Real estate sales in Munich: Autumn analysis shows dramatic decline - what this means for the market and what effects it has.

Real estate sales in Munich: Autumn analysis shows dramatic decline - what this means for the market and what effects it has.

According to a report from www.abendzeitung-muenchen.de,

Real estate sales in Munich are showing clear signs of stagnation. The autumn analysis by the city's expert committee shows a drastic decline in the overall turnover of real estate transactions in the city. This fell by almost half compared to the same period last year, with purchase contracts also reduced by 23 percent. The analysis also shows that construction activity for single-family, multi-family, terraced and semi-detached houses has fallen dramatically.

However, the price per square meter for new apartments remains stable, while a clear downward trend can be observed in the resale of condominiums. There is also a downward trend in the building land market for individual residential construction, with a 41 percent decline in trading activity.

Overall, the analysis shows a sharp decline in the real estate market in the city of Munich. This could lead to a general dip in the market and pose major challenges for the industry. In particular, interest rate developments and global crises create uncertainty and could have a significant impact on the further development of the real estate market. It remains to be seen how the situation will develop and whether measures will be taken to stabilize the market.