Maghull Mike Posted December 22, 2023 Share Posted December 22, 2023 House prices in Germany dropped by a record 10.2pc in the third quarter in a further sign of the struggles faced by Europe’s largest economy since the pandemic. It was the fourth consecutive quarter of declines compared to the same time a year earlier, and the biggest since Germany’s statistics office began keeping records in the year 2000. The drop comes amid the biggest property crisis in decades in Europe’s largest economy. Konstantin Kholodilin of the German Institute for Economic Research said: “Until 2022, there was a speculative price bubble in Germany, one of the biggest in the last 50 years. “Prices have been falling ever since. The bubble has burst.” For years, the property sector in Germany and elsewhere in Europe boomed as interest rates were low and demand strong. But a sharp rise in rates and costs has put an end to the run, tipping developers into insolvency as bank financing dries up and deals freeze. It comes as official data showed Germany is the worst performing G7 economy since the pandemic, growing by just 0.3pc. Britain slipped back behind France to be the next worst performer after downward revisions to growth left the UK on the brink of recession. Quote Link to comment Share on other sites More sharing options...
Stewy Posted December 22, 2023 Share Posted December 22, 2023 Definitely no Plateauing there 😆 Quote Link to comment Share on other sites More sharing options...
ExeC-UK Posted December 22, 2023 Share Posted December 22, 2023 housepricecrash.de Quote Link to comment Share on other sites More sharing options...
TenYearToGetMyMoneyBack Posted December 22, 2023 Share Posted December 22, 2023 8 minutes ago, ExeC-UK said: housepricecrash.de Absturz_der_Hauspreise.de Quote Link to comment Share on other sites More sharing options...
Maghull Mike Posted December 22, 2023 Author Share Posted December 22, 2023 Quote Link to comment Share on other sites More sharing options...
Casual-observer Posted December 22, 2023 Share Posted December 22, 2023 Or in other words.....Germany without cheap Russian gas. Quote Link to comment Share on other sites More sharing options...
Maghull Mike Posted December 22, 2023 Author Share Posted December 22, 2023 What a lovely early Xmas prezzy................ Quote Link to comment Share on other sites More sharing options...
whitemice Posted December 22, 2023 Share Posted December 22, 2023 (edited) Obviously I ended up buying just before the peak. 🤦♂️ Edited December 22, 2023 by whitemice Quote Link to comment Share on other sites More sharing options...
Frankie Teardrop Posted December 22, 2023 Share Posted December 22, 2023 Being imported to the UK next year... Quote Link to comment Share on other sites More sharing options...
zugzwang Posted December 22, 2023 Share Posted December 22, 2023 An Xmas present from Moscow. 🤙 Quote Link to comment Share on other sites More sharing options...
yodigo Posted December 22, 2023 Share Posted December 22, 2023 6 minutes ago, zugzwang said: An Xmas present from Moscow. 🤙 or may be not https://uk.finance.yahoo.com/news/uk-property-sales-demand-well-050146696.html Quote Link to comment Share on other sites More sharing options...
Tony_Teacake Posted December 22, 2023 Share Posted December 22, 2023 14 minutes ago, Frankie Teardrop said: Being imported to the UK next year... That's right. Isn't it funny how many people in the UK think we won't be affected. Quote Link to comment Share on other sites More sharing options...
Maghull Mike Posted December 22, 2023 Author Share Posted December 22, 2023 You know, you just know "They" do ANYTHING & EVERYTHING to avoid this.............. Quote Link to comment Share on other sites More sharing options...
Maghull Mike Posted December 22, 2023 Author Share Posted December 22, 2023 Quote Link to comment Share on other sites More sharing options...
Casual-observer Posted December 22, 2023 Share Posted December 22, 2023 8 minutes ago, Maghull Mike said: The comments are rightly ripping him a new one. "How does Germany become a military heavyweight if their industrial collapse is imminent"? You cannot make new energy solutions up on the fly, nor can you rebuild your military on the fly. These things take at least a decade of planning. Quote Link to comment Share on other sites More sharing options...
Stewy Posted December 22, 2023 Share Posted December 22, 2023 1 minute ago, Casual-observer said: The comments are rightly ripping him a new one. "How does Germany become a military heavyweight if their industrial collapse is imminent"? You cannot make new energy solutions up on the fly, nor can you rebuild your military on the fly. These things take at least a decade of planning. They've just signed a big gas deal with Norway right? Quote Link to comment Share on other sites More sharing options...
Casual-observer Posted December 22, 2023 Share Posted December 22, 2023 3 minutes ago, Stewy said: They've just signed a big gas deal with Norway right? Yes, and? Quote Link to comment Share on other sites More sharing options...
TenYearToGetMyMoneyBack Posted December 22, 2023 Share Posted December 22, 2023 5 minutes ago, Casual-observer said: The comments are rightly ripping him a new one. "How does Germany become a military heavyweight if their industrial collapse is imminent"? You cannot make new energy solutions up on the fly, nor can you rebuild your military on the fly. These things take at least a decade of planning. The early 1940s shows otherwise. Need high quality Aero Engines ? Get a car manufacturer to build them for you. https://en.wikipedia.org/wiki/Packard_V-1650_Merlin Quote Link to comment Share on other sites More sharing options...
Stewy Posted December 22, 2023 Share Posted December 22, 2023 11 minutes ago, Casual-observer said: Yes, and? A new energy solution on the fly. Like American LNG. Quote Link to comment Share on other sites More sharing options...
Casual-observer Posted December 22, 2023 Share Posted December 22, 2023 3 minutes ago, TenYearToGetMyMoneyBack said: The early 1940s shows otherwise. Need high quality Aero Engines ? Get a car manufacturer to build them for you. https://en.wikipedia.org/wiki/Packard_V-1650_Merlin Just to clarify the comments are merely requoting Zeihans opinions back to him. Germany's current industrial base relied predominantly on cheap Russian gas to be as competitive as it was and in addition a huge Russian domestic market to sell into. Without both components it's going to see a decline regardless, if Norwegian energy could have offered a better alterative these deals would already be in existence over Russian alternatives. It's somewhat of a contradiction for Zeihan to rightly point all this out and yet release a new video suggesting Germany is now on the cusp of becoming a huge military power for Russia to fear whilst its economy is simultaneously reeling off of the back of reduced access to Russia's economy. The two positions clearly don't jive. Quote Link to comment Share on other sites More sharing options...
MARTINX9 Posted December 22, 2023 Share Posted December 22, 2023 2 hours ago, Casual-observer said: Or in other words.....Germany without cheap Russian gas. And also starting to exercise more control over their borders so less additional housing demand year on year for rental etc - and post the Polish election they will be able to ship a few across the Polish border. Quote Link to comment Share on other sites More sharing options...
Casual-observer Posted December 22, 2023 Share Posted December 22, 2023 (edited) 24 minutes ago, Stewy said: A new energy solution on the fly. Like American LNG. That's without context. Will it offer the equivalent advantage that Russian gas originally offered to Germany in the first place?....The very reason as to why Germany favoured Russia gas that their current economic model was based off. i.e. it's cheap, it's piped and it's stable. As I have already said had these alternatives held an advantage then they'd already be in existence. Edited December 22, 2023 by Casual-observer Quote Link to comment Share on other sites More sharing options...
Maghull Mike Posted December 22, 2023 Author Share Posted December 22, 2023 ....................am sure they come up with a "Master plan" Quote Link to comment Share on other sites More sharing options...
winkie Posted December 22, 2023 Share Posted December 22, 2023 1 hour ago, Tony_Teacake said: That's right. Isn't it funny how many people in the UK think we won't be affected. Lower house prices is not a bad thing, a correction, am sure many priced out Germans would welcome cheaper homes to rent and buy.....we are connected, what happens up or down the road will find its way here..... Quote Link to comment Share on other sites More sharing options...
Housepricecrash91 Posted December 22, 2023 Share Posted December 22, 2023 The Germans are leading the way when it comes to crashes. The UK should follow their lead Quote Link to comment Share on other sites More sharing options...
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