The prices for apartments and houses have recently come under pressure. Will the trend reversal continue in the current year?
(Photo: gms)
Frankfurt It was a sign of hope for many sellers. The house price index for February remained stable, as a real estate company recently calculated. But there can be no talk of a recovery on the market, as an evaluation of current figures for the first quarter by McMakler Research shows, which is available to the Handelsblatt in advance.
Accordingly, the German real estate market developed cautiously at the beginning of 2023. The prices for residential real estate in the first quarter of this year fell nationwide by 1.9 percent compared to the previous quarter – and even by 6.2 percent compared to the previous year, as the platform for market analyzes of the online broker McMakler calculated.
The downturn in the market for houses and apartments is thus continuing. Just a few days ago, the Federal Statistical Office presented figures showing that in the final quarter of 2022, apartments and one- and two-family houses fell more cheaply than they had in 16 years.
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