Market housing and hotels in Germany continues to grow

German housing market is showing growth, as the country is experiencing a surge of new construction, the company said BulwiendaGesa and WGF. In 2010, rents for housing in all significant up in Berlin (6%), Hamburg and Munich (5%) and Dusseldorf (3%). The volume of investment in residential real estate rose from 3.3 billion euros in 2009 to 3.8 billion euros in 2010. The review states that the hotel real estate sector in Germany showed the best performance in Europe due to the increased number of tourists and business travelers. In 2010, the volume of transactions in this sector doubled to 800 million euros. At the same time foreign investors account for 63% of this market, which is significantly more than 21% in 2009. In Frankfurt, revenue grew 20% to the number in 2010. According to BulwiendaGesa and WGF, economy-class hotels, and the middle class won primarily due to better occupancy. Meanwhile, in the sectors office and retail property the situation is stable. Here, the volume of transactions in the IV quarter of 2010 increased by 9% as compared to III quarter. Based on materials The Move Channel .