Immobilien Zeitung published a market commentary by Ronny Kazyska on the residential investment market. The article appeared on 14 April 2022 in issue IZ 15/2022.
The commentary focused on whether energy-related requirements, rising financing costs, and macroeconomic uncertainty could trigger a significant price correction in residential investments.
Kazyska assessed price developments based on land prices, construction costs, rents, inflation, vacancy rates, new construction activity, and alternative investment options. His central assessment was that the greatest risk for residential investments was not posed by individual regulatory requirements, but by a possible recession resulting from geopolitical and energy-related disruptions.
The commentary shows the assessment of real estate market developments based on market mechanics, capital market conditions, and macroeconomic risks.
