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Bundes Bank Head Quarters Frankfurt Gemany The Bundesbank said on Monday that property in German cities was overpriced, in its clearest warning yet of the risks facing home buyers as migrants and low borrowing costs push up demand in Europe's economic powerhouse. Unlike London and Dublin , which have seen prices seesaw over decades, German cities such as Frankfurt and Hamburg have historically been stable , with only modest price increases. source : Bundes Bank    This trend, however, has changed in recent years as low interest rates make it cheaper to borrow. At the same time, low rates prompt savers, frustrated by dwindling returns, to spend on ever-more-expensive property. Year on Year percentage change residential price index source : Bundes Bank  In its m onthly report, the Bundesbank broke with its typically reserved stance to highlight a risk that city apartments in particular, which have risen by about 6 percent annually for ...