Bubble? What bubble... says German property company


BERLIN: German home prices are rising at the fastest pace in decades, reviving talk of a property bubble. Michael Zahn’s company owns more than 160,000 apartments and he’s having none of it.

“For 20 years, we had no growth in Germany at all – nothing,” the 54-year-old chief executive officer of Deutsche Wohnen SE said in an interview. “We’re now making up for lost ground, but that doesn’t mean the market has peaked.”

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Business , Germany , bubble

   

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