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Germany: Must keep eye on domestic real estate market

Posted on 19 February 2013

An executive board member of the Deutsche Bundesbank said Monday that although there aren’t any signs of a domestic housing bubble in residential real estate yet, regulators and supervisors must watch the market closely.
In a speech to be delivered in Hamburg and provided in advance by the Bundesbank, Andreas Dombret, the board member responsible for financial stability said that despite price rises last year of over 8% for residential real estate in Germany’s seven largest cities, concerns that prices in the market would reach an unsustainable level and then decline are exaggerated…………………………………….Full Article: Source

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