German Home Prices Stagnate in Q3
German home prices remained largely stagnant in the third quarter as elevated interest rates weighed on property demand. Apartment prices edged up slightly by zero point three percent while single family home prices rose zero point four percent.
German apartment prices rose 0.3% year-on-year in the third quarter while single-family homes gained 0.4%, according to data released on Friday by the Germany Economic Institute (IW). The stagnation follows a broader cooling trend driven by elevated borrowing costs across the property sector. Property valuations remain down 10% from their 2022 peak, moving sideways since 2023.
