ERA Worldwide

Germany is one of the world's leading industrialized countries, located in the heart of Europe. It is bordered to the north by the North Sea, Denmark, and the Baltic Sea, to the south by Austria and Switzerland, to the west by France, Belgium, the Netherlands and Luxembourg, and to the east by Poland and the Czech Republic.

Real Estate in Germany
Pricing developments in housing vary greatly depending on where in Germany the property is located. While prices in the rural countryside are decreasing, even from already low levels, homes in the important metro centers like Frankfurt, Munich, Stuttgart, Düsseldorf and Hamburg remain on high levels, driven by demand. The market in metropolitan areas has remained stable. The exception is Berlin, where the real estate prices are lower than in any other major German city (– 9.9 % 2003 – 2004).

There is still a big difference in price trends between East and West Germany. While West–German prices have been relatively stable or flat for the last five years, housing prices in East Germany have experienced substantial price decreases. There are two primary reasons for this trend: in 1999, the government stopped the allowance for tax deductions on newly–built properties in East Germany; additionally, the percentage of unemployment has been steadily increasing over the last years, resulting in homeowners leaving small eastern German towns in attempts to find work in the west. However, it is to be expected that this trend will change in the mid term range.

About ERA in Germany
ERA Deutschland is a leading Real Estate Brokerage Franchisor with over 70 independently owned offices operating nation wide.

ERA agencies tend to have more sales people and work on higher commissions than an average office, because of the unique ERA marketing tools and services. ERA Deutschland focuses on consistent training and process optimizations in order to not only provide high-end real estate services to the customer but also to improve the industry's reputation.

The market is highly fragmented by regions, and communication between sectors is challenging. ERA's presence across Germany and the neighboring countries enables the ease of moving for buyers and sellers and supports the increase of market transparency.