The turnaround in interest rates and high inflation have recently dampened the mood on the real estate market.
(Photo: dpa)
Frankfurt Rising interest rates, high inflation, falling real estate prices: According to Rolf Buch, CEO of the largest landlord in Germany, a storm is brewing in the German real estate industry. But according to a current survey by the Cologne Institute for Economic Research (IW) in cooperation with the ZIA, the leading industry association, which is available to the Handelsblatt in advance, the industry is now seeing the first glimmers of hope.
The spring survey of real estate companies “documents a slightly recurring optimism in the industry,” according to the study, which will be published on Friday. “The situation for real estate companies is still very difficult,” emphasizes IW expert Ralph Henger, who is a co-author of the study.
“Unfortunately, the slight improvement in the real estate climate does not mean a turnaround for the overall situation,” warns ZIA President Andreas Mattner. An absolute warning sign is that the project developers have never assessed the business situation as bad as it is now.
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