Germany has the financial clout, keeps on shopping
Germany looks to be in the best position of all of European countries, so they do not worry about the crisis.
Germany is the only country with the financial clout to rescue the Continent from its debt crisis, but the leaders in Berlin have ignored International pleas for decisive monetary intervention to put the crisis to rest, as they see no hurry necessary.
Germany’s export-oriented economy is humming along, the unemployment rate is at its lowest in 20 yrs.(more)
German companies expect more investment and job creation in 2012 in spite of the pervasive economic uncertainty in the eurozone, according to a survey of the corporate sector.
The relatively upbeat mood highlighted by the DIHK, the German chamber of commerce and industry, reflects a belief that Europe’s largest economy will escape recession in the coming year, even though prospects for growth have deteriorated and austerity measures in many neighbouring countries cast doubt on demand for German exports. (more)
The German economy is starting the new year in “downright robust” form, Economy Minister Philipp Roesler said in a newspaper interview Tuesday.
“Our economy is downright robust, even if the environment, both at an international and a European level, has become more difficult,” Roesler told the business daily Handelsblatt.
Wolfgang Franz, the head of the ZEW think tank and head of the so-called group of “Five Wise Men” which advises the government on economic matters, said Europe’s economic powerhouse would not fall into recession in 2012.
“I don’t fear a recession, certainly not one as deep as in 2009 when gross domestic product contracted by around 5.0 percent,” Franz told the Handelsblatt in a separate interview. (more)
Dec. 16 (Bloomberg) — German Environment Minister Norbert Roettgen rejected Economy Ministry calls to cut renewable energy subsidies in one of the biggest markets for the industry, saying it would hurt the nation’s goal of transforming its power use.
“It makes no sense to again politically question laws that have just been adopted,” Roettgen, a member of Chancellor Angela Merkel’s Christian Democratic Union, said today in Berlin. “Insecurity is poison for the energy transformation.”
Germany, the largest solar market in 2010, should lower the rates it pays for power generated with the technology next year to curb electricity bills, Economy Minister Philipp Roesler of the junior coalition Free Democratic Party has said. (more)
The appeal of property in Germany’s premier city is outstripping London and Paris
“Berlin property tends to offer much more,” Mr Upson added. This is attracting buyers, according to Nicolas Jeissing, the managing director of Engel & Volkers. He said: “We have seen a lot of interest from foreign buyers such as the Chinese, British and even of late the Greeks. We are currently building about 5,000 units a year and that is far too few for the numbers of professionals coming into Berlin. This is having an upward pressure on rents.”
“Most hope that overseas property investment will financially wash its face. However, Berlin property tends to offer much more,” Mr Upson added. This is attracting buyers, according to Nicolas Jeissing, the managing director of Engel & Volkers. He said: “We have seen a lot of interest from foreign buyers such as the Chinese, British and even of late the Greeks. We are currently building about 5,000 units a year and that is far too few for the numbers of professionals coming into Berlin. This is having an upward pressure on rents.”(more)
Images of one of our propertiers currently available.
Five-story front house with right and left wings, plus attic with total of 36 apartments. Most of the units have been modernized with granite bathrooms,
Ebersstraße is a quiet residential street leading from the main street. You can quickly join Schloßstrasse the main shopping street and the adjoining district of Steglitz. Connection to public transport and motorway links to the city are very good.
As economists wait with bated breath for concrete action to prevent the crisis in the euro zone from spreading across the countries of Europe, German industry showed underlying strength as unemployment in Germany fell more than had been forecast.
The Federal Labor Agency based at Nuremberg came out with figures which showed unemployment in Germany falling to 6.9%. In November 20,000 more people were employed than anticipated bringing the actual number of unemployed down a notch to 2.91 million. Further evidence was provided by the Ifo economic institute which said that notwithstanding Europe’s woes, business confidence in Germany actually rose for the first time in five months. (more)
Pressure caused by the Eurozone crisis has been chipping away at Germany’s reliably robust economic growth, but the turndown has so far failed to have a noticeably negative impact on the country’s housing market. Reports at the end of the third quarter of 2011 indicate apartment prices rose 1.85% when adjusted for inflation and new homes were up .39%. Germany’s unique housing landscape, which is dominated by those who rent, is strengthened by strong rental returns. The market for new homes is also looking strong, although a drop in existing home prices may draw down performance averages. (more)
LONDON — Retail sales in the 17 countries that use the euro improved in October, led by increased sales in Germany and France, despite the ongoing debt crisis which is threatening to strangle economic growth as soon as the fourth quarter of this year, the European Union’s statistics agency Eurostat reported Monday.
Sales volumes in the currency area rose 0.4% on the month in October but declined 0.4% on the year.(more)
BERLIN — More than any other place in Europe, Berlin is a work in progress. Over the last two decades, ripped-up tracks and a canopy of cranes have signaled its rebirth as a great city. If you haven’t been here lately, you won’t recognize the place.
In the early 1900s, Berlin was an avant-garde cultural capital — think cabarets and Marlene Dietrich. Then came Hitler. After a difficult 20th century, today’s Berlin is proudly stepping up to retake its place as a powerhouse. Since German reunification 20 years ago, the city has gone on a building frenzy, wasting no time in refashioning itself. When the Wall fell, East Berlin was a decrepit wasteland, but these days, the vibrant pulse of the city is steadily drifting east. (more)