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.

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.

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.

The average bid price of new housing in Europe was the highest in Luxembourg, at 8,760 euros per square meter. Since there is no central body that collects and tracks transaction activity or house prices across the whole continent or the European Union, only bid prices were considered. House prices have been soaring, with Sweden topping the ranking Considering the RHPI of houses in Europe (the price index in real terms, which measures price changes of single-family properties adjusted for the impact of inflation), however, the picture changes. Sweden, Luxembourg and Norway top this ranking, meaning residential property prices have surged the most in these countries. Real values were calculated using the so-called Personal Consumption Expenditure Deflator (PCE), This PCE uses both consumer prices as well as consumer expenditures, like medical and health care expenses paid by employers. It is meant to show how expensive housing is compared to the way of living in a country. Home ownership highest in Eastern Europe The home ownership rate in Europe varied from country to country. In 2020, roughly half of all homes in Germany were owner-occupied whereas home ownership was at nearly ** percent in Romania or around ** percent in Slovakia and Lithuania. These numbers were considerably higher than in France or Italy, where homeowners made up ** percent and ** percent of their respective populations.For more information on the topic of property in Europe, visit the following pages as a starting point for your research: real estate investments in Europe and residential real estate in Europe.

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 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.

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.

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

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

Portugal, Canada, and the United States were the countries with the highest house price to income ratio in 2024. In all three countries, the index exceeded 130 index points, while the average for all OECD countries stood at 116.2 index points. The index measures the development of housing affordability and is calculated by dividing nominal house price by nominal disposable income per head, with 2015 set as a base year when the index amounted to 100. An index value of 120, for example, would mean that house price growth has outpaced income growth by 20 percent since 2015. How have house prices worldwide changed since the COVID-19 pandemic? House prices started to rise gradually after the global financial crisis (2007–2008), but this trend accelerated with the pandemic. The countries with advanced economies, which usually have mature housing markets, experienced stronger growth than countries with emerging economies. Real house price growth (accounting for inflation) peaked in 2022 and has since lost some of the gain. Although, many countries experienced a decline in house prices, the global house price index shows that property prices in 2023 were still substantially higher than before COVID-19. Renting vs. buying In the past, house prices have grown faster than rents. However, the home affordability has been declining notably, with a direct impact on rental prices. As people struggle to buy a property of their own, they often turn to rental accommodation. This has resulted in a growing demand for rental apartments and soaring rental prices.

The financial crisis of 2008 has caused a number of changes in the investment of both companies and individuals. One of the widely invested assets became the real estate market. The decline in real estate prices was noted in 2009 and 2012-2014. The highest decrease in property prices was indicated in Bulgaria, Ireland, Lithuania, Latvia, Slovakia and Estonia. Property prices, despite the crisis, increased however in Belgium and Germany. On average, property prices in the EU declined by 4.4% in 2009, 1.9% in 2012 and 1.2% in 2013.

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.

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.

Germany Manufactured Homes Market Size was valued at USD 7.30 Billion in 2024 and is Projected to reach USD 53 Billion by 2032, growing at a CAGR of 6.4% from 2026 to 2032.

Affordable Housing Crisis: According to the Federal Statistical Office (Destatis), the average property price in Germany will rise 11.5% by 2023, making traditional dwellings out of reach for many. Meanwhile, prefabricated homes are often priced 20-30% lower than traditional residences, making them a more appealing alternative for first-time purchasers. Aging Population and Retirement Housing Needs: According to Germany's Federal Statistical Office, 22.4% of the population is 65 years or older as of 2024, with the figure predicted to rise to 27% by 2033. This demographic trend is increasing demand for single-story, accessible prefabricated houses that meet the demands of elders.

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 - Electricity prices: Non-household, medium size consumers was EUR0.20 Kilowatt-hour in December of 2024, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for Germany - Electricity prices: Non-household, medium size consumers - last updated from the EUROSTAT on December of 2025. Historically, Germany - Electricity prices: Non-household, medium size consumers reached a record high of EUR0.20 Kilowatt-hour in December of 2024 and a record low of EUR0.08 Kilowatt-hour in December of 2017.

Germany - Gas prices: Non-household, medium size consumers was EUR15.43 Gigajoule (gross calorific value - GCV) in December of 2024, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for Germany - Gas prices: Non-household, medium size consumers - last updated from the EUROSTAT on December of 2025. Historically, Germany - Gas prices: Non-household, medium size consumers reached a record high of EUR18.56 Gigajoule (gross calorific value - GCV) in December of 2023 and a record low of EUR6.60 Gigajoule (gross calorific value - GCV) in December of 2021.

Germany: Furniture and household maintenance prices, world average = 100: The latest value from 2021 is 123.14 index points, an increase from 118.91 index points in 2017. In comparison, the world average is 82.49 index points, based on data from 165 countries. Historically, the average for Germany from 2017 to 2021 is 121.03 index points. The minimum value, 118.91 index points, was reached in 2017 while the maximum of 123.14 index points was recorded in 2021.