German Real Estate Prices Surge Back to Pre-Crisis Levels
Germany’s real estate market is recovering rapidly, with property prices rising significantly in major cities. A recent study reveals that ownership apartments rose by 1.4% in Q3 of 2024, nearing pre-crisis figures from 2022. Demand persists for new builds, particularly in top cities like Berlin and Munich, where prices are nearly on par with previous highs. While single-family homes also saw a modest increase, multi-family units slightly decreased. Experts note a cautious market with fewer transactions, suggesting that buyers are beginning to return as conditions stabilize.