The share price of Europe’s largest housing group has recently come under pressure.
(Photo: dpa)
Frankfurt Confidence was great. Vonovia CEO Rolf Buch spoke of “added value for shareholders” when he promoted the planned merger with Berlin-based competitor Deutsche Wohnen in 2021.
The experienced top manager expressly underlined the benefits of the merger, which finally succeeded at the third attempt, for his shareholders: the challenges on the housing market must be tackled, and that is better possible together.
But a year and a half after the announcement, there is not much evidence of a spirit of optimism among investors. Falling real estate prices, a drastic turnaround in interest rates and persistently high inflation are eroding investor confidence in the Dax 40 group from Bochum – and putting the share price under pressure.
The upheaval in the real estate market is hitting Vonovia hard
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