'Real estate stocks rise-Vonovia strengthens after reporting financials.'

Frankfurt (dpa-AFX) - Hope for interest rate action at a U.S. summit continued to push real estate stocks up on Friday. The Stoxx Europe 600 Real Estate was the clear leader in the European market with double-digit weekly gains. It continued its 2.7 percent gain for the day.

Rising interest rates to combat high inflation is poison for companies. Accordingly, the index fell to its lowest level since 2012 in late October. However, the U.S. Federal Reserve's second pause in interest rates has sparked a significant recovery. Investors are hopeful that interest rates will come down next year. U.S.

Real Estate Companies''Will benefit from lower interest rates. Valuations will rise again and real estate financing will no longer be as much of a burden for developers as it has been recently.

Shares in Vonovia jumped to 24.72 euros on Friday, reaching their highest level since February, after recently rising 5.6 percent to 24 euros at the top of Dax. Germany's largest real estate group reported business figures and new construction project sales of about 357 million euros for CBRE Investment Management. In total, the Bochum-based company generated revenues of about 3.7 billion euros this year through the sale of residential properties and the sale of stakes in its asset-based real estate portfolio. "This is very positive news," said one of the''Borsianov. "The reduction in liabilities is progressing well. "

The major Swiss bank UBS has maintained a buy recommendation on Vonovia shares. Further progress on apartment sales is an important message, the call says. Vonovia continues to make progress in sales, analysts at JPMorgan wrote.

The real estate stocks in the MDax and SDax also posted price gains, with < shares rising more than three percent, for example, and Patrizia adding 5.8 percent.