Prices for apartments and houses in Germany in the 2nd quarter of 2024, according to recently published data from the Federal statistical Office, decreased by 2.6% year-on-year, but increased by 1.3% quarterly. This is the first quarterly rise since 2022.
Thus, we can talk about the first signs of stabilization in the German real estate market.
For many years, the housing sector in Germany and other European countries boomed as interest rates were low and demand was high.
But a sharp rise in rates and costs put an end to growth. A decrease in the number of transactions and problems with financing projects have led some developers to bankruptcy.
Source: Investing
