German property market plummets – report ...News

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German property market plummets – report
A decade-long boom in deal-making has been slowed by a worsening economic environment, BNP Paribas says The real estate sector in Germany dropped in the last three months of 2022 due to the surging costs of financing and to record inflation in Europe’s largest economy, a report published on Monday by BNP Paribas showed. Investments in the country’s commercial property sector slumped by 50% from October to December, compared to the five-year average for the period, and reached just €9.9 billion ($10.6 billion). The sector took a strong hit as investors shied away from deals due to rising interest rates and an overa

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