DeStatis – Germany: Prices of residential property in the 1st quarter of 2023: -6.8% year on year

“Lower demand due to higher financing costs and the persistently high inflation are probably still the main reasons for the decline in purchasing prices.” Also the chaotic heating policy is discouraging people from buying residences as they do not know what will be required of them and what it could cost.

Prices of residential property, 1st quarter of 2023 (provisional)
-6.8% on the same quarter of the previous year
-3.1% on the previous quarter


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