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vdp-Spotlight: German property markets in good shape to face effects of pandemic
vdp analysis on impact of Covid-19 on commercial and residential properties
vdp property price index: So far, pandemic has not managed to stop the increase in residential property prices
vdp property price index
vdp property price index: Momentum in property price trend flattened slightly
vdp property price index rose 5.5% in the second quarter of 2020
Compared to the second quarter of 2019, the property price index published by the Association of German Pfandbrief Banks (vdp) increased by 5.5% and now stands at 166.4 points. Despite this new record high, the first signs of the impact of the COVID-19 crisis on the German real estate market are becoming clear. The index for residential properties, which is based on actual transaction data for the German market as a whole, rose 6.0% in the second quarter of 2020 (Q1 2020: 6.5%), while the index for commercial properties increased by 3.9% (Q1 2020: 5.4%).
vdp welcomes package of measures in support of the German export industry
vdp Chief Executive Jens Tolckmitt:
“Expansion of the securitization guarantee is an important contribution to overcoming the economic fallout of the Covid-19 crisis”
“It’s important to think beyond the Covid-19 crisis”
vdp Chief Executive Jens Tolckmitt on Germany’s EU Presidency.