EPX: Almost no property price climb during May

Back to news summary 24/06/2015

Residential real estate prices in Germany lost momentum again in May. The EPX house price index compiled by Europace climbed only by a slight 0.31% to 120.68. This was due to an increase in new construction of only 0,95% as well as to stagnant prices for existing one- and two- family houses (+0.04%) and a decrease for condominium units (-0.13%). Compared to last year, all of the indices gained about 5% due to growth during the past months, although sidewards motion already became evident during April. The entire index climbed about 5,34% over the last twelve months.