German home prices could fall as much as 30% below their 2022 peak, one of the country's largest landlords told Reuters, in a more pessimistic assessment than rivals highlighting the continued threat posed to Europe's biggest economy. TAG Immobilen co-CEO Martin Thiel painted a bleak picture for Europe's biggest residential property market, which has already seen prices tumble by around 10% in Germany's worst property crash in a generation. "We expect further losses in value," Thiel said, adding that while he expected the fall in valuations to bottom out at 20%, TAG was taking precautions for worse.
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