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Real estate prices are witnessing a significant decline in a prominent city, yet this downturn brings little cause for celebration. The confluence of limited housing availability and soaring construction expenses persists in propelling rents upwards across Germany, despite the noticeable dip in property values.
According to the Association of German Pfandbrief Banks (vdp), residential properties in Germany marked a 4.3 percent decrease in prices during the first quarter compared to the previous year. Conversely, rents for apartment…