In the third quarter of 2023, residential property prices in Germany have fallen, in some cases significantly. Compared to the second quarter of 2023, all housing segments have become cheaper, although there are strong regional differences and outliers. Among the major cities, prices are most stable in Cologne and Berlin. The number of property transactions has fallen significantly. This is shown by the latest update of the German Real Estate Index (Greix), a project of ECONtribute and the Kiel Institute, which tracks the development of German real estate prices using the latest scientific methodology. All data for 18 German cities and their suburbs are freely available at www.greix.de.
- real estate prices