Houses
The boom on the German real estate market is over – but how will the market develop in 2023?
- First it was material shortages, now it’s high interest rates that are shaking up the real estate market. If you want to sell at the moment, you often have to reckon with high price reductions.
- Real estate prices will fall significantly in 2023 compared to the previous year. At the same time, rents are skyrocketing, especially for new contracts.
- In addition, there is a faltering construction of apartments, and the population in Germany is also growing. The boom in the real estate market is over – but that’s why now could be the right moment to buy.
- Our “Trend Quarter 2023” series starts with three metropolises: Read our detailed analyzes of Hamburg, Berlin and Munich.
Even a prominent name doesn’t help anymore. Former Bayern Munich player Jérôme Boateng has been looking for a buyer for his house in the posh Munich suburb of Grünwald for some time. The luxury villa has everything you would expect from a millionaire’s accommodation: ten rooms, a heated outdoor pool, a wine cellar, a fitness room, a home cinema and a wellness area.
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Get access to this and every other article in the
web and in our app.
Further