Germany Sees Surge in Property Foreclosures Amid Economic Struggles

Foreclosures rose by 9% in 2024, with Berlin and Brandenburg showing notable trends as economic pressures mount.

A total of 13,445 properties were listed for foreclosure in Germany in 2024, a 9% increase from the previous year, according to data from Argetra.
The total value of foreclosed properties rose to €4.3 billion in 2024, up from €3.9 billion in 2023.
Berlin led German cities with 281 foreclosure court dates, while Brandenburg saw a significant 10.3% increase, reflecting regional disparities.
Economic factors such as rising unemployment, high interest rates, and a weakened real estate market contributed to the spike in foreclosures.
Experts anticipate further increases in foreclosures in 2025, depending on inflation, interest rates, and the broader economic recovery.