German commercial property prices dip again in third quarter, data show
EWG•German office and retail building prices fell 2.9% year over year in the third quarter, marking a second consecutive decline, VDP said.
1. Prices fall again
Prices for German office and retail buildings dropped 2.9% in the third quarter from a year earlier, following a 1.8% decline in the second quarter. VDP cited geopolitical conflicts, economic weakness and structural changes including working from home as factors weighing on prices.
