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Housing Market: Germany: Difference between revisions

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Housing Market: Germany (view source)

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== National Level ==
== National Level ==
[[File:Screenshot 2024-03-26 101258.png|center|thumb|491x491px|file:///C:/Users/maga-/Downloads/bnppre-residential-investment-market-germany-2023q4_0.pdf]]
 
[[File:Screenshot 2024-03-26 101306.png|center|thumb|705x705px|https://www.savills.com/research_articles/255800/295306-0]]
=== Transaction Volume ===
[[File:Screenshot 2024-03-26 101258.png|center|thumb|491x491px|file:///C:/Users/maga-/Downloads/bnppre-residential-investment-market-germany-2023q4_0.pdf]]'''As of February 2024'''
 
There were no signs of such a turnaround in February either. We registered a good eighty transactions with a volume of around €1.7bn, roughly the same level as in January. The figures for the first two months of 2024 are also roughly in line with the previous year's figures. Transaction activity appears to have bottomed out, but is probably not yet to increase. We are still not observing any significant increase in the number of transaction processes. In addition, some processes are still being cancelled and do not result in a sale because the landlord's target price has not been reached.<ref>https://www.savills.com/research_articles/255800/295306-0</ref>
[[File:Screenshot 2024-03-26 102807.png|alt=|center|thumb|703x703px|https://www.savills.com/research_articles/255800/295306-0]]


=== Supply ===
=== Supply ===
By 2026, Europe will have finished building only about 1.5 million housing units (down 13% on 2023). '''For Germany, that means an expected decline of 35%. <ref>https://www.ifo.de/en/press-release/2024-02-20/european-residential-construction-pushes-sector-red</ref>'''<blockquote>“Due in particular to the sharp rise in construction and financing costs, it’s often no longer possible to build new homes in Germany. Politicians haven’t yet made a decisive improvement to the policy framework,” says ifo construction expert Ludwig Dorffmeister. “The resulting decline in the number of permits doesn’t bode well for the coming years.””</blockquote>


=== Demand ===
=== Demand ===


=== Prices ===
=== Prices ===
{| class="wikitable"
! colspan="26" |Price indices for residential properties
in Germany
|-
| colspan="1" rowspan="1" |'''Subject of evidence<ref>https://www-genesis.destatis.de/genesis/online?sequenz=tabelleErgebnis&selectionname=61262-0001#abreadcrumb</ref>'''
! rowspan="1" |Unit
!2000
!2001
!2002
!2003
!2004
!2005
!2006
!2007
!2008
!2009
!2010
!2011
!2012
!2013
!2014
!2015
!2016
!2017
!2018
!2019
!2020
!2021
!2022
!2023
|-
|'''House Price Index'''
!2015=100
|84.4
|84.4
|83.3
|83.6
|82.3
|83.3
|83.0
|81.2
|82.3
|83.0
|83.9
|86.8
|89.8
|92.6
|95.5
|100.0
|107.5
|114.1
|121.7
|128.7
|138.7
|154.7
|162.9
|<abbr>149.2p</abbr>
|-
|Newly Built Residential Properties
!2015=100
|76.3
|74.8
|74.4
|74.3
|74.7
|74.6
|73.9
|75.4
|77.4
|81.6
|83.6
|87.8
|90.3
|91.4
|94.8
|100.0
|106.9
|111.8
|118.9
|122.9
|130.4
|140.0
|148.1
|<abbr>144.8p</abbr>
|-
|Existing Residential Properties
!2015=100
|85.8
|86.2
|84.8
|85.3
|83.6
|84.9
|84.6
|82.2
|83.2
|83.2
|83.9
|86.7
|89.7
|92.8
|95.6
|100.0
|107.6
|114.5
|122.2
|129.8
|140.2
|157.5
|165.7
|<abbr>150.0p</abbr>
|-
|'''Price Index for Building Land'''
!2015=100
|69.9
|71.0
|71.9
|72.9
|73.7
|74.6
|76.1
|76.2
|76.2
|76.6
|78.1
|80.2
|82.8
|87.9
|93.4
|100.0
|110.0
|122.7
|134.5
|146.1
|156.1
|<abbr>187.5p</abbr>
|<abbr>.</abbr>
|<abbr>.</abbr>
|}
2023


== Berlin ==
== Berlin ==
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