Nice visual clue as to where German RE opportunities will emerge ...
The collapse in resi permitting is a very clear signal to the stress and distress ...
![](https://cdn-images.postach.io/e4d478e1-5ef5-4078-9a0f-d7c668d44800/28d2bd32-babd-3a5c-bd40-2c786b81761b/f433fcc5-de3d-8dac-fab8-d7a1e3f89727.png)
Put that into context across Europe & globally ... remembering that almost the entire German CRE REIT universe is regulated RESI ...
![](https://cdn-images.postach.io/e4d478e1-5ef5-4078-9a0f-d7c668d44800/28d2bd32-babd-3a5c-bd40-2c786b81761b/e869d267-b698-f421-f0fd-85683303a9fa.png)