Movies

Property prices rise by more than 8%, home ownership even more

Real estate in Frankfurt am Main

According to an RICS survey, Germany continues to be rated as expensive (55%) and very expensive (28%) as a real estate investment location.

(Photo: dpa)

Frankfurt According to data from the Association of German Banks Pfandbrief (vdp), the boom in the German real estate market continued in the first quarter despite the war in Ukraine. Overall, property prices in the first quarter of 2022 rose 8.8% within a year, the vdp announced on Tuesday.

In the case of residential properties, the price increase is as much as 10.7 percent. Commercial property prices, on the other hand, only increased by 1.8 percent. Overall, the association’s real estate price index reached a new high of 190.8 points.

“The real estate market in Germany is still growing, even though the pandemic is not over yet and Russia’s aggressive war against Ukraine has been a very worrying exogenous shock,” said vdp CEO Jens Tolckmitt.

While no effects are seen on the housing market at the moment, it remains to be seen how the effects of the second and third rounds will develop.

Top-Jobs des Tages

Find the best jobs now and
be notified by email.

Commercial real estate sentiment declining

Read on now

Get access to this and every other article in the

Web and in our app for free for 4 weeks.

Continues

Read on now

Get access to this and every other article in the

Web and in our app for free for 4 weeks.

Continues

About the author

hiyabad

Leave a Comment