Forecast for the housing market 2022: How the exorbitant prices in Germany will normalize

Forecast for the housing market 2022: How the exorbitant prices in Germany will normalize

According to a report by www.faz.net, the current figures from the Federal Statistical Office show that prices for residential property in Germany fell significantly last year. In the third quarter, prices were on average 10.2 percent lower than in the same quarter of the previous year and another 1.4 percent lower than the previous quarter. According to statistics, this is the sharpest fall in house prices in Germany in more than 20 years.

This has an impact on the real estate market in Germany. The rising prices of the past few years are slowly returning to normal, which could encourage potential buyers to enter the market. This could increase demand for real estate again as prices become more attractive. On the other hand, there could be increased pressure on sellers to offer their properties at lower prices in order to attract buyers.

Experts predict that the new year could be a better time to buy and sell real estate. This could lead to an increase in activity in the real estate market and contribute to some revival of the sector. However, it remains to be seen how this trend will develop in the coming months and what measures will be taken by the government and central banks to stabilize the market.