DZ HYP：2023-2024年德国房地产市场报告（英文版）

The situation is serious. Germany is bringing up the rear in the Eurozone in terms of macroeconomic growth. The prospects for the German economy are also gloomy. Other countries are also suffering from the sharp hike in interest rates, but have managed to avoid recession. Structural obstacles such as bureaucracy, demographics, energy prices and infrastructural deficiencies are braking the economy. There is virtually no investment, orders in important sectors such as automobiles, construction and