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Consulting firm Fahrländer Partner Raumentwicklung (FPRE) assumes that house prices will continue to rise in the medium term. According to a study released on Friday, demand is still high and a major acceleration is not expected from the new construction sector in 2024.
Problems are expected in the upper segment due to already high prices and the reluctance of households, but it does not seem possible for prices to decrease here either.
When we look at the developments in 2023, we see that the prices of detached houses increased by an average of 3.8 percent throughout the year, and the prices of apartments increased by an average of 4.2 percent. In the fourth quarter, prices of detached houses decreased slightly by 0.2 percent compared to the previous quarter, while apartment prices were 0.9 percent higher. (SDA)
Source :Blick
I’m Tim David and I work as an author for 24 Instant News, covering the Market section. With a Bachelor’s Degree in Journalism, my mission is to provide accurate, timely and insightful news coverage that helps our readers stay informed about the latest trends in the market. My writing style is focused on making complex economic topics easy to understand for everyone.
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