German housing market: History suggests it is an inflation hedge
Jochen MöbertWe calculate a nominal and real return triangle for German house prices from 1970 to 2022.
We calculate a nominal and real return triangle for German house prices from 1970 to 2022. The market offered an inflation hedge in the past. This is in particular true for periods of high inflation as in these periods house prices even exceeded inflation. The huge supply shortage and rising rents are further arguments for a bottoming out of house prices in 2023.
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