German home prices stagnate as interest rates pressure market, IW data show
EWG•EWG•EWG•EWG•German apartment prices rose 0.3% year over year in the third quarter, while single-family homes and duplexes rose 0.4%. IW said prices have moved sideways since 2023 and remain 10% below their 2022 peak as higher financing costs weigh on demand.
German home prices hardly rose in the third quarter, data released by the German Economic Institute showed. Apartment prices increased 0.3% from a year earlier, while single-family homes and duplexes rose 0.4%; IW said higher financing costs have reduced demand for properties for sale.
IW said prices have largely moved sideways since 2023 and are down 10% from their 2022 peak. Official third-quarter figures from Germany’s statistics office are due on December 23; official data showed prices rose slightly in the second quarter.
