Commerzbank CEO Sees Brighter Outlook for German Mortgage Market

Germany’s mortgage market has bounced back from an unprecedented slump and could now be poised to benefit from government plans to ramp up spending, according to Commerzbank AG Chief Executive Officer Bettina Orlopp.

After higher borrowing and construction costs hit the housing market, the market for home loans has “clearly recovered,” Orlopp said Friday during an earnings call.