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Residential real estate price forecast change in Germany 2019-2021

The impact of COVID-19 on Germany's house prices was expected to be moderate, with prices not declining in 2020. The relatively quick emergence from lockdown and a market that already had relatively low supply are seen as the two the main reasons for this development. There is some uncertainty for 2021, however, as decreasing incomes might hinder people's ability to pay for a new home. The source mentioned that the government's support scheme for employees subject to reduced working time could potentially be extended beyond 2020, which might influence future figures.

Percentage change on previous year of residential property prices in Germany in 2019 with a forecast for 2020 and 2021

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Release date

July 2020



Survey time period

2020 and 2021

Special properties

Data as of July 2020; * The figures for 2020 and 2021 are averages, the source mentions "0 to 4 percent" for 2020 and "-2 to 2 percent" for 2021.

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Statistics on "Coronavirus (COVID-19) in Germany"

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