German housing market getting 'too expensive'
The country's No 2 landlord says this as it scales back acquisitions and refinances debt
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
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 don't justify the prices being paid, Deutsche Wohnen AG chief executive officer Michael Zahn, 52, said in an interview. Instead, the Berlin-based company is scaling back acquisitions and refinancing debt.
Share with us your feedback on BT's products and services
TRENDING NOW
From 1MDB to ‘corporate mafia’: Is Malaysia facing a new governance test?
Middle East-linked energy supply shocks put Asean Power Grid back in focus
Beijing’s calculated silence on the Iran war
DPM Gan warns of 3 structural shifts to the global system that will bring greater challenges – and opportunities
