"Conditions in the German residential market remain excellent for owners and investors. The population continues to grow, average household incomes rose at the fastest rate for ten years in 2017 and the unemployment rate is at its lowest level since German reunification. Furthermore, it is highly unlikely that this environment will significantly deteriorate in the foreseeable future. Residential investors are, therefore, expected to enjoy continued outstanding conditions over the coming years. However, this also entails certain challenges. Already, there are no longer any genuine hidden gems for investors to discover in the major cities and competition among bidders is correspondingly strong everywhere."