Reuters
MUNICH (Reuters) -Transactions in Germany's giant yet troubled property market rose slightly in the first nine months of the year, data from JLL showed on Monday, as the global property firm and industry leaders cautioned that a rebound in Europe's largest economy will be slow. Falls in prices of commercial and residential property have begun to taper off, with central bank interest rate cuts in both Europe and the United States helping to stabilise the situation, JLL said. "However, this will not lead to a sudden firework display of sales, and from a neutral perspective, we can only hope for a moderate upturn without exaggerations and unrealistic fantasies," said Helge Scheunemann, head of research at JLL in Germany.