Where, according to experts, things are most likely to pick up again in 2023

Frankfurt It is a turning point that many real estate users have yet to digest. After years of boom, real estate prices fell almost everywhere in Germany compared to the previous quarter. According to a recently published study by DZ-Bank, average purchase prices for residential real estate are expected to fall by four to six percent next year. Above all, higher interest rates, high inflation and economic uncertainty are having a negative impact on real estate demand.

Now owners, tenants and prospective buyers are asking themselves: How long will the slack on the market last? The real estate service provider JLL has developed a clear opinion on this. “The market will have overcome the transaction rigidity in the second half of next year at the latest,” says JLL manager Dunja Nigrin of the Handelsblatt.

The company believes that the main reason for this is that inflation is likely to have peaked and the next rate hikes by the European Central Bank (ECB) could therefore be lower. However, according to the experts, not all areas will recover at the same rate.