An index run by the banking association VDP that tracks prices showed its largest ever drop in 2023 German commercial property prices in the final quarter of 2023 plummeted by 12.1% in the largest year-on-year decline registered by a price index run by the banking association VDP, according to a press release issued by the organization this week. Prices were down by 4.9% from the third quarter, the data showed, which is also the largest quarter-on-quarter price drop the index has registered in the country’s commercial property sector. For the full year 2023, commercial real estate prices plunged 10.2%. “2023 was
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