House prices in German towns may be overvalued by 30% - Bundesbank
Overall housing market risk still seems to be “limited”, Bundesbank says
The Deutsche Bundesbank says its calculations for 2016 indicate that German residential real estate in towns and cities may have been “overvalued by between 15% and 30%”.
“Overall, the risks stemming from housing loans still appear to be limited,” the Bundesbank says in a summary of its latest financial stability report, published on November 29. Other indicators of possible risk, such as credit growth and lending standards, “are not showing any abnormal behaviour at present”, the central bank
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