German real estate stocks up after German elections

TAG Immobilien AG

24/02/2025 10:35

** Shares in German real estate stocks rise between 4% and
6% after Germany's conservatives won the national election
    ** "With the election outcome, any debt break reform has to
be supported by at least one of the extreme parties which makes
it somehow difficult," Oddo BHF analyst Manuel Martin says 
    ** "This could prevent interest rates going substantially
higher and be therefore supportive for the interest rate
sensitive German real estate stocks," Martin concludes
    ** Shares in Vonovia  VNAn.DE , LEG Immobilien  LEGn.DE ,
Deutsche Wohnen  DWNG.DE , and TAG Immobilien  TEGG.DE  rise 4%,
4.5%, 4.7% and 6.2%, respectively
    ** The pan-European STOXX real estate index  .SX86P  is also
up 1.6%, among the best performers on the wider STOXX 600
 .STOXX  index, which is up 0.23%

 (Reporting by Ozan Ergenay)
 ((ozan.ergenay@thomsonreuters.com))