Are they down YoY or compared to pre-Covid? The linked article doesn't seem to have that information concretely, but does include "The average British home now costs about nine times average earnings: one estimate I recently read reckoned that the last time UK houses were this expensive was in 1876." which suggests they're still higher by that measure than three years ago. So: correction of a super crazy time, but still a "win" for asset values for the owners over the last 4 years, or "overall trending down"?
they "have" to be when interest rates are up, since it means the price of money (to borrow) is high. When money can be had for cheap (rates), prices balloon, and when rates are up, real estate prices will, relatively speaking, go down. Another way to put it is that RE prices are always viewed through the relative lens of current interest rates. Yet another way to put it is that it can be hard to figure out if they have objectively risen or fallen, because of the changed rates.
UPDATE: I can see a comment below says they have gone up in some places. Well, when both rates AND prices have gone up, it is not hard to tell :-)
Well, idk about your area, but property prices in northern Germany are still well above the 2020 mark.