Statement by Francesco Fedele, CEO of BF.direkt AG, on the ECB interest rate decision
"The ECB's decision to leave key interest rates unchanged for the fourth time in a row is the right one. This is because the fundamentals of the eurozone economy have not changed significantly. Inflation remains close to the target of two percent.
The real estate industry has largely adjusted to the interest rate plateau. The interest rates can be planned and provide security. New financing is currently only realised on the basis of solid business models and conservative lending processes.
We believe only to a limited extent that the real estate crisis has been overcome. Rather, we assume that individual types of use such as logistics and housing offer high demand and good financing options. However, other segments such as office and retail remain under pressure; further devaluations are to be expected. The market works, but continues to face challenges, for example with extensions."
