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Top related persons:
Sebastian Schnejdar - 2 Carsten Brzeski - 2 Indradip Ghosh - 2 Ross Finley - 2 Lisi Niesner - 1 Purujit Arun - 1 Rahul Trivedi - 1 Sarupya Ganguly - 1
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Search resuls for: "Sebastian Schnejdar"


3 mentions found


☆ German home prices to plunge further; no respite from surging rents
  + stars: | 2023-11-24 | by ( Indradip Ghosh | Thomson Reuters | Reports On The Outlook For Major Economies | ) www.reuters.com   time to read: +4 min
With some German property developers filing for insolvency, construction activity has dropped over a third from a year ago. That bleak outlook was despite the government recently announcing a 45 billion euro ($47 billion) support package for the property sector and measures to encourage house building, including tax incentives. With overall economic activity expected to remain weak over the coming quarters, it could take a while for the property sector to recover. The euro zone's commercial property sector could also struggle for years, posing a threat to the banks and investors who financed it, the ECB said recently. The median view of 12 property experts forecast average home rental prices to rise 4.0% or more until 2026.
Persons: Lisi Niesner, Sebastian Schnejdar, Carsten Brzeski, Indradip Ghosh, Purujit Arun, Rahul Trivedi, Sarupya Ganguly, Ross Finley, David Evans Organizations: REUTERS, European Central Bank, ECB, ING, Thomson Locations: Berlin, Germany, BENGALURU
☆ Germany home prices to fall in 2023 but rents to keep rising
  + stars: | 2023-08-31 | by ( Indradip Ghosh | Thomson Reuters | Reports On The Outlook For Major Economies | ) www.reuters.com   time to read: +4 min
With average house prices having surged 25% during the COVID-19 pandemic, higher interest rates and higher living costs in a struggling economy have driven many to rent while they anticipate house prices will fall. All but one predicted prices would fall this year. House prices were forecast to stagnate next year, an upgrade compared to the 2.0% fall predicted three months ago. That comes after many years of close to zero and negative policy interest rates following the global financial crisis and during the pandemic. Eleven of 14 respondents said rental affordability would worsen over the coming year.
Persons: Thomas Peter, Carsten Brzeski, Brzeski, Sebastian Schnejdar, Indradip Ghosh, Anitta Sunil, Maneesh Kumar, Ross Finley, Barbara Lewis Organizations: REUTERS, Reuters, Housing, ING, European Central Bank, Analysts, Thomson Locations: Berlin, Germany, Europe's
☆ Germany home prices to sink nearly 6% this year
  + stars: | 2023-02-28 | by ( Indradip Ghosh | ) www.reuters.com   time to read: +3 min
Twin pressures from a high inflation-induced cost of living crisis alongside fast-rising interest rates have forced many Germans to forgo dreams of owning a home and instead continue in rented accommodation. With the European Central Bank expected to hike interest rates at least twice more in coming months and inflation still running around 9%, that trend is unlikely to reverse soon. Average home prices in Germany, Europe's biggest economy, are forecast to decline 5.8% this year and 2.5% next year, according to the Feb. 16-27 poll of 12 property experts. Rental prices were expected to increase 3.5% this year and next and 4.0% in 2025, the latest Reuters survey showed. A strong majority, 10 of 12, said affordability in the urban home rental market would worsen over the next two years.
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