The expert journal GuG, Grundstücksmarkt und Grundstückswert, published an expert article by Ronny Kazyska on the valuation of skyscrapers in Germany in issue 6/2022.
The article addresses skyscrapers as special-purpose properties with particular requirements regarding valuation, market analysis, and risk assessment. The focus is on the German high-rise building stock, current project developments, opportunities, and risks of skyscraper investments, as well as specific aspects of land valuation.
Further key topics include total useful life, operating expenses, service charges, modernisation risks, rent levels, purchase prices, and multipliers of German skyscrapers. The expert article concludes with an exemplary valuation of a skyscraper in Frankfurt am Main.
The publication complements the international perspective from the book “The Valuation of Skyscrapers in International Markets” with an in-depth analysis of the German market.
