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Business & Finance
07 February 2024, 4:32 pm 1 minute
Reuters exclusively reported that one of Germany’s largest landlords TAG Immobilien is bracing for a crash in home prices of up to 30%, a far steeper fall than expected by peers, news that was followed widely in the German media and grabbed the attention of analysts and investors, sending the company’s stock, and that of its chief rivals, down.
Market Impact
TAG Immobilen co-CEO Martin Thiel painted a bleak picture for Europe’s biggest residential property market, which has already seen prices tumble by around 10% in Germany’s worst property crash in a generation.
Article Tags
Topics of Interest: Business & Finance
Type: Reuters Best
Sectors: Financial ServicesReal Estate
Regions: Europe
Countries: Germany
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Significant National Story
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