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Old 22-05-2008, 04:33 PM
neustria neustria is offline
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The German institute of town planners (Institut für Städtebau) has recently reported on house price trends in Germany (Der Spiegel, August'07). In particular, it reports that house prices are continuing to see upward pressure, particularly in the cities, due to a general housing shortage. On average, the cost of a house in the west is €173k (+1.2% increase over the year), whilst in the east the average price of a house is only €100k (+1.4%). Deutschinvest
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The figures that you give here are well under German inflation for the last 12 months, and so certainly DO NOT constitute 'upward pressure'.
Prices considered to be stable over the last 12 months in Germany...at best.

Neustria
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