Přehled o publikaci

The German real estate market is characterized by stability and sound regulations, yet it is of great importance to keep an eye on the overall situation on the world markets, because the global economic crisis of 2008 also showed that problems on other markets can lead to considerable damage for the German economy and private households, regardless of whether developments on the domestic market are not a cause for concern. This paper aims to identify commonalities in the developments of the real estate and mortgage markets in order to determine whether, based on current market events and those of the last decade, a total economic loss as in 2008 is also to be feared. The hypothesis is that severe economic crises in Europe or on a global scale can have a strong impact on the German real estate market, even if the origin is not in Germany. The conclusion and outlook summarize the problems and misperceptions that led to the 2008 crisis. How the market in Germany has developed over the last 21 years, which problems can be observed in the current development and where, however, the all-clear could already be given. In addition, an outlook is given as to what consequences the German market can expect in the coming years and what role the changed interest rate level could play in this.