The annual declines have slowed over recent quarters, and prices rose 1.3 percent in the second quarter from the first three months of the year, the first quarter-on-quarter increase since 2022.

Credits: envato elements;

For years, the property sector in Germany boomed as interest rates were low and demand strong, but a sharp rise in rates and costs put an end to the run, tipping developers into insolvency as bank financing dries up and deals freeze.