Direct property investment = property investor makes a property-based investment decision himself and acquires, holds, operates, manages and disposes of real estate directly in his own name and on his own behalf. The investor is not required to make personal appearances nor does he need sole decision-making power.


  • Direct property investment
  • Direct investment in properties
  • Direct real estate investment
  • “Direct real estate”

Whether and the extent to which a direct or indirect property investment exists when the (private) investor makes an investment decision, but a third party acquires the property in his own name, albeit for the account of this investor, must be judged on a case-by-case basis.

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