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As expected, the ECB has left the deposit rate at 2.0 percent, sending a clear signal of monetary policy continuity

Stefan Hoenen (Copyright: HCOB)

As expected, the ECB has left the deposit rate at 2.0 percent, sending a clear signal of monetary policy continuity. For commercial real estate investors, this decision creates a stable basis for calculation and increases planning security for long-term commitments. The persistently favourable financing conditions promote the willingness to invest in modern and sustainable residential and commercial space – an impetus from which the real economy also benefits, as companies can take advantage of better location options as tenants.

Stefan Hoenen
Head of Commercial Real Estate, Hamburg Commercial Bank

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