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【CNBC】German property market will slow — but no significant correction ahead, central bank says

【CNBC】German property market will slow — but no significant correction ahead, central bank says

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  • Claudia Buch, vice president of the Bundesbank, told CNBC there had not been a reversal of the “overall dynamic” in the housing market so there would still be overvaluations.
  • German homeowners are less vulnerable to interest rate rises than some elsewhere due to the high proportion of fixed-rate mortgages.
  • The central bank’s Financial Stability Review for 2022 says the German economy is at a “turning point” following price corrections in financial markets.

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