Potential consequences must be assessed ex ante and, in a fourth step, the impact of these measures has to be analysed as precisely as possible ex post. However, we’re not quite there yet, which means that priority should be given to observing the risk situation. Where is the real-estate sector in Germany headed?
Residential property prices in Germany have risen sharply over the last few years, particularly in the big cities, climbing by just over 5%4 in the first half of 2016 alone, and thus more strongly than the general price level, which was up by +0.3% during the same period (half-year value, measured in terms of the consumer price index).