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German housing market getting 'too expensive'

The country's No 2 landlord says this as it scales back acquisitions and refinances debt

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BETTING ON VALUES: Some investors are willing to outbid one another in a bet that home values will continue to rise, but rents don't justify the prices being paid.

Berlin

GERMANY'S housing market is becoming prohibitively expensive and it's time to prepare for a downturn, according to the head of the country's second-largest landlord.

While some investors are willing to outbid one another in a bet that home values will continue to rise, rents