Germany Property News

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.…
Demand for real estate in Germany is rising
Despite the economic crisis caused by the COVID-19 pandemic, the German real estate market continues to show steady growth - both the primary and secondary market. According to the latest data from the Federal Statistical Office (Destatis), real estate…
The cost of real estate on the German North Sea islands is rapidly rising
The latest report published by the real estate agency Von Poll showed that housing prices in Germany on the islands in the North Sea are skyrocketing. According to the agency, prices for real estate in the North Frisian Islands (located in Schleswig-Holstein)…
Tenants may be exempt from utility charges
The German Tenants' Association has proposed abolishing heating bills. The initiative has a simple rationale: the tenant pays the full heating bill without having any say over maintenance work that might reduce heat loss in the home. The project is currently…
Average home size increases in Germany
The average home size in Germany has grown by 20% in the last 30 years, and this trend is gaining momentum. According to experts from Empirica Regio, Germans are increasingly opting for larger homes. The study included all German cities with a population…
Real estate in Germany may rise in price by 13% within a year
German Real Estate portal Immoscout24 predicts that rental prices may rise in five major German cities, with prices in Berlin expected to be higher than in other areas. According to the latest research by Immoscout24, property prices in Berlin could…
First 3D-printed residential building was completed in Germany
The first residential building, fully printed on a special-purpose 3D printer, was completed on a turnkey basis in the town of Beckum, in North Rhine-Westphalia. The pilot project of this kind is a two-storey house with rounded corners, a flat roof and…
Research shows that residents of German cities spend half their salary on apartment rent
As per the study conducted by Hans Böckler Stiftung, an analyst at the University of Berlin, housing expenses of German households reach as much as 50% - an alarmingly large proportion. Furthermore, considering the fact that this trend is common…
Growth of rental rates in Germany reached 40% over the past five years
A recent study by Immowelt Property Search Portal showed that rents on new contracts have increased in at least 80 major German cities over the past five years. Furthermore, in 34 of them this growth exceeded 20%. Moreover, rents for new apartments advertised…