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Residential property prices in Germany see biggest decline in 23 years

Residential property prices in Germany see biggest decline in 23 years
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Frankfurt am mainFelix pakleppaGerman construction federationInstitute for economic researchStatistical office destatisGerman property federationFederal statistical officeEconomic research

Residential property prices in Germany see biggest decline in 23 years

Residential property prices in Germany see biggest decline in 23 years
bignewsnetwork.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bignewsnetwork.com Daily Mail and Mail on Sunday newspapers.

Frankfurt am mainFelix pakleppaGerman construction federationStatistical office destatisInstitute for economic researchGerman property federationFederal statistical officeEconomic research

Residential property prices in Germany see biggest decline in 23 years

BERLIN, June 23 (Xinhua) Prices for residential real estate in Germany fell by an average of 6.8 percent year-on-year in the first quarter of 2023, the biggest decline since the start of data collection in 2000, the Federal Statistical Office (Destatis) said Friday.

Frankfurt am mainFelix pakleppaInstitute for economic researchStatistical office destatisGerman construction federationGerman property federationFederal statistical officeEconomic research

Slump in construction orders continues

The slump in construction continued in March. Compared to February, orders recovered by 0.9 percent, if price increases and seasonal and calendar influences are excluded, as reported by the Federal. | May 25, 2023

Felix pakleppaCentral association of the construction industryStatistical office onFederal statistical officeCentral associationChief executive felixHochtief ag stock exchangePress releaseHe hot de0006070006

Germany s housing crisis worsens as construction orders fall

The crisis in Germany's housing sector has worsened, with new orders in building construction falling by 29 per cent year-on-year in February, the Federal Statistical Office (Destatis) said.The decline in building construction was also .

Felix pakleppaTim oliver muellerGerman construction industry associationGerman construction federationStatistical office destatisFederal statistical officeGerman construction industry