Real estate prices in major German cities: What financial experts need to know now.

Real estate prices in major German cities: What financial experts need to know now.

According to a report from www.bild.de, there is a diversified price development on the real estate market in Germany. While house prices in Dortmund rose by 1.99 percent in November, moderate negative signs are still visible in all segments in Cologne and Düsseldorf. According to the credit broker Dr. However, a trend is emerging: the end of the falling property price level seems to be imminent.

Stuttgart: Price stabilization in 2024?

The price development of real estate in Stuttgart shows a slight decrease of a total of 1.72 percent for condominiums, while there is an initial increase of 1.05 percent for single- and two-family houses. According to Roland Lenz, a construction financing specialist at Dr. Small in Stuttgart, the price level for residential property in Stuttgart and the surrounding area is unlikely to move either up or down in the coming year. Lenz sees a possible opportunity for buyers in old buildings, especially in apartments from the 1990s with around 80 square meters and a slight backlog of modernization.

Frankfurt: Hardly any movement in prices

The DTI figures for Frankfurt show a very moderate decline in prices for single and two-family homes of 0.39 percent in the third quarter. A little more movement can be observed for condominiums, with a slight downward trend of 1.54 percent. The average purchase prices paid for condominiums in Frankfurt/Main have reached a level that was last seen at the beginning of 2020.

Munich: High prices despite a large decline

Munich recorded the clearest negative signs in a comparison of the major southern German cities, with price declines of 2.84 percent for houses and 1.38 percent for apartments. Nevertheless, buyers in the Bavarian capital still have to invest the most in order to be able to move into their own four walls. On average, Munich residents pay 6,027 euros per square meter when buying a one- or two-family home and even more for condominiums.

The data shows that price trends in the real estate market vary greatly from city to city. While the price decline is slowly coming to a halt in some regions, a downward movement can still be observed in other cities. This may be due to local supply and demand differences as well as urban developments. As an expert in the real estate market, it is important to take local developments into account in order to be able to provide well-founded forecasts and recommendations for buyers and investors.