Vonovia's CFO Says Berlin Is Not a Cheap Market Anymore

The transcript covers a discussion on the sustainability of dividends, property price trends in Berlin, and the company's investment strategy focusing on domestic growth. It also addresses expectations for rental income growth and the impact of German politics on the property market. The company aims to maintain a strong dividend and sees potential in the Berlin property market despite concerns of overheating. The strategy remains focused on domestic assets, with no immediate plans for cross-border expansion.

What is the expected dividend for von Novia in 2017 without acquisitions?

• 112

• 124

• 130

• 140

Which city is highlighted as a hotspot for property value increases?

• Vienna

• London

• Paris

• Berlin

What is the main reason for the property value increase in Berlin?

• Foreign investments

• Government subsidies

• New infrastructure projects

• High demand and low supply

What is von Novia's strategy regarding cross-border transactions?

• Partnering with foreign companies

• Investing in emerging markets

• Focusing on domestic assets

• Aggressively expanding abroad

How does von Novia view the political landscape in Germany?

• As a major concern

• As stable and consensus-driven

• As unpredictable

• As a barrier to growth