Detached houses are being built on the outskirts of Hanover. However, the mood in the real estate industry has recently clouded over.
Photo: dpa
(Photo: dpa)
Frankfurt In the German real estate industry, the mood of crisis intensified in the autumn. “The 2022 autumn survey as part of the ZIA-IW Real Estate Sentiment Index (ISI) illustrates a great deal of tension among real estate companies,” says a report by the German Economic Institute (IW) for the ZIA industry association, which was previously available to the Handelsblatt.
The real estate climate has brightened somewhat compared to the previous quarter, but remains at a low level of 0.3 points. “Compared to the previous quarter, the situation of the companies in particular is assessed to be significantly worse, the value is only 21.8 points – a year ago this value was 71.7.”
The real estate sentiment index calculated by the IW slipped into the negative for the first time since it was published in 2014 at minus 5.5 points in the second quarter – and can hardly recover from this setback in the autumn either.
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