Prices for apartments and houses in Germany have fallen more sharply in the space of a year than at any time since the year 2000. According to data from the Federal Statistical Office on Friday,.
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.
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.
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