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German commercial property market experiences largest-ever office price drop due to financing costs and slow return-to-office trends.
The German commercial property market has experienced a significant decline, with the largest-ever drop in office prices, according to data from the German Banking Association (VDP).
The downturn has been attributed to higher financing costs and slow return-to-office trends.
The market is predicted to remain weak, with prices continuing to fall, as potential office buyers demand steeper discounts than sellers are willing to offer.
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El mercado inmobiliario comercial alemán experimenta la mayor caída de precios de oficinas de su historia debido a los costos de financiación y a la lenta tendencia de regreso a las oficinas.