Price stability in the real estate market

All real estate experts agree that the housing market in Germany hasn’t lost its stability in recent years. Therefore, many people are still looking for property in these volatile times in order to create their own asset for themselves and their families. The customer demand clearly shows that Corona pandemic only had a slightly impact on the German real estate market for a short period of time. "For around three weeks until now, we have been seeing that buying interest has fully returned and the demand for residential real estate is now even greater than it was before the crisis," explained Homeday Managing Director Steffen Wicker. The analysis of the first half of the year shows that purchase prices for both used apartments and houses have risen almost as sharply as in the previous year. The average increase was between 4 and 9 percent. In principle, the situation has not changed: there is a lack of housing in Germany and there is no change in sight. Additionally, a member of the board of the Engel & Völkers AG Kai Endersstated, The Corona pandemic leads at short notice to shifts of purchase conclusions, on a long-term basis it will, however not reduce the housing demand. For many years, the demand for living space has exceeded the scarce supply of real estate in many cities and regions. This fundamental trend will not change significantly even in the current situation, as the reasons for the excess demand will continue to exist".

Zurück zur News-Übersicht