DeStatis – Germany: Prices of residential property in the 2nd quarter of 2023: -9.9% on the same quarter of the previous year

Thanks to the massive interest rate increase by the ECB, inflatiion, and the totally chaotic policies of the German government (Social Democrats, Greens, and Liberals) Germany has registered the largest decline in residential property prices from the same quarter of the previous year since the beginning of the time series in 2000.

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