Pursuits
German Residential Deals to Wane on Thin Supply, Jones Lang Says
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Private-equity firms, pension funds, residential landlords and other large investors bought the most German homes since 2007 this year and purchases will decline in the next 12 months as less property comes up for sale, according to a forecast by Jones Lang LaSalle Inc.
Large investors will probably buy 8 billion euros ($10.5 billion) of German homes in 2013, compared with 10.8 billion euros in 2012, the Chicago-based broker said today.
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German Residential Deals to Wane on Thin Supply, Jones Lang Says