Growth comparison

Frankfurt home growth vs VXUS

How has the implied 60 m² new-build condominium value in Frankfurt am Main grown relative to VXUS over the same period? Both series use aligned observations.

Across the full published history, the Frankfurt implied 60 m² new-build condominium value rose 64.3%, while VXUS share price converted to EUR rose 48.2%. The chart recalculates its indexed readings from the selected range’s first shared observation.
  • Implied 60 m² new-build condominium value at the published annual price per square metre
  • Frankfurt am Main
  • annual
  • Indexed to 100
Selected-range growthMax
Home growth
+64.3%
2016-12 to 2025-12
VXUS growth
+48.2%
Selected range
Growth gap
+16.0 pp
Home minus asset
Frequency
annual
Aligned observations

In the selected Max range, Frankfurt implied 60 m² new-build condominium value changed +64.3%, VXUS share price converted to EUR changed +48.2%, and the home-minus-asset gap was +16.0 pp.

Frankfurt home growth vs VXUS
Data through 2025
80.0100.0120.0140.0160.0180.0201620182020202120232025
Frankfurt implied 60 m² new-build condominium value
VXUS share price converted to EUR
Frankfurt home growth vs VXUS: summary statistics (Max range)
SeriesFirstLatestMinMax
Frankfurt implied 60 m² new-build condominium value100.0164.3100.0173.7
VXUS share price converted to EUR100.0148.2100.0148.2
Asset source
VXUS
Latest home index
164.3
Latest VXUS index
148.2
Selected range
2016-12-312025-12-31
Full-history home change
+64.3%
Full-history VXUS change
+48.2%
See this Frankfurt home priced in VXUS
01

How this is calculated

Formula
Series value ÷ first available value in selected range × 100

Each line starts at 100 using the first shared observation available in the selected range. A reading of 150 means that series has risen 50% since that period.

Housing value as published for the calendar year; asset and FX prices are arithmetic means of their available daily closes in the same calendar year.

02

What the comparison shows

The indexed lines compare percentage growth, not price levels. A widening gap means one series has grown faster since the selected range began; it does not mean the two assets have the same value or risk.

Housingimplied-60sqm-new-build-condominiumFirst sales of new-build condominiumsFrankfurt am Main · Implied 60 m² new-build condominium value at the published annual price per square metre
AssetVXUSInternational ex-US ETF (VXUS)split adjusted close · USD
03

Frequently asked questions

12 answers
How is Frankfurt home growth compared with VXUS?

The aligned home-value and VXUS price series are each divided by their first shared observation in the selected range and multiplied by 100.

Why do both lines begin at 100?

A common starting index removes the difference in original price levels. A reading of 150 means that series has grown 50% since the selected range began.

What does the percentage-point gap show?

It is Frankfurt home growth minus VXUS growth over the selected range. A negative gap means VXUS grew faster.

Is this a total-return comparison?

No. The chart compares the published home-value measure with the asset price. It excludes dividends, rental income, transaction costs, financing, maintenance, and taxes.

Where do the Frankfurt housing and VXUS data come from?

Gutachterausschuss Frankfurt am Main supplies the housing series for Frankfurt am Main. The VXUS series uses VXUS from the asset source linked beside the chart. Both are aligned to the page’s annual frequency.

How many observations are included?

10 aligned observations are shown from 2016-12-31 through 2025-12-31. All are marked complete.

Can the latest growth reading change after publication?

Yes. Use the latest official market report and correction notices. The report's new-build definition changes from the 2017 observation onward. The page was derived from housing data fetched on 2026-08-23, and later source revisions can change the indexed path and growth gap.

Does a wider growth gap imply causation?

No. The gap describes the difference between Frankfurt home growth and VXUS price growth over the selected range. It does not show that either series caused the other or predict what happens next.

How sensitive is the growth gap to the selected start date?

The gap can be highly sensitive to the base period because both series reset to 100 at the range’s first shared observation. The 1Y, 5Y, 10Y, and Max views answer different historical questions and should be labelled with their chosen window.

Is the growth gap a measure of statistical significance?

No. It is an arithmetic difference between two indexed growth rates. The page does not estimate confidence intervals, volatility-adjusted performance, correlation, or statistical significance.

How do currency moves affect VXUS growth?

VXUS is converted from USD into EUR for each aligned observation. Its local-currency growth therefore includes both the asset-price move and the exchange-rate move.

How should I cite this observation?

Cite the PIER20 page and access date, then identify Gutachterausschuss Frankfurt am Main as the housing source and VXUS as the asset series. State that the comparison runs through 2025-12-31 and uses annual aligned observations.

Run one idea in minutes.

One tested idea, through the evidence stack. No migration of any kind.

Run one idea
Film: return to water