Germany's property sector experiences a four-year crisis, with increased borrowing costs and risky lending causing losses and distressed sales.
Germany faces a four-year property crisis, halfway through and expected to lead to more losses and distressed sales, according to Commerzbank's real estate head, Henning Koch. Germany's property sector is experiencing its worst slump since the 2007-09 financial crisis due to a rise in borrowing costs and increased risky lending. Koch expects more investors to withdraw funds and more forced sellers to emerge as the crisis continues.
March 14, 2024
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