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Allianz CFO Maximilian Zimmerer fears German real estate bubble

Posted on 22 October 2012

Fears of inflation triggered by a wave of new money from the European Central Bank could push German consumers into the real estate market, creating a property bubble, German insurer Allianz’s finance chief said.
“The central banks are flooding the world with cheap money. Low interest rates over a long period of time always lead to mal-investments. The real estate bubbles in the U.S., Spain or Ireland proved this,” Maximilian Zimmerer told German daily Sueddeutsche Zeitung. Germany could be the next in line, he said. “The bubble would not likely be driven by institutional investors, but rather by private investors fleeing into tangible assets out of fear of inflation and a collapse in the euro.”……………………………………….Full Article: Source


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