Unfortunately I doubt that the mortgage situation in Germany for foreigners will improve very quickly in the short term future.

With regards to Subprime ripple effects in Germany, there are some pretty impressive ripples.

Just recently Bayern LB announced a write down of 4.3 bn Euros, West LB revealed a net loss of 1.6 billion euros in 2007, Deutsche Bank AG expects write-downs of around 2.5 billion euros in the first quarter of 2008 and UBS projected around 7 billion euros (12.5 bn CHF) in write downs.

IKB of course was the first to announce expected losses back in 2007 however the expected 800m loss was recently announced to be "only" 200m.

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Yes, I work for a Real Estate company doing market research and analysis but I'm not involved in sales.

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