Germany Berlin residential market report 2024
Residentialschedule 17 April 2024
Rental prices are continuing to rise sharply on the Berlin residential market
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According to the Berlin 2024 Residential Market Report by real estate financier Berlin Hyp and real estate service provider CBRE, purchase prices have fallen, while pressure on the rental housing market continues to increase. As a result, rental prices are continuing to rise sharply.
Inflation, rising construction costs and high interest rates dashed many a dream of home ownership in 2023. As a result, purchase prices have fallen, slightly in the case of condominiums and more sharply in the case of apartment buildings. Meanwhile, pressure on the rental housing market continues to increase, and as a result, rental prices are continuing to rise sharply, and there is a sustained trend towards moving to the surrounding area, despite prices also rising there.
Despite the rent fr
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