Germany, Europe’s economic giant, continues to prop up the flagging balance sheets of its fellow Eurozone members. However, with its latest approval of aid to Cyprus, Germany’s electorate is suffering bail-out fatigue and there are concerns closer to home. Germany’s GDP is forecast to rise by only 0.5% in 2013, below that of the Eurozone as a whole (0.6%) and a far cry from the 3.1% it achieved in 2011. However, although economic indicators may be weakening, the outlook for property prices is more upbeat.
Source : Knight Frank