Ronny Kazyska (M.Sc.) with a guest article on the broker crisis in Germany
Frankfurt/Germany. Ronny Kazyska (M.Sc.) assesses the current challenging market situation for brokerage firms in a guest article on page 2 of the current issue of Immobilien Zeitung (14-2023 / 06.04.2023). Due to the dynamic interest rate turnaround by the European Central Bank (ECB), activity in the transaction market in Germany has decreased sharply. Market participants are waiting for a signal from the European Central Bank that the cycle of interest rate hikes is over. The consequences of the low level of transaction activity are significantly lower commission revenues for real estate agents.
Therefore, Ronny Kazyska recommends that real estate brokers establish a second line of business that generates more stable revenues independent of activity on the transaction market. In the past, after completing a bachelor's degree in real estate economics, he also completed a master's degree in real estate valuation at the University of Anhalt. He then successfully passed two personal certifications exams as an expert in real estate valuation by the globally recognized international standard DIN EN ISO/IEC 17024 at HypZert and the University of Anhalt (izert). The real estate valuation business is less dependent on transaction market activities than is the case in the brokerage business.
The article is available to Immobilien Zeitung subscribers at https://www.iz.de/meinung/news/-makler-brauchen-jetzt-ein-zweites-standbein-2000015538.
Immobilien Zeitung (IZ) is the leading German real estate publication. As the top medium in the real estate industry, it is regarded as a leading publication and provides background information, market data, and company news. The print version is published weekly every Thursday. It is completed by the news portal IZ.de. Its newsletter IZ aktuell provides daily information on what is happening in the German real estate market.
The readership of Immobilien Zeitung includes developers, builders, planners, investors, financiers, agents, asset managers, property managers, and valuers.
Ronny Kazyska is a broker and valuer of investment properties in Germany. The company focuses on all commercial properties such as office, retail, industrial, special or operator-run properties as well as on residential properties such as apartment complexes, multi-family houses, apartment buildings or mixed residential and commercial buildings. The head office is in Frankfurt and the company is active in all major cities in Germany through an excellent investor network. A large number of real estate transactions have already been successfully accompanied. Ronny Kazyska is economically independent and free of third party interests and thus autonomous of instructions, insurance as well as banks. Valuations are carried out according to national and/or international valuation methods.