According to King Sturge’s Real Estate Climate survey which forms part of its Real Estate Economy Index, The mood in the German real estate industry perked up in May as the index rose to 55.6 points, an +8.2% improvement on the April figure of 51.4 points.

The improved mood is reflected in all the indicator values, which rose for the first time this year. The report, conducted on behalf of King Sturge by consultancy firm BulwienGesa, is based on a survey of 1,000 real estate experts.

Sascha Hettrich, managing partner of King Sturge Deutschland said: “It is still too early to say whether this represents a shift in trend, but if nothing else, it clearly checks the downturn and signals a reversal in the growth direction. Similarly, it remains to be seen in the months to come whether we are looking at a sustainable development or just a brief interim surge.”