For years, real estate prices in Germany had risen sharply – but this phase is coming to an end in many large cities, as Immowelt says.
(Photo: dpa)
Frankfurt Real estate prices in Germany have been rising for years. But that will soon change, as the experts at the online portal Immowelt believe: They predict: “The real estate boom is coming to an end.” The time of large price increases is likely to be over.
According to a price estimate, purchase prices in ten out of 14 cities in Germany with more than 500,000 inhabitants would stagnate or fall slightly by December of this year. Especially in Frankfurt it should even go down significantly.
“The current uncertainties caused by the war in Ukraine, high inflation and rising interest rates mean that the real estate boom is likely to end this year,” says Felix Kusch, Country Managing Director Immowelt.
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