Comparative Analysis Of The Skyscraper Market In China And Germany: What Reasons Are Responsible For The Different Number Of Skyscrapers?

In the following thesis real estate markets of Germany and China are put into comparison on the account of skyscrapers.Currently Germany’s figures in the industry are far and away lower than China’s.The situation is likely to stay unchanged in the upcoming decades,since Chinese real property market proved to be the most innovative and fast-growing.Five cities with the biggest number of skyscrapers are located in China,according to “Ranking of global cities based on the number of skyscrapers as of 2016”,what cannot be said about Germany.However,Germany is showing market potential due to urbanization,high level of immigration and rising land price.Germany has shown more difficult regulatory environment in the term of stricter government regulations and policies-developers and architects have been facing many boundaries for realizing their projects and ideas.The study shows,that China has a highly developed domestic skyscraper market due to its long experience in this segment,but lacks better regulations that could help avoid a real estate bubble and ghost cities,resulting from China’s delay-free building and other social factors like the desire to show prestige.The real estate sector in China is essentially composed by the three players,who form a very strong chain: developers,banks,and government.On the contrary,in Germany these three players are more against each other with their strict regulations,which causes a slower development in this sector.The two markets are dramatically different and have various factors causing the growing number of skyscrapers,what is very interesting to research.It is concluded,that in China prestige factor and high urban density factor are playing the most important roles while in Germany it is mostly the rising land costs,growing population in big cities and lack of living spaces.