The figures showed property values down 1.1% from January to March compared with the end of 2023, the sixth consecutive quarter of decline in both cities and rural regions. Prices fell by 5.7% year-on-year.
The biggest declines compared to the same quarter last year were seen for single and two-family homes in Germany's seven largest cities, at -9.5%. Apartments in these cities fell in price by an average of 4.6% over 12 months.
The most recent fall in prices was less marked than in previous quarters, with the third quarter of 2023 showing the steepest drop.
Until the fourth quarter of 2022, house prices had shown a constant increase since 2010, rising by 12.8% in July, August, and September 2021.
[
add
]
[
|
|
...
]