The German Institute for Economic Research (DIW) recently examined real estate price trends in 114 major German cities. It found that prices for owner-occupied homes and apartments have risen by 9 percent compared with 2020.
The DIW believes that "speculative exaggerations [are] occurring in more and more regions and market segments, especially for condominiums and building plots in metropolitan areas such as Berlin, Hamburg and Munich." According to the DIW, rents have also risen - but only about half as much as purchase prices.
For their study, those responsible used data from the IVD real estate association to examine developments in the 114 largest German cities with at least 50,000 inhabitants. The complete study can be found at diw.de.
Source: diw.de
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