Germany’s Property Market Is Looking Very Sickly

08/31/2023 13:26
Germany’s Property Market Is Looking Very Sickly

Add construction and real estate to the nation’s long list of economic problems

Add construction and real estate to the nation’s long list of economic problems 

New Berlin apartment buildings.

Photographer: TOBIAS SCHWARZ/AFP

If Germany is once again the sick man of Europe, its ailing property and construction industries are unlikely to provide an antidote.

Following a decade-long property boom fueled by cheap financing, new construction and mortgage demand are collapsing while residential and office project developers are filing for insolvency in droves.

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Germany’s Property Market Is Looking Very Sickly

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