Since May, the number of purchases, sales and, in particular, large transactions have been falling compared to the same period last year.
(Photo: IMAGO/Sabine Gudath)
Hamburg According to a study, real estate sales in Germany are likely to fall this year for the first time since the global financial and economic crisis of 2009. After a record year in 2021, the conditions on the market have turned, according to a new analysis by the Hamburg Gewos Institute for Urban, Regional and Housing Research.
Accordingly, sales of apartments, houses, commercial real estate and land should fall by seven percent this year to 313.5 billion euros and the number of purchases will fall to below 900,000. Based on the data for the first half of the year, a decline in money turnover on the German real estate market is expected in 2022 for the first time since 2009.
>> Read here: For more and more Germans, the dream of owning a home is over
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