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House price rises remain above 10% for fifth quarter in a row in Germany

The cost of buying a house in Germany rose at break-neck speed once again in the third quarter of 2022.

Average sale prices for houses and apartments in Germany rose by 10,2 percent in the second quarter of 2022 compared to the same quarter of the previous year. As the Federal Statistical Office (Destatis) reports, this is the fifth quarter in a row that the rate of increase has remained above 10 percent. 

According to Destatis, prices are continuing to rise the quickest in rural regions, where house prices rose by 13,6 percent compared to the same quarter of the previous year. 

Real Estate Credit Investments Limited (LON:RECI) is a closed-ended investment company which originates and invests in real estate debt secured by commercial or residential properties in Western Europe, focusing primarily on the United Kingdom, France and Germany.

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