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German house prices under Covid: Cause for alarm or chance?

Covid-19 causes an unknown shock to Germany's economy. Should we worry about home prices falling, or should we use it as a buying chance?

Written by Dr. Christian Mulder

Published on Jun 10, 2020

German house prices under Covid: Cause for alarm or chance?

Category Deep Dive

Written by Dr. Christian Mulder

Published on Jun 10, 2020

Covid-19 is creating an unprecedented shock to the German economy. Should we be worried if German house prices will decline, or take this as an opportunity to buy?

Recent price momentum was very positive
Early data support the notion that the momentum continues to be up
Affordability is great
Housing importance is up
Unemployment could increase though
The interest rate outlook is still subdued
It takes a lot to have prices decline nominally
In conclusion

Dr. Christian Mulder

Dr. Christian is a former Senior Economist and Manager at the IMF and World Bank. He is a Hypofriend Co-founder.

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German House Prices Under Covid

German house prices under Covid: Cause for alarm or chance?

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