Germany Property News

2024 Promises Significant Changes for Germany
2024 looks set to be a significant period for Germany, marked by a series of substantial changes. Here's a comprehensive overview of what lies ahead for the country in the near future. Tax Policy and Benefits  Germany anticipates significant changes…
The happiest cities in Germany in 2023
In a recent study conducted by the researchers at the University of Freiburg, the SKL Glücksatlas (Happiness Atlas) delved into the happiness levels of residents in various German cities. Over 3,000 individuals between the ages of 16 and 74 participated…
The German government is looking for opportunities to overcome the crisis in the real estate market
Germany, having experienced the end of a decade-long housing boom, is currently grappling with challenges that demand a strategic approach to overcome difficulties in the real estate sector. As of the beginning of 2023, the volumes of new construction…
Significant Event in the German Real Estate Market
According to data from the German government, the average cost of houses and apartments fell by 9.9 percent compared to the previous year, marking a record decline since data collection began in 2000. This sharp drop in real estate prices is particularly…
The Top 10 Affordable Cities to Rent an Apartment in Germany
The cost of renting accommodation in Germany continues to rise, but there are still several cities where reasonable rental prices can be found. According to data from the German Ministry of Housing Construction, around 54% of households in Germany prefer…
German Real Estate Sector is seeking billions of euros worth support from the authorities
The German real estate sector will request billions of Euros as government support during the upcoming meeting with Chancellor Olaf Scholz, as reported by Reuters (citing sources familiar with the matter). A meeting with politicians, ministers and industry…
Rental rates in Germany rise to record highs
Rent levels have risen by more than 7 percent across Germany since the beginning of 2023. According to new data from the real estate platform Immosscout24, the rate of rent growth was breaking all records already in the first months of 2023. Between…
In the 1st quarter of 2023, Real Estate prices in Berlin returned to an upward trend
In the 4th quarter of 2022, prices in the Berlin real estate market were recorded to fall, caused by the decision of the European Central Bank to carry out a series of interest rate hikes. This caused mortgage rates to double or even triple, bringing…
After a short-term fall in prices, the Berlin housing market has moved to recovery
Germany's decade-long boom in home prices, which ended last year after the European Central Bank decided to introduce a series of interest rate hikes, has sent mortgage rates doubling and sometimes even tripling. This event forced many players out of…
Property prices in Germany have balanced, despite the decline in sales
According to Gewos, The Institute for Urban, Regional and Housing Research, the growth phase of the German property market, which lasted more than 10 years in a row, may be coming to an end. The Institute predicts that sales of apartments, houses, commercial…
Rental rates in Germany are rising faster than real estate prices
According to a recent study by real estate agency Jones Lang LaSalle (JLL), there is currently a growing trend that has never happened in Germany in the past: rental prices are now rising faster than real estate prices. According to this study, there…
Real estate prices in Germany remain the same, although overall sales are declining
For more than a decade, the German real estate market was in a dramatic growth phase. However, as per the new report from the Gewos Institute for Urban, Regional and Housing Research, the sales boom may be coming to an end in the observable future. According…
Mortgage rates in Germany Hit Their 10 Years Maximum
Mortgage interest rates in Germany have reached their highest levels in the last eleven years. As a result, a significant drop in a number of requests for mortgage loans is currently taking place. According to the European Central Bank (ECB), the average…
Property prices in major German cities are declining
As recent study of the German real estate market shows, almost all major cities recently began to experience property price decline after years of prices rising. The reason for this phenomenon lies in a number of factors, such as real estate revaluation,…
The German government is planning to help people with the purchase of real estate
As of today, Germany has the lowest level of property ownership in the EU. According to the official government data, only 42.1% of families own housing units they live in directly, while the remaining 57.9% of families live in rented houses and apartments.…