N-TV had a early morning piece, and talked about the latest in real estate trends.
Where Germans are currently headed? Out of major cities, and into medium-to-small cities.
Average price of a house now? 487,000 Euro. I should note this....in the Wiesbaden area...for a full-up house....in crappy shape and needing renovation....400k is now the minimum, and decent houses run a minimum of 700k Euro. For a nice neighborhood with adequate property....you'd be talking one-million Euro minimum.
The report also brought up that financing for the new buyers is becoming a more difficult problem.
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