German house prices fall for first time in a decade 

Meanwhile, economists at Nomura have predicted that British house prices look to be on track to fall around 15% by mid-2024

German property market has changed since the European Central Bank started to increase interest rates

Germany’s housing boom is over as prices for residential properties dropped for the first time in over a decade.

A measure of home valuations fell in December by 0.8% from the same month a year ago, according to data released by the mortgage technology provider Europace. That’s the first decline in the company’s EPX index for the month since 2009.