Because there are more properties on the market, sales prices are being corrected downwards in some cases – even on the Munich housing market. What role high mortgage interest rates and the price of roof battens play in this.
Anyone who buys an apartment in Munich today can do something that was impossible for years: they recently had the opportunity to negotiate the price again. Market researcher Stephan Kippes from the Real Estate Association Germany South (IVD) sees a trend reversal, even on the Munich real estate market: Prices are no longer rising. But Kippes does not want to decide whether they will sink and how much they will sink. “We have to drive on sight.” In any case, he does not expect a slump in real estate prices in southern Germany, but at most a decline.