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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…