WITHBargain hunters can get ready. Because real estate prices in this country are falling. And if you have reserves, you can save or at least partially avoid costly financing. But the question is at what price can you buy a house or apartment in Germany now – or should you wait, because prices may fall a little.
The bankers’ association Pfandbrief estimates that residential property values in Germany were about 6 percent lower between July and September than in the same period last year. There was an average decline of 9.9 percent from April to June, according to the Federal Statistical Office. Based on data from expert committees from 18 cities, the German Property Index shows price declines of 10.5 percent for condominiums, 12.1 percent for single-family homes and 24 percent for apartment buildings from July to September compared with the same period last year . year. There is movement here that should please potential buyers, but probably not sellers.
Source: Frantfurter Allgemeine
Elizabeth Gray is a writer at the World Herald News. He covers trending news, and his name appears frequently in online search results for stories covering the latest developments in international politics and business.