Rising interest rates, falling prices, changing buying behavior: the real estate market is being reorganized.
Frankfurt Jens Tolckmitt has no illusions about one thing: the more than twelve-year upward trend in residential real estate has come to an end, says the general manager of the Association of Pfandbrief Banks (vdp). According to Pfandbrief banks, prices for residential real estate in Germany have fallen slightly for the first time since 2010.
In the third quarter, apartments and houses fell by 0.7 percent compared to the previous quarter, and the prices for apartment buildings even fell by almost two percent. At Immobilienscout, Germany’s largest platform for residential real estate, the asking prices fell by 2.3 percent between May and November on average across Germany and across all years of construction.
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