Statistics reveal German house prices collapse ...News

Russia Today - Economy
Statistics reveal German house prices collapse
source : Russia Today ( News ) () 90
Property values have seen steepest decline in more than two decades German house prices declined by 9.9% during the April-to-June period of this year compared to the same period in 2022, marking the steepest drop since records began in 2000, official data showed on Friday. According to the Federal Statistical Office (Destatis), property prices in Germany hit a record high in the second quarter of 2022. “Since then, residential property prices have been declining quarter on quarter,” the office said. The agency highlighted that the decrease was especially pronounced in Germany’s biggest cities. Compared with the pr

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