Real estate prices are falling less than expected. Increased interest rates in response to high inflation have ended a nearly decade-long housing boom in Europe's largest economy.
During the corona pandemic, prices shot up by more than 24 percent - also because many people were looking for larger living space. Average house prices have now fallen by around eleven percent since their peak in the second quarter of 2022. German real estate market is in weaker shape than that in many other countries, including the USA. House prices there have increased much more sharply during the pandemic.