According to data from real estate experts at F + B, purchase prices for condominiums in the Bavarian city fell in the third quarter of 2021.
(Photo: dpa)
Frankfurt A turnaround is apparently emerging on the German real estate market: According to the Hamburg real estate specialist F + B, purchase prices have risen so sharply in many locations that the pain threshold has been reached – and that has consequences.
The general assumption that currently “everything can be sold that is on offer” is “not durable”, explained the experts in an evaluation of the data from over 30 million objects published on Tuesday.
The rents and purchase prices in many areas of the real estate market are still rising – but not as much as they used to be. And in some cities things are even going downhill, if only slightly.
Take Munich as an example: According to the evaluation, the Bavarian state capital took the unchallenged first place in the rankings for purchase prices for condominiums in the third quarter, but prices fell by 1.4 percent and even 2.7 percent compared to the second quarter of this year compared to the same quarter of the previous year.
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