German property market surging, with homes in big cities 15-30% overpriced, Bundesbank says
Frankfurt
HOMES in large German cities are between 15 and 30 per cent overpriced, the Bundesbank said on Monday, in a message that is likely to stoke further fears in Europe's strongest economy about the side-effects of monetary stimulus.
The German economy will stay on a strong footing in the coming months thanks to high industrial and construction activity, the central bank said, but it warned that this could not fully account for the surge in residential property prices.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Property
Abu Dhabi builder plans US$6.8 billion luxury housing project
JTC to sell hospitality project being built in Punggol Digital District
Mapletree Logistics Trust posts 2.5% drop in Q4 DPU; manager warns of further headwinds
Abu Dhabi developer Aldar posts 88% in Q1 leap
Without a game changer, Sentosa Cove condos will continue underperforming
Church to tackle US housing crisis