A significant correction in residential real estate prices in Germany is already underway, and experts from Commerzbank are forecasting further declines in the coming months. There is clearly still a large gap between the price expectations of buyers and sellers.<\/p>\n
Prices for existing residential properties have fallen significantly since mid-2022, in particular due to interest rate increases as a result of changes in the central banks' monetary policy. Prices for existing properties were on average 14% lower at the end of 2023 than in spring 2022, while prices for new builds were on average 5% lower. Low sales indicate that the price correction is not yet complete.<\/p>\n
Despite the fall in property prices, the number of transactions is still low as many potential buyers cannot afford to buy a property, partly due to the current financing conditions. The Bundesbank estimates that prices will have to fall even further to bring them back in line with factors such as interest rates and income. \"Compared to the first quarter of 2024, they estimate that there is still potential for a further correction of 5 to 10 percent,\" says Commerzbank.<\/p>\n
Source: commerzbank.de
\n \u00a9 immonewsfeed<\/p>","protected":false},"excerpt":{"rendered":"
Eine erhebliche Korrektur der Wohnimmobilienpreise in Deutschland ist bereits im Gange, und Experten von der Commerzbank prognostizieren weitere R\u00fcckg\u00e4nge in den kommenden Monaten. Offensichtlich klaffe zwischen den Preisvorstellungen von K\u00e4ufern und Verk\u00e4ufern weiterhin eine gro\u00dfe L\u00fccke. Die Preise f\u00fcr bestehende Wohnimmobilien sind seit Mitte 2022 deutlich gefallen, insbesondere aufgrund der Zinssteigerungen infolge einer ver\u00e4nderten Geldpolitik […]<\/p>","protected":false},"author":2,"featured_media":7780,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[57],"tags":[],"class_list":["post-7776","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-marktdaten"],"yoast_head":"\n