Apartment prices drop by one fourth in three years

The FHB Apartmentindex shows that the real estate prices decreased by 5,7 per cent last year, compared to 2009, in real terms meaning a 9,7 percent drop.  Since the start of the “financial crisis” (in three years) the prices of real estate has dropped nominally with 15, and in real terms 26 percent.

The transactions of apartments are at a decade low, with numbers of transactions dropped with one third.  While during the peak times in the first five years of this century, 200 thousand real estates traded owners, the number today is around 72 thousand, beeing at a worse level than expected.