With the sharp rise in interest rates, the boom in the German real estate market is cooling off – because more expensive loans are dampening demand. According to a new analysis, prices are climbing more slowly in the cities.
According to a study, the years of boom on the German housing market cooled off in the first half of the year. According to an analysis by the major broker Jones Lang LaSalle (JLL), the purchase prices offered for condominiums in the eight largest German cities rose by an average of 7.5 percent compared to the same period last year. The increase was halved compared to the previous year, according to the analysis published on Wednesday. The five-year average of plus 9.3 percent was therefore clearly undercut.
