Home Real Estate Price rises in German housing market to ease but affordability worsen

Price rises in German housing market to ease but affordability worsen

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A house is illuminated in front of the skyline of Frankfurt as the spread of the coronavirus disease (COVID-19) continues during a foggy morning in Kronberg, Germany, November 24, 2021. REUTERS/Kai Pfaffenbach

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LONDON, Nov 30 (Reuters) – Price growth in Germany’s overvalued property market looks set to ease in coming years but affordability will worsen as supply constraints keep values elevated, offsetting a negative impact from tighter monetary policy, a Reuters poll found.

After soaring an estimated 10.0% this year prices will rise 6.0% next year, 4.0% in 2023 and 2.0% in 2024, according to the median estimate of 11 property market experts polled by Reuters Nov. 18-29.

But respondents were unanimous in saying affordability would worsen over the next two to three years.

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“The continuing price increase, especially in metropolitan areas,…

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