The majority of respondents in a 2024 survey among property investors in Germany expected that the wave of bankruptcies would also spread to construction companies and suppliers. In 2023, Germany was hit by a wave of insolvencies, a result of the challenging economic environment and higher interest rates. In November 2023, the Austrian company Signa Holding filed for insolvency, resulting in the filing of a number of German subsidiaries. A total of 92 percent of respondents agreed that the crisis would spread further to construction companies and suppliers.
Real estate investors' opinion on the development of insolvencies in Germany in 2024
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EY. (January 16, 2024). Real estate investors' opinion on the development of insolvencies in Germany in 2024 [Graph]. In Statista. Retrieved November 21, 2024, from https://www.statista.com/statistics/1454369/risk-of-increased-insolvency-among-construction-and-supply-companies-in-germany/
EY. "Real estate investors' opinion on the development of insolvencies in Germany in 2024." Chart. January 16, 2024. Statista. Accessed November 21, 2024. https://www.statista.com/statistics/1454369/risk-of-increased-insolvency-among-construction-and-supply-companies-in-germany/
EY. (2024). Real estate investors' opinion on the development of insolvencies in Germany in 2024. Statista. Statista Inc.. Accessed: November 21, 2024. https://www.statista.com/statistics/1454369/risk-of-increased-insolvency-among-construction-and-supply-companies-in-germany/
EY. "Real Estate Investors' Opinion on The Development of Insolvencies in Germany in 2024." Statista, Statista Inc., 16 Jan 2024, https://www.statista.com/statistics/1454369/risk-of-increased-insolvency-among-construction-and-supply-companies-in-germany/
EY, Real estate investors' opinion on the development of insolvencies in Germany in 2024 Statista, https://www.statista.com/statistics/1454369/risk-of-increased-insolvency-among-construction-and-supply-companies-in-germany/ (last visited November 21, 2024)
Real estate investors' opinion on the development of insolvencies in Germany in 2024 [Graph], EY, January 16, 2024. [Online]. Available: https://www.statista.com/statistics/1454369/risk-of-increased-insolvency-among-construction-and-supply-companies-in-germany/
