banks and brokers involved in the process have realistic expectations that are not tied to earlier boom periods. Time-consuming extra work to harvest the last Euro are rare. Restructuring also puts properties on the market which were previously not up for sale – not always at realistic prices, but at least at a sustainably reasonable level. Today’s market phase is very promising for the development of a high-quality portfolio or the purchase of investment properties at top locations which can be sold as con- dominiums with a high return. This is even more true because a substantial number of the apartments are frequently vacant
and the owners are faced with problems caused by the low yields generated since 2022 and have decided (or are forced) to sell. Investors who can act independently – i.e. without time-consuming corporate approval processes or lengthy acquisition financing negotiations with banks – and take decisions quickly are well positioned to utilise these opportunities. The time has come for high net worth private investors and family offices who can make full use of their strengths.
districts and popular micro-locations are attracting a greater number of potential investors and the resulting competition has led to prices that reflect normal sales. The situation is different at less prominent loca- tions in less popular residential districts. Here, the number of interested parties is limited and, in combination with a certain pressing need to sell, individual properties can also change hands below the general market level. Nevertheless, it normally pays for investors to evaluate investment opportunities in connection with restructuring. Decisions are, as a rule, taken quickly because the
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