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