In the ECB’s survey, reported inflation expectations for German households three years ahead are currently 2%, while they are 5% in the survey conducted by the Deutsche Bundesbank (Slide 13, left-hand side). Differences of that size complicate the assessment as to whether expectations are anchored or not.
For example, selling the properties in bulk to investors to rent out has proven difficult at times because of lack of financing, although the GSEs have just announced a pilot program to facilitate such purchases.