Market in Minutes: Residential Market Germany
"In the first three quarters of 2024, 5% fewer residential properties were traded in Germany than in the same period of the previous year."
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"In the first three quarters of 2024, 5% fewer residential properties were traded in Germany than in the same period of the previous year."
"In the first half of 2024, residential property traded for just under €3bn in Germany. This makes it the weakest half-year in terms of transaction volume since 2011."
"In the first quarter of 2024, residential properties in Germany were traded for around €755m. This was around 60% less than the quarterly average of the previous year and even 86% less than the quarterly average of the last five years."
"In 2023, residential property in Germany was traded for around €7.5bn. This was around 38% less than in the previous year and also the lowest transaction volume since 2011."
""Housing is a constant requirement" is a common and quite correct phrase in the real estate market. However, demand on the investment market for residential real estate is currently subdued."
"In the first three quarters of 2023, 51% less residential property was traded in Germany than in the same period of the previous year."
"In the first half of 2023, residential property in Germany was traded for around €3.7bn."
"In the first quarter of 2023, residential properties in Germany were traded for around €1.2bn. Such a low quarterly volume was last recorded at the beginning of 2011."
"From the point of view of landlords, the fundamental conditions on the German housing market not only remain favourable, the outlook has even improved compared to last year."
"The situation on the German residential market is currently very ambivalent."