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Fewer and fewer house purchases: sales on the real estate market collapse by 29 percent

German real estate sales slumped to 2022.279 billion euros in 4 – a decline of 17.2 percent compared to the record year 2021. The number of transaction cases had fallen by 16.1 percent to 787,700 in the same period of the year. For owner-occupiers, buying real estate is becoming increasingly difficult as financing costs rise and high inflation reduces purchasing power. The inflation rate is far from the central banks' targets, so that interest rates are not expected to ease in the medium term.

Forecast: Real estate market continues to decline sharply -September 14, 2023 at 12:12 am EDT

After the slump in the previous year, the German real estate market is slowing down even more in the current year, according to a study. Based on the deals registered at the half-year point, the.

Tinder for flat seekers: How a new German app wants to revolutionise the rental market

Tinder for flat seekers: How a new German app wants to revolutionise the rental market
thelocal.de - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thelocal.de Daily Mail and Mail on Sunday newspapers.

REVEALED: The German university towns where property prices are rising (and falling)

REVEALED: The German university towns where property prices are rising (and falling)
thelocal.de - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thelocal.de Daily Mail and Mail on Sunday newspapers.

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