View of a street with residential buildings in Düsseldorf. Real estate prices have been rising for years. A study by Deutsche Bank is now predicting a turnaround.
(Photo: dpa)
Frankfurt Upwards, always upwards: According to the latest data from the Federal Statistical Office, prices for German residential property rose at a record pace at the end of 2021. From October to December they increased by an average of 12.2 percent compared to the same period last year. But according to a recent study by Deutsche Bank, which was published on Friday, this should come to an end in the foreseeable future.
“We consider the end of the cycle to be very likely in the course of the decade,” predicts Jochen Möbert, real estate expert at Deutsche Bank Research. “Despite all the uncertainty, the average of our various approaches still results in 2024 as the end of the cycle.”
This is important news for many real estate buyers. Möbert even believes that prices may fall slightly in nominal terms. However, he does not fear a market crash.
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