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Housing Market: Germany: Difference between revisions
→EPX Index
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==== <big>EPX Index</big> ==== | ==== <big>EPX Index</big> ==== | ||
''The EPX hedonic is based on transaction data from private real estate financing from the independent Europace platform. Around 20 percent of all real estate financing for private customers in Germany is processed via Europace. The EPX was developed in 2005 together with the Federal Office for Building and Regional Planning BBR and has been collected monthly since then.'' <ref>https://report.europace.de/epx-hedonic/</ref> | ''The EPX hedonic is based on transaction data from private real estate financing from the independent Europace platform. Around 20 percent of all real estate financing for private customers in Germany is processed via Europace. The EPX was developed in 2005 together with the Federal Office for Building and Regional Planning BBR and has been collected monthly since then.'' <ref>https://report.europace.de/epx-hedonic/</ref> | ||
[[File:EPX-Hedonic Juni 2024-DE-2-2048x1152.jpg|alt=|center|thumb|582x582px|https://report.europace.de/alle-news/europace-hauspreisindex-marz-2-2-2-6/]] | |||
'''Q2 2024''' | |||
[[File:Bildschirmfoto-2024-07-05-um-11.35.50.png|center|thumb|585x585px|https://report.europace.de/alle-news/europace-hauspreisindex-juni-2-2-2-5-2-2-2/]] | |||
* In June, prices for condominiums rose by 0.78 percent and the index reached 210.96 points. In the same period last year, prices rose by 0.55 percent - the first positive development since October 2022. <ref>https://report.europace.de/alle-news/europace-hauspreisindex-juni-2-2-2-5-2-2-2/</ref> | |||
* In the segment of existing single- and two-family homes, prices remained stable in June with a minimal price decline of 0.08 percent. The index fell to 193.38 index points. Over the last 12 months, prices fell by 1.56 percent. | |||
* The costs for new buildings also fell only minimally in June by 0.12 percent and the house price index is at 234.56 points. Compared to the previous year, prices rose by 2.62 percent. | |||
* Overall, the overall index remains stable with a slight increase of 0.19 percent. The index reached 212.97 points. Compared to the same period last year, prices increased by 0.64 percent for the first time in months. | |||
<blockquote>“ ''The prices for condominiums continue to rise, while real estate prices for existing houses and new buildings remain stable with minimal price declines'' ,” explains Stefan Münter, Co-CEO and board member of Europace, explaining the house price index. “ ''The bottom has long been reached and we continue to see a clearly high demand for real estate. We expect prices to rise in the coming months and see a slow shift from a buyer’s market to a seller’s market. The feasibility is unlikely to improve and the supply will decrease again in the future. It is therefore essential to keep a close eye on the economic conditions and to react flexibly to changes'' ,” adds Münter.</blockquote><blockquote>" ''The current data clearly show that the price decline on the German housing market is over, but it also shows that there is still headwind in the price regatta'' ," says Sebastian Hein, Director of Market Data at VALUE Ag, analyzing the current figures. " ''The rental markets have also taken a breather, which only seems to indicate an easing after the extreme dynamics of the last few quarters. The rental supply is continuing to decline and moving is therefore becoming more difficult even without new price impulses'' ," he continues.</blockquote> | |||
===== Q1 2024 ===== | ===== Q1 2024 ===== | ||
[[File:Bildschirmfoto-2024-04-05-um-12.24.25.png|center|thumb|642x642px|https://report.europace.de/alle-news/europace-hauspreisindex-marz-2-2-2-6/]] | [[File:Bildschirmfoto-2024-04-05-um-12.24.25.png|center|thumb|642x642px|https://report.europace.de/alle-news/europace-hauspreisindex-marz-2-2-2-6/]] | ||