FRANKFURT, March 14 Reuters Vonovia, Germany39;s largest real estate group, on Thursday reported a 6.76 billion euro 7.35 billion loss for 2023, the latest sign of stress in the nation39;s struggling property sector.

That compares with a yearearlier loss of 669.4 million euros, before which the company experienced years of profit, going back to at least 2010, according to LSEG data.

Germany is undergoing a major change of fortune after an end to the era of cheap money that fed a decadelong property boom.

1 0.9187 euros

Reporting by Tom Sims and Matthias Inverardi Editing by Riham Alkousaa, Kirsten Donovan

Source Reuters