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The German housing market has been remarkably strong in the last couple of decades, but it faces a serious price correction in the next couple of years, according to some analysts.
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The German housing market has been remarkably strong for decades, but it faces a serious downturn in prices over the next couple of years, according to analysts.
Mortgage rates have soared, with a 10-year fixed rate up from 1% to 3.9% since the start of the year, according to Interhyp data, which typically causes demand to cool as fewer people can afford to take out loans.
House prices have already declined around 5% since March, according to Deutsche Bank data, and they…
Source cnbc.com
