Apartments in particular are quickly finding buyers at the moment.
(Photo: dpa)
Frankfurt, Berlin Anyone looking for an apartment or a home in recent years has had to learn a bitter lesson: If you don’t strike quickly, you end up paying even more. In many cities, the average prices for real estate have doubled or even tripled in the past 15 years. Not even the corona pandemic stopped this development.
In the third quarter of 2021 alone, the price of residential real estate rose by an average of twelve percent compared to the same period in the previous year, as the Federal Statistical Office recently announced. And experts give little hope that something will change in 2022: Most experts expect prices to continue to rise – just a little less than recently, says real estate expert Michael Voigtländer from the Institute of German Economics in Cologne (IW).
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