Germany House Prices Drop for First Time in More Than a Decade

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Terraced housing in the old town of Schwedt, Germany.

Terraced housing in the old town of Schwedt, Germany.

Photographer: Krisztian Bocsi/Bloomberg

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 AG on Thursday. That’s the first decline in the company’s EPX index for the month since 2009.

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