 RIWIS Online - About the Data - Definitions and Additional Information | |||
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Terrace Houses | |
| Definition: Prices for Terrace Houses The price for a terraced house (mid-terrace) is given in Euro and describes the total price for a house with 100-120 sqm living space and general fittings. Prices given are nominal values. Minimum and maximum prices describe a range based mainly on differences regarding location. Prices shown are net prices without accessory charges, and don't take incentives or other benefits into account. The Maximum is defined as an average of the top 3-5 % of all sales in each submarket, and not the most top price realised. The Average is an weighted average value of all prices within a submarket. All average values are not strict mathematical means, modes or medians, but rather describe a typical, common rent level for each submarket. Data: Source: The Residential Market Data is based on empirical research and data collection performed by bulwiengesa AG. In order to acquire the relevant base of information numerous real estate agents, banks, building associations, local economic development agencies and other semi-public and public organisations (IHK, Gutachterausschuss, ...) are interviewed. Additionally various press-releases and publications concerning the property market are analysed and taken into account.Based on this information and on the knowledge of bulwiengesa AG each value will be checked on plausibility and finally results in the value published in RIWIS. |