Home prices in Germany will fall more sharply this year and next than previously thought as higher interest rates dampen demand, according to analysts in a Reuters poll who said rental affordability in urban areas would worsen over the coming years
If realised, it would be the first annual decline at least since official data started in 2016.
"As the current rate hike cycle is the most aggressive one since the start of the monetary union, it will take a while before the housing market correction will bottom out. Also, the rebound after the bottoming out could be weaker than many currently think," said Carsten Brzeski, global head of macro at ING.
Nearly three-quarters of respondents, 8 of 11, said home ownership would decrease over the next two to three years.by the German Property Federation , which noted the housing shortage was at its worst in 20 years. A strong majority, 10 of 12, said affordability in the urban home rental market would worsen over the next two years.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Futures rise after Wall Street's worst weekly rout of 2023 By Reuters*U.S. STOCK FUTURES POINT TO HIGHER OPEN AFTER WORST WEEKLY ROUT OF 2023 - $DIA $SPY $QQQ 🇺🇸🇺🇸
Baca lebih lajut »
Fashion industry needs to better prioritize sustainability | Reuters VideoFashion designer Ozwald Boateng urges the fashion industry to prioritize sustainability during an exclusive interview with Reuters and Artic Basecamp at Davos. Boateng sees promise in Africa taking the lead, but a lack of capital hinders industry growth on a continent deeply impacted by climate change.
Baca lebih lajut »
Stocks close slightly up after prior week's selloff By Reuters⚠️BREAKING: *WALL STREET BOUNCES MODESTLY AFTER LAST WEEK'S SELLOFF AS DIP BUYERS SNAP UP TECH SHARES - $DIA $SPY $QQQ $IWM 🇺🇸🇺🇸
Baca lebih lajut »
BVTV: Africa’s default peril | Reuters VideoTwo decades of frantic borrowing from China have left many African states in deep economic uncertainty. Securing a bailout is tricky due to divisions between Western creditors and the People’s Republic, says Pamela Barbaglia. If unresolved, the crisis will further fuel migration.
Baca lebih lajut »
Celebrating Ash Monday with a 'flour war' | Pictures | ReutersA couple embraces as revelers celebrate Ash Monday by participating in a colorful 'flour war', a traditional festivity marking the end of the carnival season and the start of the 40-day Lent period un
Baca lebih lajut »
Reuters reporters' online accounts faked to approach China activistsTwo Reuters journalists had their identities faked by an unknown person or people who then used sham social media accounts to engage with Chinese activists on several online platforms over several months
Baca lebih lajut »