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

Authors

Amaral
F.
Zdrzalek
J.
Zetzmann
S.

Publication Date

02/2024

Key Words

Real Estate Market

Housing Price Indices

Cities

Germany

Related Topics

Germany

Real Estate Market

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

Dr. Francisco Amaral

Kiel Institute Fellow
Steffen Zetzmann

Kiel Institute Researcher
Dr. Jonas Zdrzalek

Kiel Institute Researcher

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