Germany's Housing Market Is Red Hot, But Don't Call It a Bubble
- Homes in many cities are now overvalued, the government says
- More powers have been given to regulator on lending policies
This article is for subscribers only.
Grit Hildebrandt finally found her dream house near the German city of Rostock two years ago, paying more than 10 percent over the asking price to beat the other bidders. She’s now glad she’s on the other side in the country’s red-hot housing market.
“When you really like a place and there are so few others available, you just have to bite the bullet,” the 38-year-old banker said by phone. “It’s an absolute seller’s market, and they know it.”