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Housing Market: Germany: Difference between revisions
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''For the study, analysts examined real estate market cycles in 24 countries from 1975 to 2024 and applied the data to the current situation in the German residential property market.'' | ''For the study, analysts examined real estate market cycles in 24 countries from 1975 to 2024 and applied the data to the current situation in the German residential property market.'' | ||
Anticipate, prices will fall back to the level of early 2017 by the end of this year. Compared to the first quarter of 2022, this would correspond to an inflation-adjusted price correction of 25 percent. Afterwards, the market will either enter a recovery phase or the price correction will continue at a slower pace.<ref>https://cijeurope.com/en/prea-predicts-further-price-corrections-in-the-german-housing-markets/post.html</ref> | Anticipate, prices will fall back to the level of early 2017 by the end of this year. '''Compared to the first quarter of 2022, this would correspond to an inflation-adjusted price correction of 25 percent (an additional 4-5% decline expected)'''. Afterwards, the market will either enter a recovery phase or the price correction will continue at a slower pace.<ref>https://cijeurope.com/en/prea-predicts-further-price-corrections-in-the-german-housing-markets/post.html</ref> | ||
* Although prices for residential properties in Germany '''have already fallen by 21 percent''' between the first quarter of 2022 and the third quarter of 2023, the bottom has not yet been reached. The saying 'Survive until 25' is likely to become a reality for many market participants. | * Although prices for residential properties in Germany '''have already fallen by 21 percent''' between the first quarter of 2022 and the third quarter of 2023, the bottom has not yet been reached. The saying 'Survive until 25' is likely to become a reality for many market participants. | ||