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Germany likely in recession, Bundesbank says

Germany likely in recession, Bundesbank says

© Reuters. People watch the rising sun which illuminates Berlin’s skyline, framing the Fernsehturm (Television Tower) and the Berliner Funkturm (Berlin Radio Tower), Germany, September 7, 2023. REUTERS/Fabrizio Bensch/File Photo FRANKFURT (Reuters) – Germany is likely in recession now as external demand is weak, consumers remain cautious and domestic investment is held back by high…

German homes are still overvalued despite price drop

German homes are still overvalued despite price drop

© Reuters. FILE PHOTO: Apartments are illuminated inside residential buildings at the bank of Berlin-Spandauer-Schifffahrtskanal in Berlin, Germany, November 10, 2023. REUTERS/Lisi Niesner/File Photo FRANKFURT (Reuters) – German homes are still overvalued despite a fall in prices last year as the cost of mortgages spiked, the country’s central bank said on Monday. Germany’s decade-long property…