Dombret: Must Keep Eye on Domestic Real Estate Market
News from Fox Business:

An executive board member of the Deutsche Bundesbank said Monday that although there aren’t any signs of a domestic housing bubble in residential real estate yet, regulators and supervisors must watch the market closely.

In a speech to be delivered in Hamburg and provided in advance by the Bundesbank, Andreas Dombret, the board member responsible for financial stability said that despite price rises last year of over 8% for residential real estate in Germany’s seven largest cities, concerns that prices in the market would reach an unsustainable level and then decline are exaggerated.

Mr. Dombret said that when compared internationally, prices had previously grown at a below average clip and that the “strong upward movement in recent times can thus be seen as a recovery process.” Furthermore, differences between regions in Germany are quite pronounced, he said.

“Thus one cannot speak up to now of a price bubble in residential real estate in Germany as a whole,” he concluded. However at the end of his remarks, he said, in the context of stability risks from low interest rates, that the residential real estate market required “continuous monitoring.”

Mr. Dombret also reiterated a common argument in Germany and the Bundesbank that monetary policy should not lose sight of an exit from extraordinary monetary policy “and carry it out when warranted…………… continues on Fox Business

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The sunken tub inside the master bathroom has potential. But the dusty, dated black countertop is a goner.

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The three-bedroom mint green residence on Northwest 72nd Terrace in Lauderhill also is getting a paint job, new carpeting and appliances — all part of a facelift designed to attract a renter willing to pay more than $ 2,000 a month.

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