German listed residential adds 300,000 units but lacks efficiencies

26 January 2014, 10:56 PM

German listed residential property firms added over 300,000 units to portfolios in 2013 and now own 1.1m units in total, but the market is fragmented and the lack of scale efficiencies means it has inflated cost structures, say Akselrod Consulting and Barkow Consulting in a new study.