The average price of detached and duplex houses in the biggest cities in Germany varied between approximately ***** euros and 10,000 euros per square meter in 2024. Housing was most expensive in Munich, where the square meter price of houses amounted to ***** euros. Conversely, Berlin was most affordable, with the square meter price at ***** euros. How have German house prices evolved? House prices maintained an upward trend for more than a decade, with 2020 and 2021 experiencing exceptionally high growth rates. In 2021, the nominal year-on-year change exceeded 10 percent. Nevertheless, the second half of 2022 saw the market slowing, with the annual percentage change turning negative for the first time in 12 years. Another way to examine the price growth is through the house price index, which uses 2015 as a base. At its peak in 2022, the German house price index measured about *** percent, which means that a house bought in 2015 would have appreciated by ** percent. Is housing affordable in Germany? Housing affordability depends greatly on income: High-income areas often tend to have more expensive housing, which does not necessarily make them unaffordable. The house price to income index measures the development of the cost of housing relative to income. In the first quarter of 2024, the index value stood at ***, meaning that since 2015, house price growth has outpaced income growth by about ** percent. Compared with the average for the euro area, this value was lower.

Housing Index in Germany increased to 220.43 points in October from 219.91 points in September of 2025. This dataset provides the latest reported value for - Germany House Price Index - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Graph and download economic data for Real Residential Property Prices for Germany (QDER628BIS) from Q1 1970 to Q2 2025 about Germany, residential, HPI, housing, real, price index, indexes, and price.

Key information about House Prices Growth

• Germany house prices grew 3.2% YoY in Jun 2025, following an increase of 3.5% YoY in the previous quarter.
• YoY growth data is updated quarterly, available from Mar 2001 to Jun 2025, with an average growth rate of 3.8%.
• House price data reached an all-time high of 12.8% in Sep 2021 and a record low of -10.2% in Sep 2023.

In 2024, Munich in Bavaria had the most expensive houses among the German cities listed, typically costing around *** million euros. By comparison, Bremen and Magdeburg had significantly lower prices, at ******* and ******* euros respectively.

The nominal price of residential properties in Germany in the second quarter of 2025 showed an increase of **** percent. This marks a recovery from previous declines, as the annual house price growth had turned negative in the earlier quarters of 2023, where house prices fell by over ** percent. Adjusted for inflation, the increase was noted at **** percent in the second quarter of 2025. This trend could be observed across the major German cities.

House Price Index YoY in Germany decreased to 2.50 percent in October from 2.60 percent in September of 2025. This dataset includes a chart with historical data for Germany House Price Index YoY.

In Germany, apartments were most expensive in Munich, with the average square meter price as high as ***** euros. In Cologne, on the other hand, the average square meter price was about ***** euros. According to the house price index in Germany, house prices in the country have seen an increase since the beginning of 2024, after declining from a peak in 2022.

Rents in Germany continued to increase in all seven major cities in 2024. The average rent per square meter in Munich was approximately **** euros — the highest in the country. Conversely, Düsseldorf had the most affordable rent, at approximately **** euros per square meter. But how does renting compare to buying? According to the house price to rent ratio, house prices in Germany have risen faster than rents, making renting more affordable than buying. Affordability of housing in Germany In 2023, Germany was among the European countries with a relatively high house price to income ratio in Europe. The indicator compares the affordability of housing across OECD countries and is calculated as the nominal house prices divided by nominal disposable income per head, with 2015 chosen as a base year. Between 2012 and 2022, property prices in the country rose much faster than income, with the house price to income index peaking at *** index points at the beginning of 2022. Slower house price growth in the following years has led to the index declining, as incomes catch up. Nevertheless, homebuyers in 2024 faced significantly higher mortgage interest rates, contributing to a higher final cost. How much does buying a property in Germany cost? Just as with renting, Munich was the most expensive city for newly built apartments. In 2024, the cost per square meter in Munich was almost ***** euros pricier than in the runner-up city, Frankfurt. Detached and semi-detached houses are usually more expensive. The price gap between Munich and the second most expensive city, Stuttgart, was nearly ***** euros per square meter.

Germany House Price Index: Existing Residential Properties data was reported at 129.900 2010=100 in Dec 2016. This records an increase from the previous number of 127.700 2010=100 for Sep 2016. Germany House Price Index: Existing Residential Properties data is updated quarterly, averaging 101.950 2010=100 from Mar 2000 (Median) to Dec 2016, with 68 observations. The data reached an all-time high of 129.900 2010=100 in Dec 2016 and a record low of 97.000 2010=100 in Mar 2007. Germany House Price Index: Existing Residential Properties data remains active status in CEIC and is reported by Statistisches Bundesamt. The data is categorized under Global Database’s Germany – Table DE.EB003: House Price Index: 2010=100. Rebased from 2010=100 to 2015=100 Replacement series ID: 388473217

Apartment prices in Germany declined in all major cities in 2023. The average sales price varied between approximately ***** euros and ***** euros per square meter in the ************** of the year. Apartments were most expensive in Munich, where a square meter in a residential multifamily building cost ***** in the ************** of the year. Conversely, Düsseldorf had the most affordable prices, at ***** euros per square meter. Prices for detached houses were even higher.

Germany Commercial Property Market Index: WG: 49 Cities: Average Retail Rent: Suburban data was reported at 166.760 1975=100 in 2019. This records an increase from the previous number of 166.010 1975=100 for 2018. Germany Commercial Property Market Index: WG: 49 Cities: Average Retail Rent: Suburban data is updated yearly, averaging 143.580 1975=100 from Dec 1975 (Median) to 2019, with 45 observations. The data reached an all-time high of 192.090 1975=100 in 1993 and a record low of 100.000 1975=100 in 1975. Germany Commercial Property Market Index: WG: 49 Cities: Average Retail Rent: Suburban data remains active status in CEIC and is reported by Bulwiengesa AG. The data is categorized under Global Database’s Germany – Table DE.EB004: Property Market Index.

Germany Commercial Property Market Index: 127 Cities: Average City Centre Office Rent data was reported at 114.360 1990=100 in 2019. This records an increase from the previous number of 107.870 1990=100 for 2018. Germany Commercial Property Market Index: 127 Cities: Average City Centre Office Rent data is updated yearly, averaging 89.865 1990=100 from Dec 1990 (Median) to 2019, with 30 observations. The data reached an all-time high of 114.360 1990=100 in 2019 and a record low of 79.810 1990=100 in 2005. Germany Commercial Property Market Index: 127 Cities: Average City Centre Office Rent data remains active status in CEIC and is reported by Bulwiengesa AG. The data is categorized under Global Database’s Germany – Table DE.EB004: Property Market Index.

In Q4 2024, the real estate price index in Germany was ***. This means that prices rose by ** percent compared to the baseline of Q1 2004. This was virtually unchanged from the previous year.

Real residential property prices Y-on-Y, percent change in Germany, March, 2025 The most recent value is 1.51 percent as of Q1 2025, an increase compared to the previous value of -0.37 percent. Historically, the average for Germany from Q1 1990 to Q1 2025 is 0.22 percent. The minimum of -15 percent was recorded in Q2 2023, while the maximum of 9.08 percent was reached in Q2 2021. | TheGlobalEconomy.com

Germany - Median of the housing cost burden distribution: Cities was 20.10% in December of 2024, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for Germany - Median of the housing cost burden distribution: Cities - last updated from the EUROSTAT on November of 2025. Historically, Germany - Median of the housing cost burden distribution: Cities reached a record high of 24.80% in December of 2012 and a record low of 18.50% in December of 2020.

Germany - Median of the housing cost burden distribution: Males was 18.20% in December of 2024, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for Germany - Median of the housing cost burden distribution: Males - last updated from the EUROSTAT on December of 2025. Historically, Germany - Median of the housing cost burden distribution: Males reached a record high of 22.10% in December of 2011 and a record low of 16.00% in December of 2020.

Germany - Median of the housing cost burden distribution: Females was 19.30% in December of 2024, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for Germany - Median of the housing cost burden distribution: Females - last updated from the EUROSTAT on November of 2025. Historically, Germany - Median of the housing cost burden distribution: Females reached a record high of 23.10% in December of 2012 and a record low of 16.80% in December of 2020.

Germany - Median of the housing cost burden distribution: 65 years or over was 20.10% in December of 2024, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for Germany - Median of the housing cost burden distribution: 65 years or over - last updated from the EUROSTAT on November of 2025. Historically, Germany - Median of the housing cost burden distribution: 65 years or over reached a record high of 25.60% in December of 2013 and a record low of 16.30% in December of 2020.

Germany Commercial Property Market Index: WG: 49 Cities: Average Retail Rent: City data was reported at 288.700 1975=100 in 2019. This records a decrease from the previous number of 293.880 1975=100 for 2018. Germany Commercial Property Market Index: WG: 49 Cities: Average Retail Rent: City data is updated yearly, averaging 226.630 1975=100 from Dec 1975 (Median) to 2019, with 45 observations. The data reached an all-time high of 294.350 1975=100 in 2017 and a record low of 100.000 1975=100 in 1975. Germany Commercial Property Market Index: WG: 49 Cities: Average Retail Rent: City data remains active status in CEIC and is reported by Bulwiengesa AG. The data is categorized under Global Database’s Germany – Table DE.EB004: Property Market Index.