Expert warns: Real estate prices in the district have fallen by 16 percent - no relief in sight

According to a report by www.radiowestfalica.de, real estate prices in the district have fallen significantly over the last year. According to the LBS, they fell by 16 percent, with older houses in particular being affected due to the higher energy and modernization requirements.

For the real estate market, this indicates a possible change in market dynamics. The softening prices could lead to more buyers entering the market to take advantage of the lower prices. At the same time, sellers may be prompted to adjust their prices to remain competitive.

Impact on the market

However, experts assume that prices will not fall any further due to high demand. This could mean that the market is stabilizing as buyers may be interested in taking advantage of the lower prices. Demand could therefore settle at a stable level, which could represent a positive development for the real estate market in the long term.

Price development in Minden

On average, single-family homes in Minden cost 293,000 euros. This pricing information can help potential buyers and sellers make informed decisions and adjust to current market prices.