At a recent press conference, German Finance Minister Wolfgang Schaeuble said that the real estate market was in danger of overheating and the formation of a new bubble. German investors do not agree: a recent survey conducted by the Institute of the German Economy in Cologne, revealed positive expectations among market professionals, reports ee24.com citing immobilien-zeitung.de.
The current situation on the market is good, said 87% of respondents. 67% of investors in residential real estate, 60% of project developers and 53% of investors in office buildings believe in the good short-term prospects.
Approximately half of the respondents claim that property prices in Germany in the coming months will continue to grow, the second half of the experts tend to talk about the stabilization, but no one considers the possibility of the fall in prices. The same applies to rental rates: 66% predict their growth, ie an increase in profits for the owners of the premises.