Greix-Decline in apartment prices mainly affects existing stock, new construction prices relatively stable

A comparison of apartment price trends by year of construction in Germany’s largest cities reveals a notable pattern: While prices for new buildings have experienced a relatively modest decline from their peak, the value of existing properties has fallen by more than twice as much. This finding comes from a comprehensive data analysis conducted by the German Real Estate Index (Greix), a project of ECONtribute and the Kiel Institute. 

A recent analysis of the German Real Estate Index (Greix) shows that prices for new apartments in the country’s top 7 cities ÜBerlin, Duesseldorf, Frankfurt a. M., Hamburg, Cologne, Munich, Stuttgart) have experienced a relatively moderate decline of 5.5 percent on average compared to their peak levels. ...