image

The detailed data set of nominal residential property prices consists of around 300 series from 60 countries, collected from national central banks. The data set is updated monthly.

https://www.bis.org/statistics/pp.htm

What you will have to know: Land is cheapest where there is a Problem with the economy.

Right now this is true for: Greece, Russia, Spain, Italy, Brazil(?), East-Germany… And many more.

So of course: if you add up the massive speculation driven house prices of Munich (West-Germany, +70% overpriced) and the property prices of East-German Saxon where you can buy a old house for 5000€ because of lack of jobs, than you come up with a slight increase in houseprices in Europe completely ignoring regional massive differences.

Leave a Reply

Your email address will not be published. Required fields are marked *