German landlord TAG warns home prices could fall 30% from peak

0
17


Business & Finance

Reuters exclusively reported that German home prices could fall as much as 30% below their 2022 peak, according to one of the country’s largest landlords, in a more pessimistic assessment than rivals highlighting the continued threat posed to Europe’s biggest economy. 

Market Impact

Germany’s 670 billion euro ($722 billion) property industry is a critical pillar of its economy, contributing one in 10 jobs, nearly a fifth of output, and eclipsing the country’s famous car sector, according to the ZIA industry association. 

Article Tags

Topics of Interest: Business & Finance

Type: Reuters Best

Sectors: Real Estate

Regions: Europe

Countries: Germany

Win Types: Exclusivity

Story Types: Exclusive / Scoop

Media Types: Text

Customer Impact: Significant National Story



Source link

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Enable Google Transliteration.(To type in English, press Ctrl+g)