FRANKFURT (dpa-AFX) - Real estate stocks benefited on Wednesday morning from the first inflation figures from Germany and speculation about falling key interest rates in the USA. The Stoxx Europe 600 Real Estate returned to its monthly high since March following signs of a further fall in inflation rates in October. For a long time, the sector suffered particularly from the sharp rise in interest rates as part of the fight against inflation.

Vonovia and LEG Immobilien were among the favorites in the Dax and MDax this morning, gaining around 3 percent. Both are now up a good 18% in 2023, having initially lost 30% and 25% respectively over the course of the year.

Following the publication of a loss for the first nine months in the morning, Aroundtown fell by up to 11%. Recently, however, they turned around at the 50-day line in view of the strength of the sector and were still down 7.5 percent./ag/jha/