Real estate prices have fallen particularly sharply in the Main metropolis.
(Photo: dpa)
Dusseldorf What many observers expected is becoming increasingly clear in the reliable figures: real estate prices in Germany are now falling significantly across the board.
Residential real estate prices fell by a total of 1.8 percent in the fourth quarter compared to the previous quarter. This is shown by the real estate price index of the Association of Pfandbrief Banks (vdp). In the previous quarter, the vdp had already reported a decline in real estate prices for the first time in twelve years.
Berlin once again stood out among the major cities, where residential property was only 0.7 percent cheaper in the fourth quarter of 2022 in a quarterly comparison. Frankfurt showed the most negative development (minus 4.8 percent). Here is even a year-on-year decline of 2.7 percent. Nationwide – also in Berlin – there was still growth at this level.
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