real estate properties

Real Estate
IMX: house prices stabilize in October
After the IMX has flipped in recent months, slightly lower offer prices for real estate, the part shows signs of stabilization. The most obvious trend is observed in houses in stock. This shows the current based on over eight million real estate listings on the Internet marketplace Immobilien Scout 24 formed delivery index.

“In this segment,” said Michael Kiefer, head of property assessment in Immobilien Scout 24, “can offer prices continue slight upward trend of the previous month on. It seems that here the trend has finally been reached. “Other signs of stabilization, according to Kiefer also showed the price curves for new homes. They were even slightly decreased in October, but with a strong tendency for soil formation. “The unabated heavy interest in the property in the home market and low interest rates encourage this development,” said the real estate assessors.

Only the offer prices for apartments in the stock continued the downward trend of previous months IMX continued. “A sign that currently determine more apartments with basic facilities in the supply market,” interprets jaw. At the end he sees a growing probability of stabilizing newbuilding prices in good locations. Kiefer: “In the shadow of this development, then the prices for existing homes down again.”

The IMX-trend analysis and forecasting of real estate Scout 24 for the individual sub-markets:

Prices for newly built houses are slightly down with a strong tendency towards stabilization. The price level is slightly lower than last year. There is likely too short to medium term, a significant stabilization. Towards the year end can even expect a price increase also.

For houses in the stock is bottoming out after many months of price cuts is now reached at last. In the coming months, prices will stabilize. In very good locations can even be expected with a slight price increase

The price curve for new homes currently runs similar to that for newly built houses: The prices are slightly down with a strong tendency towards stabilization. The prices of new homes are likely to stabilize towards the year end, and attract good and very good locations.

The offer price of housing in the portfolio are as fallen in the previous month. In the short term is far Germany can be expected to stabilize. Most clearly this is likely the end to see.

Background to the IMX: The database of the index includes all property types – from the condo to the hotel. About the geocoding locates all real estate in full and can be classified according to their location exactly. For the compilation of the index value of all raw data are normalized to the statistical hedonic valuation method. The corresponding conversion factors are constantly evaluated statistically derived directly from market transactions and are therefore the real impact of individual state criteria on price dar. This applies to changing surface properties as well as for object-oriented features such as the year of manufacture. This distortion may be caused by a simple averaging of the data can be avoided.