New buildings in Frankfurt’s Europaviertel: Most companies expect that many approved projects will not be completed for the time being.
(Photo: dpa)
Frankfurt Rising construction interest rates, high inflation, less demand: prices on the German real estate market have come under significant pressure in recent months. Nevertheless, the supply of residential real estate is still high, especially in the major cities.
Data from mortgage lenders and analysis companies in the industry recently even sent initial indications that prices could rise again. What do real estate companies see?
The new industry index of the Cologne Institute for Economic Research (IW) in cooperation with the central real estate association ZIA, which is available to the Handelsblatt in advance, provides an important mood test. Managers and executives of around 1,200 real estate companies were surveyed for the quarterly index, of which a good 400 companies regularly take part in the study.
Do the professionals already foresee a new trend reversal? The clear and sobering answer is: No.
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