The German real estate market makes up a comparatively large proportion of the overall economy.
(Photo: IMAGO/Rene Traut)
Dusseldorf Interest rates have quadrupled, real estate prices are already falling slightly, new construction projects are being stopped: the real estate market is not only in Germany in the toughest upheaval for decades.
With this in mind, Oxford Economics, one of the world’s leading independent economic advisory firms, has analyzed when a slump in the real estate market could hit the overall economy particularly hard.
The basis for this was an analysis of risk factors in 22 countries examined. The result for Germany: In comparison, the German real estate market is considered to be quite risky. The author only rates Canada, Taiwan, Finland and New Zealand as more vulnerable to the crisis. Oxford Economics created the ranking based on three economic indicators:
1. Share of housing investment in GDP at the height of the boom
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