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German landlord TAG warns home prices could fall 30% from peak | Reuters News Agency

German landlord TAG warns home prices could fall 30% from peak | Reuters News Agency


Business and Finance

Reuters exclusively reported that German property 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 its competitors, underscoring the continuing threat to the largest economy in Europe.

Market impact

Germany 670 billion euros ($722 billion) the real estate sector is an essential pillar of its economy, with one in ten jobs, close to a fifth in production, and eclipsing the country’s famed automotive sector, according to industry association ZIA.

Article tags

Topics of interest: Business and Finance

Type: Best of Reuters

Sectors: Real estate

Regions: Europe

Countries: Germany

Types of winnings: Exclusivity

Types of stories: Exclusive / Scoop

Media Types: Text

Customer impact: Important national history



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