April 2nd, 2016

German Unemployment at Record Low

„German unemployment remained at current historic lows in March, as the recovery in Europe’s biggest economy remains on track, despite the global uncertainties, data showed today.“ So starts an interesting article from RTÉ,  the website of Raidió Teilifís Éireann, Ireland’s National Public Service Broadcaster. http://www.rte.ie/news/business/2016/0331/778490-german-retail-sales/

Unemployment is that share of the labor force without a job but actively seeking work. In Germany, the unemployment rate measures how many people are actively looking for a job as a percentage of the labour force as reported by the Statistisches Bundesamt or Federal Statistics Office.

German unemployment stood at 6.2% in March – a record low despite global uncertainties – the jobless total decreased, falling by 66,270 to 2.84 million.

Low unemployment rates also signify a high GDP/Gross Domestic Product, high enough that there remains enough purchasing power as well as power to produce.

A low unemployment figure in an economy generally means that there is a demand for workers and is typical of an expanding economy and indicate that more people are working and taking less cash from the government.

2016 – An Opportune time to invest in Berlin Property!

All signs of a stable economy and this general ‚feel-good‘ factor extends into the property markets in Germany and Berlin.

Germany is building lots of residential property and the pressure of demand remains such that supply is still not meeting demand. Apartment prices continue to surge, after several years of upward movement. German-wide property prices are expected to increase, but at a somewhat slower rate than in recent years, and that is good news for the Berlin real estate market.

We have written on this blog before that the stability and relative positive economic environment in Germany has attracted both Middle Eastern Middle Eastern  and Chinese investors.