www.armstrongeconomics.com
Merkel wants to regulate real estate loans in Germany. The Federal
Government is planning to implement extensive regulations on real estate
loans. Among other things, debtors will be required under certain
circumstances to repay their loans within a given period. The Federal
Government said on Monday that the draft law should be followed by
recommendations from the German Committee on Financial Stability.
While there is no real estate bubble right now, it appears they are
concerned about further capital inflows, perhaps caused by the failed
euro. The new hurdles to be imposed for new loans may have the negative
impact of making sales of property in Germany far more difficult as a
whole. Such schemes have tended to have a negative impact upon price.
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