Berlin is driving the ongoing retail boom in Germany, but lack of new space and lending restrictions are frustrating international retailers wanting in. John Ryan explores.
Germany remains the engine room of the European economy, and although consumer sentiment may have softened recently, this remains the benchmark by which others judge themselves. GDP grew by 5.2 per cent year-on-year in the first quarter, while salaries and private expenditure grew by 2 per cent and 1.9 per cent respectively in the same period.
All of this means that Germans have kept shopping, and demand for shops remains steady. But international retailers are having a hard time getting in on the action.
What are the problems facing international investors in Germany? Click here to read the full article in MAPIC Preview 2011, page 60.