Exclusives | Europe

German landlord TAG warns home prices could fall 30% from peak

7 February 2024, 12:00 am

1 min read

FILE PHOTO: Cranes of a construction site are seen near a residential building, ahead of the summit for affordable housing and construction at the Chancellery in Berlin, Germany September 25, 2023. REUTERS/Lisi Niesner/File Photo

Reuters exclusively reported that German home prices could fall as much as 30% below their 2022 peak, according to one of the country’s largest landlords, in a more pessimistic assessment than rivals highlighting the continued threat posed to Europe’s biggest economy.