House value decline will not be over but | EUROtoday

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The fall in residential property costs is seemingly not coming to an finish as shortly because the German actual property business would have preferred. On Friday, the Federal Statistical Office introduced the figures for its official home value index for the primary quarter of 2024. According to this, residential property costs continued to say no within the first quarter. On common, they fell by 5.7 p.c in comparison with the identical quarter final 12 months. This signifies that costs have now fallen for six quarters in a row, the workplace experiences. Prices additionally fell once more in comparison with the earlier quarter, i.e. the final three months of final 12 months, by 1.1 p.c.