Mon, 21 Oct 2013 13:18:04 GMT
Bundesbank: German home prices are overvalued
According to the research of German Bundesbank, the property prices in the country are strongly overvalued, probably by 20%, as the demand for new houses surges on a faster pace than construction. It is said that apartments in Berlin, Frankfurt, Stuttgart, Hamburg and Munich became 25% more expensive since 2010, while one of the reasons of such an increase could