"2022-02-08T07:23:47","guid":{"rendered":"https:\/\/www.deutsche-hypo.de\/?p=24606"},"modified":"2022-02-08T08:34:47","modified_gmt":"2022-02-08T07:34:47","slug":"german-real-estate-sector-sees-positive-development-over-the-course-of-2021","status":"publish","type":"post","link":"https:\/\/www.deutsche-hypo.de\/en\/news-en\/german-real-estate-sector-sees-positive-development-over-the-course-of-2021","title":{"rendered":"REECOX: German real estate sector sees positive development over the course of 2021"},"content":{"rendered":"<p><strong>Deutsche Hypo REECOX gains 10.0 % compared to 2020<\/strong><\/p>\n<p>In the past year, the German real estate sector showed positive development on the whole. While a look back at 2021 indicates a clear upward trend of 10.0 % year on year overall, a negative result of -3.2 % was recorded in comparison with the third quarter. <\/p>\n<p><u>Frank Schrader, Managing Director Deutsche Hypo \u2013 NORD\/LB Real Estate Finance:<\/u> \u201cJust about two years ago, we started hearing the initial reports about the coronavirus. The effects have been palpable in the real estate sector as well and continue making themselves felt to this day. Still, an investment volume of around \u20ac 60 billion in the German commercial property sector in 2021 suggests that the demand for real estate remains very high \u2013 and that the asset class itself has lost none of its appeal. The hope remains that the spread of the coronavirus can be contained once again in 2022. In addition to the challenges posed by the pandemic, the key issues we see are inflation, central bank policy and the development of interest rates.\u201d<\/p>\n<p>Once every quarter, the REECOX provides an overview of real estate market activity in Germany, France, the UK, Poland, Spain and the Netherlands. The index for each of the six countries is calculated using five input variables. In Germany, those variables are the DAX, the DIMAX, the European Commission\u2019s Economic Sentiment Indicator (ESI) for Germany, the basic rate of interest pursuant to Section 247 of the German Civil Code (BGB) and the interest rate for ten-year German government bonds. The predominately negative performance of the German REECOX towards the end of the year was largely due to the development of the business climate and the DIMAX. The business climate, as measured by the ESI, closed the fourth quarter with a decline of 4.2 % to 113 points. With a drop of 9.1 % to 910 points, the losses on the DIMAX were even more marked. By contrast, the German blue-chip stock market index DAX developed positively in the fourth quarter, posting gains of 4.1 %. <\/p>\n<p><u>Harald Nolterieke, Head of the Munich office<\/u>, says: \u201cIn 2021, the German real estate market proved itself once again to be a safe haven for investors. The logistics and residential property sectors in particular were among the year\u2019s winners, and the trend in terms of demand continues unabated. Right now, we are seeing returns of 3 % to 3.5 % on logistics properties \u2013 a level otherwise reserved for top office properties in big cities. Across all asset classes and sectors, however, the mounting labour shortage is making itself felt. Along with the current supply bottlenecks, that shortage is the most significant limiting factor and is increasingly driving down return on investment. Recently, it has also started having an impact on real estate market sentiment.\u201d<\/p>","protected":false},"excerpt":{"rendered":"<p>Deutsche Hypo REECOX gains 10.0 % compared to 2020 In [&hellip;]<\/p>\n","protected":false},"author":29,"featured_media":18289,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_oasis_is_in_workflow":0,"_oasis_original":0,"_oasis_task_priority":"2normal","footnotes":""},"categories":[5,265],"tags":[],"class_list":["post-24606","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-en","category-real-estate-finance-en"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>REECOX: German real estate sector sees positive development over the course of 2021 - Deutsche Hypo<\/title>\n<meta name=\"description\" content=\"Deutsche Hypo REECOX gains 10.0 % compared to 2020\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.deutsche-hypo.de\/en\/news-en\/german-real-estate-sector-sees-positive-development-over-the-course-of-2021\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"REECOX: German real estate sector sees positive development over the course of 2021 - Deutsche Hypo\" \/>\n<meta property=\"og:description\" content=\"Deutsche Hypo REECOX gains 10.0 % compared to 2020\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.deutsche-hypo.de\/en\/news-en\/german-real-estate-sector-sees-positive-development-over-the-course-of-2021\" \/>\n<meta property=\"og:site_name\" content=\"Deutsche Hypo\" \/>\n<meta property=\"article:published_time\" content=\"2022-02-08T07:23:47+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-02-08T07:34:47+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.deutsche-hypo.de\/content\/uploads\/2018\/11\/REECOX-Logo_klein-f\u00fcr-Website.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"3473\" \/>\n\t<meta property=\"og:image:height\" content=\"1517\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Kathrina Seegers\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Kathrina Seegers\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.deutsche-hypo.de\\\/en\\\/news-en\\\/german-real-estate-sector-sees-positive-development-over-the-course-of-2021#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.deutsche-hypo.de\\\/en\\\/news-en\\\/german-real-estate-sector-sees-positive-development-over-the-course-of-2021\"},\"author\":{\"name\":\"Kathrina Seegers\",\"@id\":\"https:\\\/\\\/www.deutsche-hypo.de\\\/#\\\/schema\\\/person\\\/a5fca9019643829a6fddc0f00313d8e1\"},\"headline\":\"REECOX: German real estate sector sees positive development over the course of 2021\",\"datePublished\":\"2022-02-08T07:23:47+00:00\",\"dateModified\":\"2022-02-08T07:34:47+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.deutsche-hypo.de\\\/en\\\/news-en\\\/german-real-estate-sector-sees-positive-development-over-the-course-of-2021\"},\"wordCount\":459,\"publisher\":{\"@id\":\"https:\\\/\\\/www.deutsche-hypo.de\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/www.deutsche-hypo.de\\\/en\\\/news-en\\\/german-real-estate-sector-sees-positive-development-over-the-course-of-2021#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.deutsche-hypo.de\\\/content\\\/uploads\\\/2018\\\/11\\\/REECOX-Logo_klein-f\u00fcr-Website.jpg\",\"articleSection\":[\"News\",\"Real Estate Finance\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.deutsche-hypo.de\\\/en\\\/news-en\\\/german-real-estate-sector-sees-positive-development-over-the-course-of-2021\",\"url\":\"https:\\\/\\\/www.deutsche-hypo.de\\\/en\\\/news-en\\\/german-real-estate-sector-sees-positive-development-over-the-course-of-2021\",\"name\":\"REECOX: German real estate sector sees positive development over the course of 2021 - Deutsche Hypo\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.deutsche-hypo.de\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.deutsche-hypo.de\\\/en\\\/news-en\\\/german-real-estate-sector-sees-positive-development-over-the-course-of-2021#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.deutsche-hypo.de\\\/en\\\/news-en\\\/german-real-estate-sector-sees-positive-development-over-the-course-of-2021#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.deutsche-hypo.de\\\/content\\\/uploads\\\/2018\\\/11\\\/REECOX-Logo_klein-f\u00fcr-Website.jpg\",\"datePublished\":\"2022-02-08T07:23:47+00:00\",\"dateModified\":\"2022-02-08T07:34:47+00:00\",\"description\":\"Deutsche Hypo REECOX gains 10.0 % compared to 2020\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.deutsche-hypo.de\\\/en\\\/news-en\\\/german-real-estate-sector-sees-positive-development-over-the-course-of-2021#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.deutsche-hypo.de\\\/en\\\/news-en\\\/german-real-estate-sector-sees-positive-development-over-the-course-of-2021\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.deutsche-hypo.de\\\/en\\\/news-en\\\/german-real-estate-sector-sees-positive-development-over-the-course-of-2021#primaryimage\",\"url\":\"https:\\\/\\\/www.deutsche-hypo.de\\\/content\\\/uploads\\\/2018\\\/11\\\/REECOX-Logo_klein-f\u00fcr-Website.jpg\",\"contentUrl\":\"https:\\\/\\\/www.deutsche-hypo.de\\\/content\\\/uploads\\\/2018\\\/11\\\/REECOX-Logo_klein-f\u00fcr-Website.jpg\",\"width\":3473,\"height\":1517},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.deutsche-hypo.de\\\/en\\\/news-en\\\/german-real-estate-sector-sees-positive-development-over-the-course-of-2021#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Startseite\",\"item\":\"https:\\\/\\\/www.deutsche-hypo.de\\\/en\\\/startseite\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"REECOX: German real estate sector sees positive development over the course of 2021\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.deutsche-hypo.de\\\/#website\",\"url\":\"https:\\\/\\\/www.deutsche-hypo.de\\\/\",\"name\":\"Deutsche Hypo\",\"description\":\"Your success is : our benchmark\",\"publisher\":{\"@id\":\"https:\\\/\\\/www.deutsche-hypo.de\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.deutsche-hypo.de\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/www.deutsche-hypo.de\\\/#organization\",\"name\":\"Deutsche Hypothekenbank (Actien-Gesellschaft)\",\"url\":\"https:\\\/\\\/www.deutsche-hypo.de\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.deutsche-hypo.de\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/www.deutsche-hypo.de\\\/content\\\/uploads\\\/2018\\\/05\\\/DH_Logo_mit_claim.svg\",\"contentUrl\":\"https:\\\/\\\/www.deutsche-hypo.de\\\/content\\\/uploads\\\/2018\\\/05\\\/DH_Logo_mit_claim.svg\",\"width\":1,\"height\":1,\"caption\":\"Deutsche Hypothekenbank (Actien-Gesellschaft)\"},\"image\":{\"@id\":\"https:\\\/\\\/www.deutsche-hypo.de\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/www.linkedin.com\\\/company\\\/deutsche-hypothekenbank-actien-gesellschaft-\\\/\"]},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.deutsche-hypo.de\\\/#\\\/schema\\\/person\\\/a5fca9019643829a6fddc0f00313d8e1\",\"name\":\"Kathrina Seegers\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/8dda0aa8f14f7c983f3389573d80d601b0f2925e53575e040e6d6362923dbf32?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/8dda0aa8f14f7c983f3389573d80d601b0f2925e53575e040e6d6362923dbf32?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/8dda0aa8f14f7c983f3389573d80d601b0f2925e53575e040e6d6362923dbf32?s=96&d=mm&r=g\",\"caption\":\"Kathrina Seegers\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"REECOX: German real estate sector sees positive development over the course of 2021 - Deutsche Hypo","description":"Deutsche Hypo REECOX gains 10.0 % compared to 2020","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.deutsche-hypo.de\/en\/news-en\/german-real-estate-sector-sees-positive-development-over-the-course-of-2021","og_locale":"en_US","og_type":"article","og_title":"REECOX: German real estate sector sees positive development over the course of 2021 - Deutsche Hypo","og_description":"Deutsche Hypo REECOX gains 10.0 % compared to 2020","og_url":"https:\/\/www.deutsche-hypo.de\/en\/news-en\/german-real-estate-sector-sees-positive-development-over-the-course-of-2021","og_site_name":"Deutsche Hypo","article_published_time":"2022-02-08T07:23:47+00:00","article_modified_time":"2022-02-08T07:34:47+00:00","og_image":[{"width":3473,"height":1517,"url":"https:\/\/www.deutsche-hypo.de\/content\/uploads\/2018\/11\/REECOX-Logo_klein-f\u00fcr-Website.jpg","type":"image\/jpeg"}],"author":"Kathrina Seegers","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Kathrina Seegers","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.deutsche-hypo.de\/en\/news-en\/german-real-estate-sector-sees-positive-development-over-the-course-of-2021#article","isPartOf":{"@id":"https:\/\/www.deutsche-hypo.de\/en\/news-en\/german-real-estate-sector-sees-positive-development-over-the-course-of-2021"},"author":{"name":"Kathrina Seegers","@id":"https:\/\/www.deutsche-hypo.de\/#\/schema\/person\/a5fca9019643829a6fddc0f00313d8e1"},"headline":"REECOX: German real estate sector sees positive development over the course of 2021","datePublished":"2022-02-08T07:23:47+00:00","dateModified":"2022-02-08T07:34:47+00:00","mainEntityOfPage":{"@id":"https:\/\/www.deutsche-hypo.de\/en\/news-en\/german-real-estate-sector-sees-positive-development-over-the-course-of-2021"},"wordCount":459,"publisher":{"@id":"https:\/\/www.deutsche-hypo.de\/#organization"},"image":{"@id":"https:\/\/www.deutsche-hypo.de\/en\/news-en\/german-real-estate-sector-sees-positive-development-over-the-course-of-2021#primaryimage"},"thumbnailUrl":"https:\/\/www.deutsche-hypo.de\/content\/uploads\/2018\/11\/REECOX-Logo_klein-f\u00fcr-Website.jpg","articleSection":["News","Real Estate Finance"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.deutsche-hypo.de\/en\/news-en\/german-real-estate-sector-sees-positive-development-over-the-course-of-2021","url":"https:\/\/www.deutsche-hypo.de\/en\/news-en\/german-real-estate-sector-sees-positive-development-over-the-course-of-2021","name":"REECOX: German real estate sector sees positive development over the course of 2021 - Deutsche Hypo","isPartOf":{"@id":"https:\/\/www.deutsche-hypo.de\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.deutsche-hypo.de\/en\/news-en\/german-real-estate-sector-sees-positive-development-over-the-course-of-2021#primaryimage"},"image":{"@id":"https:\/\/www.deutsche-hypo.de\/en\/news-en\/german-real-estate-sector-sees-positive-development-over-the-course-of-2021#primaryimage"},"thumbnailUrl":"https:\/\/www.deutsche-hypo.de\/content\/uploads\/2018\/11\/REECOX-Logo_klein-f\u00fcr-Website.jpg","datePublished":"2022-02-08T07:23:47+00:00","dateModified":"2022-02-08T07:34:47+00:00","description":"Deutsche Hypo REECOX gains 10.0 % compared to 2020","breadcrumb":{"@id":"https:\/\/www.deutsche-hypo.de\/en\/news-en\/german-real-estate-sector-sees-positive-development-over-the-course-of-2021#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.deutsche-hypo.de\/en\/news-en\/german-real-estate-sector-sees-positive-development-over-the-course-of-2021"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.deutsche-hypo.de\/en\/news-en\/german-real-estate-sector-sees-positive-development-over-the-course-of-2021#primaryimage","url":"https:\/\/www.deutsche-hypo.de\/content\/uploads\/2018\/11\/REECOX-Logo_klein-f\u00fcr-Website.jpg","contentUrl":"https:\/\/www.deutsche-hypo.de\/content\/uploads\/2018\/11\/REECOX-Logo_klein-f\u00fcr-Website.jpg","width":3473,"height":1517},{"@type":"BreadcrumbList","@id":"https:\/\/www.deutsche-hypo.de\/en\/news-en\/german-real-estate-sector-sees-positive-development-over-the-course-of-2021#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Startseite","item":"https:\/\/www.deutsche-hypo.de\/en\/startseite"},{"@type":"ListItem","position":2,"name":"REECOX: German real estate sector sees positive development over the course of 2021"}]},{"@type":"WebSite","@id":"https:\/\/www.deutsche-hypo.de\/#website","url":"https:\/\/www.deutsche-hypo.de\/","name":"Deutsche Hypo","description":"Your success is : our benchmark","publisher":{"@id":"https:\/\/www.deutsche-hypo.de\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.deutsche-hypo.de\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.deutsche-hypo.de\/#organization","name":"Deutsche Hypothekenbank (Actien-Gesellschaft)","url":"https:\/\/www.deutsche-hypo.de\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.deutsche-hypo.de\/#\/schema\/logo\/image\/","url":"https:\/\/www.deutsche-hypo.de\/content\/uploads\/2018\/05\/DH_Logo_mit_claim.svg","contentUrl":"https:\/\/www.deutsche-hypo.de\/content\/uploads\/2018\/05\/DH_Logo_mit_claim.svg","width":1,"height":1,"caption":"Deutsche Hypothekenbank (Actien-Gesellschaft)"},"image":{"@id":"https:\/\/www.deutsche-hypo.de\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.linkedin.com\/company\/deutsche-hypothekenbank-actien-gesellschaft-\/"]},{"@type":"Person","@id":"https:\/\/www.deutsche-hypo.de\/#\/schema\/person\/a5fca9019643829a6fddc0f00313d8e1","name":"Kathrina Seegers","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/8dda0aa8f14f7c983f3389573d80d601b0f2925e53575e040e6d6362923dbf32?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/8dda0aa8f14f7c983f3389573d80d601b0f2925e53575e040e6d6362923dbf32?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/8dda0aa8f14f7c983f3389573d80d601b0f2925e53575e040e6d6362923dbf32?s=96&d=mm&r=g","caption":"Kathrina Seegers"}}]}},"_links":{"self":[{"href":"https:\/\/www.deutsche-hypo.de\/en\/wp-json\/wp\/v2\/posts\/24606","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.deutsche-hypo.de\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.deutsche-hypo.de\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.deutsche-hypo.de\/en\/wp-json\/wp\/v2\/users\/29"}],"replies":[{"embeddable":true,"href":"https:\/\/www.deutsche-hypo.de\/en\/wp-json\/wp\/v2\/comments?post=24606"}],"version-history":[{"count":0,"href":"https:\/\/www.deutsche-hypo.de\/en\/wp-json\/wp\/v2\/posts\/24606\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.deutsche-hypo.de\/en\/wp-json\/wp\/v2\/media\/18289"}],"wp:attachment":[{"href":"https:\/\/www.deutsche-hypo.de\/en\/wp-json\/wp\/v2\/media?parent=24606"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.deutsche-hypo.de\/en\/wp-json\/wp\/v2\/categories?post=24606"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.deutsche-hypo.de\/en\/wp-json\/wp\/v2\/tags?post=24606"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}