“Historically unique’: German real estate prices are plummeting. Prices for apartments and houses fell more sharply last year than they have in at least 60 years.
Condominiums fell in price by 8.9 percent, single-family homes by 11.3 percent and apartment buildings by 20.1 percent. The fall in prices is also affecting the large real estate groups in Germany, because it is causing billions in devaluations of the stocks on their balance sheets. Companies would have to prepare for a decline of up to 30 percent compared to the all-time highs in summer 2022.