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We believe that the time to invest in the German Property sector is very interesting.

Indeed, the turmoil in Europe has resulted in an overreaction by the German property sector.

• Stocks of the major property market players have shrunk by around 40% since beginning of the Ukraine crisis.

• More than half of the German population are renting their housing. This basic need will be maintained as does the income source for the underlying.

• Despite inflation and interest rates increase the need for housing is strong, housing vacancy is at 1.4%