Economy of Germany

Berlin home rents rise at slower pace in 2011 and 2012

A residential housing apartment block located in the Mitte district of Berlin. Berlin rents rose 3.1 per cent a year in 2011 and 2012. Photo: Bloomberg

The Berlin Mietspiege index, published last week by the Berlin Department for Urban Development, shows an average annual rise of 4 per cent for 2009 and 2010. Analysts expected an increase of 2 per cent to 4 per cent a year based on estimates compiled by Berlin landlords GSW Immobilien and Deutsche Wohnen, said Thomas Rothaeusler, an analyst at Commerzbank.

Wednesday, 29 May, 2013, 3:21am

Germany tops poll of nations seen as having a 'positive influence'

Germany tops poll of nations seen as having a 'positive influence'

Germany is the most popular country in the world despite well-publicised protests against its insistence on austerity measures within the European Union, according to an annual poll for the BBC World Service.

25 May 2013 - 4:17am

German cities plan tighter rent laws

German states are looking at a cap on rent hikes. Photo: Bloomberg

State governments that oversee housing rules in Hamburg, Berlin, Munich and other cities planned to make it illegal to raise rents by more than 15 per cent in three years, according to government officials.

24 Apr 2013 - 5:20am

Austrian property firm plans residential investment in Germany

Austrian property firm plans residential investment in Germany

Austrian company Conwert Immobilien Invest plans to buy German residential real estate, part of a strategy shift to focus more on buying and renovating apartment blocks.

27 Mar 2013 - 6:06am

Germany will draw Hong Kong property investors, IP Global predicts

Tim Murphy, Chief Executive Officer of IP Global Limited. Photo: May Tse

Although the euro-zone financial crisis continues to impact countries across the continent, Germany is comparatively unaffected, says Tim Murphy, IP Global's founder and CEO.

20 Mar 2013 - 5:22am

German business confidence up more than expected

German Chancellor Angela Merkel  in the Swiss resort of Davos. Photo: AFP

German business confidence has increased more than expected this month as hopes rise that Europe’s largest economy will quickly put behind it a weak patch and benefit from an easing in the continent’s financial turmoil, a closely watched survey showed on Friday.

26 Jan 2013 - 9:53am

On the Move

Yung H. Chung Managing director AlixPartners

Chung has more than 25 years of experience working across Asia, North America and Europe. He joins from McKinsey & Company, where he was a senior partner, specialising in corporate growth strategies, M&A advisory and technology.

Bianca Wong Group HR director Jebsen

16 Jun 2012 - 12:00am

If piano music is your forte, you might want to score a lively new number in the key of BMW

What's black and white and produces perfect notes for classical piano pieces? If your guess is a Steinway grand piano, you would be half correct. BMW, partnering with the well-known piano company, has launched a limited edition 'audiophile's' automobile - the Individual 7 Series Composition.

6 Feb 2012 - 12:00am

BMW cars upstage local movie stars at premiere of 'Mission Impossible' sequel

The third act of the fourth instalment of the Hollywood action franchise Mission: Impossible plays out like a BMW commercial.

19 Dec 2011 - 12:00am

Around the green

BMW convertible? Lahiri's ace earns mere champers

4 Dec 2011 - 12:00am

Foreign carmakers upbeat as mainland sales lead way

Japanese carmaker Honda Motor's first-quarter sales in China have exceeded its earthquake-hit home market for the first time, according to figures released yesterday, while Volkswagen Group sold twice as many cars on the mainland in the first three months as it did in Germany, data released earlier this week showed.

29 Apr 2011 - 12:00am

Porsche trader Jebsen aims for 15pc growth

Jebsen & Co, the Hong Kong trading house that operates China's biggest chain of Porsche dealerships, is targeting car sales growth of at least 15 per cent this year, according to Jebsen group director Mark Bishop.

12 Apr 2011 - 12:00am

Growth in mainland car sales hits brakes after 2 years racing away

After two years of stimulus-fuelled, double-digit increases, growth of car sales on the mainland slowed to a crawl last month.

10 Mar 2011 - 12:00am

Happy Days

Porsche's lifestyle accessory division, Porsche Design, has created an advent calendar with a luxurious twist. Instead of housing chocolates in a cardboard calendar, it has built a huge aluminium tower full of surprise gifts to correspond with each day in the run up to Christmas. There's a P'6910 Indicator rose-gold watch, a full Porsche kitchen and, most impressively, a motor yacht.

5 Nov 2010 - 12:00am

Driver's delight

I've never been able to look at a bloke driving a Porsche - and it's rare to see any other gender at the wheel of this particular brand of automobile - without feeling envious.

Away with anything so trivial as envy: overpowered, overpowering, what's the point?

17 Sep 2010 - 12:00am