bulwiengesa real estate index 2024
The property industry is currently affected by economic stagnation, complex lending policies and a loss of purchasing power among private households. Project postponements, abandoned project sites and even insolvencies are being reported. The bulwiengesa property index shows that after 18 years of nominal growth, no further nominal increase will be registered in 2023. This is exacerbated by the historically high construction costs and labour shortages, which are working against a spontaneous ramp-up in construction activity. However, the data for 2023 shows that despite the crisis, there are glimmers of hope and construction is continuing.
The most important results:
- Property index stagnates in nominal terms in 2023
- Purchase prices in the residential market under pressure, rents rise significantly
- Commercial property prices at -5.9 % with a significant dampener
- Retail rents continue to fall
More detailed information is available in the brochure and in the press release. Please contact us to obtain customised analyses and time series, e.g. of individual locations and asset classes.
Contact: Jan Finke, finke@bulwiengesa.de, phone +49 201 8746 96 63
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