Home prices have been rising consistently since 2010.
(Photo: dpa)
Dusseldorf The historical trend reversal on the real estate market in the past year is now also reflected in the official figures. As reported by the Federal Statistical Office (Destatis) on Friday, the prices for residential real estate in Germany fell in the fourth quarter for the first time since 2010 compared to the same quarter of the previous year.
According to the statisticians, prices fell by 3.6 percent compared to the fourth quarter of 2021, and the purchase prices for apartments and detached and semi-detached houses last fell even more sharply in the first quarter of 2007. At that time, prices fell by 3.8 percent compared to the first quarter of 2006.
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