Despite the fact that there is an acute shortage of housing in many German cities, the actual size of units, according to new data from the Federal Statistical Office of Germany (Destatis), had increased in size. Noteworthy, despite the fact that over the past 10 years more than two million units have been added to […]
In an updated economic outlook prepared by The Institute for Economic Research (IFO), a research center based in Munich, it is confirmed that the German economy is to suffer a possible decrease reaching as high as 6.6% in 2020 due to the COVID-19 outbreak, which is worse than the 5.7% recession caused by the 2009 financial crisis.
Contrary to a number of gloomy forecasts that were heard earlier, the coronavirus pandemic could not bring down the real estate market in Germany.
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