New data points to a surprising turnaround: house prices are falling in Germany. Prices for one's own four walls have collapsed by up to 20 percent since the middle of last year, adjusted for inflation.
In the first quarter of 2023 alone, purchase prices for houses, apartments or land in Berlin fell by six percent compared to the peak in 2022. The German Real Estate Price Index (GREIX) provides answers and sets new standards for the analysis of German real estate markets based on the latest data. The database is also intended to give private individuals free insight into price developments in 18 cities.