Germany's Housing Market Is Facing a Serious Downturn in Prices, Analysts Say

"We already saw the steepest price declines if you look month-over-month — this was in June and July … In August, September and October the price declines are already below 1% … So there is some positive momentum here if you look from an investor's perspective."

And while the language used may vary, many analysts are forecasting a dip in Germany's housing market. The definition doesn't suit the German property market as a whole though, UBS Real Estate Strategist Thomas Veraguth told CNBC. "On balance, house prices are still rising, albeit at a slower pace," Buch said."That said, there are no signs of a severe slump in real estate prices or of overvaluations receding."

"It's likely we will have to revise up our price forecasts for Germany for this year," Sylvain Broyer, EMEA chief economist at S&P Global Ratings, told CNBC.Broyer also said it will take time for a change in financial conditions and fiscal tightening to trickle down and affect the housing demand.

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Germany's housing market is ripe for a serious price correction, economists warnThe German housing market has been strong for decades, but economics have some concerns. Wonder how their oil and gas supply is doing. realDonaldTrump warned them and they laughed. Berlin, Germany 33 degrees. 🥶 LiberalismIsAMentalDisorder Yeah right. Believe when you see it. Feel free to come over and see for yourself. A serious shortage The end is near, don’t buy a property in this market….
Source: CNBC - 🏆 12. / 72 Read more »

Housing market: Why Utah's top home builder met with Mitt RomneyIt was a whirlwind, three-day trip to Washington, D.C., for Clark Ivory and his team. Almost to the hour, the itinerary was jam-packed with all things housing. 🖕romney Money… that is why he met with Romney. Follow the money. Over populate, grow green lawns, use up the water supply, pollution, garbage, and completely crush all other infrastructure. Just to make a buck. Vermin.
Source: KSLcom - 🏆 549. / 51 Read more »