The dream of owning your own home is often dashed by the high price of land. Prime locations in big cities are considered unaffordable for the average citizen anyway, and terrible prices are also charged in various suburbs. Krone+ has looked at where affordable building plots are still available.
The aftereffects of the corona pandemic are still clearly noticeable, especially in the real estate sector. The number of transactions decreased due to the tense economic situation. While almost 127,000 real estate transactions were carried out in 2021, two years later there were only 82,335. This also reduced the overall volume accordingly. In 2023, approximately 28 billion euros changed hands through purchases of land, apartments, houses and other real estate. And therefore about 15 billion less than in 2021.
Source: Krone
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
