Real estate prices fell further in the third quarter: expert study shows development

Real estate prices fell further in the third quarter: expert study shows development

According to a report by amp2.handelsblatt.com, real estate prices in Germany have fallen sharply in recent months. This trend puts pressure on property owners willing to sell and leads to a drastic decline in the construction of new apartments. The wave of cancellations in German residential construction last reached a peak in October. According to the Greix real estate price index from the Kiel Institute for the World Economy (IfW), prices fell further in the third quarter compared to the previous quarter.

The effects of this development on the real estate market are diverse. A significant drop in prices can mean that sellers have to expect lower income from the sale of their properties. At the same time, potential buyers could wait, hoping that prices will continue to fall, which would lead to a further slowdown in the transaction market. The slump in new apartment construction could lead to a long-term shortage on the housing market, as demand for living space could continue despite current price developments.

In summary, it can be said that the sharp decline in real estate prices in Germany is currently causing great uncertainty and challenges that are affecting the entire real estate market. The hope that the market may have the worst behind it is not borne out by current figures and developments will continue to need to be closely monitored in the coming months.