Cyclical differences in German A-cities over the last 35 years

Prof. Dr. Tobias Just, FRICS, University of Regensburg and IRE|BS Real Estate Academy

This point of view is about looking closely. I looked at the average housing price dynamics for large German cities and proposed a new key figure with the urban price range in order to be able to map relative dynamics. The core message is that real estate markets, for all their similarities, have strong local characteristics, that it is important to understand them, and that you have to regularly review habitual thought patterns, because each cycle is a little different in every city. This is good news because it implies that good analysis, data security, and professionalism are valuable. Simple rules of thumb have a half-life, and this is not constant in time or across cities.