Ecco l'House Price Index (HPX) di Hypoport

30 marzo 2007

Da Berlino, Hypoport, società "internet-based" di servizi finanziari, ha diffuso il 30 marzo un proprio Index.

Ecco il Comunicato:
"A sharp fall in prices of German apartments in February offset a sturdy performance by new and existing homes to hold overall prices in German residential property almost flat compared to January, the Hypoport German House Price Index (HPX) shows. Apartment prices fell no less than 2.1% on the month, extending a 1.1% m/m decline in January, and bringing a slight downturn over the prior 12 months of 0.2%. This reversed a stronger annual trend seen in January compared to the same month in 2006. The fall partly represents a normal cyclical pattern but is exaggerated by the increasing requirement of institutional investors, many of them foreign-based, to privatise apartment stocks acquired in recent portfolio acquisitions, Hypoport said. By contrast, existing home prices were very strong last month. They rose in February by 1.8% compared to the first month of 2007, and thereby strengthened still further from the fractional monthly rise of just 0.2% m/m seen in January. Over the prior 12 months to February, HPX showed, prices of existing homes rose by 0.6%, turning round annual weakness in the period to January 2007.
New home values also demonstrated considerable resilience in February, rising by 0.7% compared to January, HPX showed. Prices for new dwellings have been rising on a trend rate of around 3% in the last three months, and over the prior 12 months are up by 1.7%, albeit a touch slower than their rise in the 12 months to January. Developments in the individual German property segments in February reflected the early year trends in free-standing single homes with garden, Hypoport co-CEO Ronald Slabke said. ”After the rather desolate winter months in sales terms, more apartments began to come onto the market in February from individual private sellers and from builders making greater efforts to sell newly-constructed stock,” he said. “While the demand for apartments follows a traditional cyclical pattern – with lower sales in the summer months, for instance – the popular desire to move into one’s own home with a garden is always strongest at the end of the winter season. This increased supply in the market usually meets only average demand in the early months of spring, and brings prices under some pressure.”
However, Slabke added: “Additional pressure on apartment prices derives from the strong sales efforts being made by institutional investors in the German market. It remains to be seen how this trend develops in the future, although we are slightly pessimistic in regard to prices in this segment.“. HPX, which draws on adjusted data from between 4,000 and 7,000 home sales per month transacted on Hypoport’s proprietary EUROPACE internet-based B2B platform, showed that the average price for a German apartment sold in February was €144,035, or €1,712 per sq.m. For existing homes it was €205,545 or €1,659 per sq.m., and for new homes it amounted to €224,258 or €1,798 per sq.m".