The company’s share price has fallen significantly since the beginning of the year.
(Photo: Reuters)
Dusseldorf, Munich It’s not an easy year for real estate stocks. Since the beginning of the year, Vonovia, Germany’s largest real estate group, has lost almost 60 percent of its value on the stock exchange and is currently trading at around 20 euros. Since the beginning of September alone, the loss has been more than a fifth.
The competition isn’t faring any better either. In the past three years, the shares in the RX Real Estate Index have fallen by an average of 55 percent – much more than the Dax. Many market observers are therefore wondering when the bottom has been reached and what potential there is in real estate values.
Study on real estate shares: Experts are cautiously optimistic
According to the “Kirchhoff mood indicator real estate shares”, a study by the Hamburg agency for financial and corporate communication Kirchhoff Consult, which is available to the Handelsblatt in advance, the mood among professionals after the losses is cautiously optimistic.
Read on now
Get access to this and every other article in the
Web and in our app free of charge for 4 weeks.
Continue
Read on now
Get access to this and every other article in the
Web and in our app free of charge for 4 weeks.
Continue