German home prices are rising at the fastest pace in decades, reviving talk of a property bubble. Michael Zahn’s company owns more than 160,000 apartments and he’s having none of it.
“For 20 years, we had no growth in Germany at all – nothing,” the 54-year-old chief executive of Deutsche Wohnen said in an interview. “We’re now making up for lost ground, but that doesn’t mean the market has peaked.”
German homes have appreciated by about 60…
Source : South China Morning Post
Read more…German property prices making up for lost time, stoking bubble concerns
