Greix – 2023 with the largest drop in real estate prices on record

Authors

• Amaral
• F.
• Zdrzalek
• J.
• Zetzmann
• S.

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The prices for residential real estate in Germany have fallen in 2023 more sharply than ever before since the beginning of our data recording in 1964. This trend applies to all residential segments, with the decline being most pronounced in multi-family houses. However, it is evident that prices are slowly stabilizing in the 4th quarter of 2023.

Kiel Institute Experts