The Saxon metropolis stands out in the development of real estate prices in the second quarter of 2023.
(Photo: IMAGO/Hanke)
Frankfurt A new study gives hope that property prices are beginning to bottom out. Since the summer of 2022, private real estate has become consistently cheaper. A trend reversal is now emerging, as an analysis of the financing figures for the second quarter of 2023 shows. It was created by the real estate financier Interhyp and is available to the Handelsblatt in advance.
“Despite the difficult economic conditions, supply and demand continued to converge in the second quarter of 2023,” says Jörg Utecht, CEO of the Interhyp Group. Compared to the first quarter, real estate prices in Germany hardly changed nationwide in the second quarter. The evaluation shows a slight increase of 0.1 percent. There are still large regional differences.
We take a closer look at the numbers: Where are prices still falling, where are they rising slightly? And what does that mean for buyers and sellers?
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