German home prices edge up but pace slows

FRANKFURT, Sept 24 (Reuters) - German home prices rose slightly in the second quarter of 2026, marking the seventh consecutive quarterly gain as the property sector in Europe's largest economy seeks stability after a deep recession, data showed on Thursday.

• The gain of 0.6% from a year earlier was the smallest rise since prices began increasing in late 2024.

• It follows a downward revision for the first quarter, to a 1.2% increase compared with a preliminary 1.4% gain.

• Prices of homes in the country's biggest cities dropped.

• Higher interest rates in the wake of the Iran war have damped demand for property.

(Reporting by Tom SimsEditing by Linda Pasquini)