The prices for new buildings are expected to rise again faster than those for older apartments.
(Photo: dpa)
Dusseldorf The real estate market is in a historic upheaval. The interest rate shock last year, when construction interest rates quadrupled in a short space of time, abruptly halted the years-long boom with ever-rising real estate prices. The market has been in a correction phase since the summer of 2022. At the end of the year, prices fell across the board.
But recently the market has been sending conflicting signals. Some data even showed rising prices again. Is this already the turning point? The Answers to the three most important questions.
What is the current situation?
The situation was still clear in the fourth quarter of 2022. After the asking prices on the real estate portals had initially fallen and the first real transaction data also showed a price drop, this development was confirmed in the official figures of the Federal Statistical Office.
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