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Business & Finance
07 February 2024, 9:49 pm 1 minute
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
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