Real estate prices in Göttingen: Price per square meter fell by 7.7 percent

Real estate prices in Göttingen: Price per square meter fell by 7.7 percent

According to a report by www.goettinger-tageblatt.de, real estate prices in Göttingen have fallen by 7.7 percent in the past twelve months. Buyers had to spend 2,955 euros per square meter on existing apartments in December compared to the same month last year, compared to 3,202 euros the year before. This emerges from the annual comparison by the real estate portal Immowelt.
As an expert in the real estate market, it is important to analyze the impact of this price development. A significant decline in property prices can have both positive and negative effects. On the one hand, this could make it easier for potential buyers to enter the market and lead to increased demand. At the same time, however, existing homeowners could experience a decline in the value of their properties, which could lead to financial losses. In addition, a decline in property prices could also indicate a possible oversupply situation in the market, which could lead to stagnation or downward movement of the market in the long term. It is important to closely monitor the further development of the real estate market in Göttingen in order to make well-founded forecasts for potential buyers, sellers and investors.