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.

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.

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.

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.

The average rent price of residential real estate in Germany was approximately two euros higher for newly built properties than existing ones in 2023. Rents have increased steadily since 2004 and in the fourth quarter of 2023, the average square meter rent for a newly constructed property reached **** euros. The rent for existing housing was slightly lower at *** euros per square meter. Among the major cities in Germany, Munich had the highest rents.

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.

Geneva stands out as Europe's most expensive city for apartment purchases in early 2025, with prices reaching a staggering 15,720 euros per square meter. This Swiss city's real estate market dwarfs even high-cost locations like Zurich and London, highlighting the extreme disparities in housing affordability across the continent. The stark contrast between Geneva and more affordable cities like Nantes, France, where the price was 3,700 euros per square meter, underscores the complex factors influencing urban property markets in Europe. Rental market dynamics and affordability challenges While purchase prices vary widely, rental markets across Europe also show significant differences. London maintained its position as the continent's priciest city for apartment rentals in 2023, with the average monthly costs for a rental apartment amounting to 36.1 euros per square meter. This figure is double the rent in Lisbon, Portugal or Madrid, Spain, and substantially higher than in other major capitals like Paris and Berlin. The disparity in rental costs reflects broader economic trends, housing policies, and the intricate balance of supply and demand in urban centers. Economic factors influencing housing costs The European housing market is influenced by various economic factors, including inflation and energy costs. As of April 2025, the European Union's inflation rate stood at 2.4 percent, with significant variations among member states. Romania experienced the highest inflation at 4.9 percent, while France and Cyprus maintained lower rates. These economic pressures, coupled with rising energy costs, contribute to the overall cost of living and housing affordability across Europe. The volatility in electricity prices, particularly in countries like Italy where rates are projected to reach 153.83 euros per megawatt hour by February 2025, further impacts housing-related expenses for both homeowners and renters.

Rent Inflation in Germany remained unchanged at 2.10 percent in October. This dataset includes a chart with historical data for Germany Rent Inflation.

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.

Amsterdam is set to maintain its position as Europe's most expensive city for apartment rentals in 2025, with median costs reaching 2,500 euros per month for a furnished unit. This figure is double the rent in Prague and significantly higher than other major European capitals like Paris, Berlin, and Madrid. The stark difference in rental costs across European cities reflects broader economic trends, housing policies, and the complex interplay between supply and demand in urban centers. Factors driving rental costs across Europe The disparity in rental prices across European cities can be attributed to various factors. In countries like Switzerland, Germany, and Austria, a higher proportion of the population lives in rental housing. This trend contributes to increased demand and potentially higher living costs in these nations. Conversely, many Eastern and Southern European countries have homeownership rates exceeding 90 percent, which may help keep rental prices lower in those regions. Housing affordability and market dynamics The relationship between housing prices and rental rates varies significantly across Europe. As of 2024, countries like Turkey, Iceland, Portugal, and Hungary had the highest house price to rent ratio indices. This indicates a widening gap between property values and rental costs since 2015. The affordability of homeownership versus renting differs greatly among European nations, with some countries experiencing rapid increases in property values that outpace rental growth. These market dynamics influence rental costs and contribute to the diverse rental landscape observed across European 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.

The increase in domestic tourism and overnight stays by foreign travellers has resulted in steady revenue growth for the industry. Only in 2020 and 2021 did the spread of the coronavirus lead to a temporary disruption in tourism and a loss of guests in accommodation establishments lasting several weeks, from which the industry was able to recover quickly in the following years. As a result, industry revenue rose by an average of 1.1% per year between 2019 and 2024. In the current year, industry turnover is also expected to grow by 1.3% to 1.7 billion euros. Online bookings have become the standard in the holiday home and holiday apartment industry as they offer a convenient and efficient way to find, compare and book accommodation. Travellers benefit from the variety of options available around the clock, which increases their flexibility. Rising expectations for comfort and family-friendliness have led to increased interest in holiday homes and flats, which has a positive impact on industry sales. Due to the challenging macroeconomic environment, growth in the sector is expected to be slow in the coming years, as consumer spending and the number of domestic travellers are likely to increase only moderately. In addition, the consequences of climate change could make the operation of holiday flats in ski resorts unprofitable. At the same time, however, regulations could restrict competing home-sharing platforms and thus increase demand for holiday flats. For the period from 2024 to 2029, IBISWorld forecasts average growth in industry turnover of 1.1% per year to 1.8 billion euros.

Germany House Price Index: Newly Created Residential Real Estate data was reported at 127.900 2010=100 in Dec 2016. This records an increase from the previous number of 125.400 2010=100 for Sep 2016. Germany House Price Index: Newly Created Residential Real Estate data is updated quarterly, averaging 92.750 2010=100 from Mar 2000 (Median) to Dec 2016, with 68 observations. The data reached an all-time high of 127.900 2010=100 in Dec 2016 and a record low of 86.000 2010=100 in Mar 2007. Germany House Price Index: Newly Created Residential Real Estate 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: 388473207

In 2023, Berlin Mitte was the most expensive district for apartment rentals, with an average asking basic rent of **** euros per square meter (excluding extra costs). The average for the city in this period was ***** euros per square meter. That was higher than the average rent in the Germany.

Housing and residential status. Residential area and social structure. Mobility and economic situation. Employment. Election decision and participation.

Topics: 1. Housing and housing status: size of the place of residence (degree of urbanisation); location; duration of residence; satisfaction with the place of residence; length of residence in the apartment; number of moves in the last ten years; previous place of residence; residential status of the previous apartment; living space of the previous apartment; reasons for moving; main reason for moving; residential status of the current apartment; one or more households in the house; monthly contribution costs; type of purchase of house/flat; construction of the house/flat by public subsidies; amount of monthly mortgage repayment and interest; amount of monthly ancillary costs; amount of heating costs in the last calendar year; amount of maintenance costs in the last calendar year; monthly burden subsidy received from the state; housing entitlement certificate required; owner of the flat; rent amount; rent including costs for heating and hot water; amount of lump sum for heating and hot water (or. for heating and hot water separately); average costs for heating and hot water and payment period; rent includes modernisation charge; amount of modernisation charge in total or per sqm; type of modernisation measures for which a modernisation charge is paid; adequacy of rental costs; receipt of housing benefit; amount of monthly housing charge; living space; number of rooms; assessment of apartment size; apartment furnishing; apartment equipment meets needs; preferred living standard; year of construction of the house; assessment of the structural condition of the house; satisfaction with the apartment.

1. Residential area and social structure: satisfaction with the immediate residential environment; satisfaction with the environmental conditions at the place of residence; walking distance to selected facilities (e.g. public transport stops, shopping facilities, doctors, kindergarten, primary school, etc.); social structure: social differences in the immediate living environment; relationship with neighbours; satisfaction with the neighbourhood; development of personal living situation; greatest loss after possible relocation (local connection); preferred home; preferred residential area; foreigners in the residential environment; proportion of foreigners in the residential area compared to other residential areas; foreigners who have been living in the residential area or have recently moved in; newly arrived foreigners are predominantly ethnic Germans, refugees or have been living in Germany for some time; relationship between foreigners and Germans in the residential environment; attitude towards the spatial separation of Germans and foreigners; personal contacts with foreigners or Germans in the family, at work, in the neighbourhood or among friends and acquaintances; assessment of assistance for foreigners (simple entry aids, more extensive integration measures or renouncement of such assistance).

2. Mobility: intention to move; reasons for moving; most important reason for moving; preference for moving (target area); plans for the current apartment within the next two years or changes already carried out in the last two years (new furnish, renovate, modernise, add-on or conversion); classification on a ladder best form of living / worst imaginable apartment (own apartment, in comparison own apartment 5 years ago, best accessible apartment, justly entitled apartment, average apartment of friends and acquaintances, apartment of an average German citizen); assessment of the current personal economic situation.

3. Employment: employment status; job security; length of working distance; longest accepted working distance in minutes; willingness to commute.

4. Election decision and participation: eligibility to vote in the last federal election; participation in the last federal election and election decision (second vote); party preference (Sunday question) or party most likely to be considered.

Demography: sex; age (month of birth and year of birth); highest school leaving certificate or targeted school leaving certificate; age at school leaving certificate; vocational education or training certificate; current or former employment; full-time or part-time employment; current or last professional position; current or last professional activity; marital status; cohab...

The present study deals with a special part of sectorial planning: provision of housing. The provision of housing in the Federal Republic of Germany (BRD) is divided in three different areas. Those areas are: Construction and housing industry, the social structure of the inhabitants and the physical structure of housing and housing estates. Governmental intervention measures mainly address those three areas: they try to regulate the housing provision and the rental prices through financial subsidies, the social distribution of housing through definition of target groups and the housing standards through urban planning and technical guidelines. Therefor the scientific investigation of housing provision needs to be about economic, sociological and urban and architectural aspects and needs to relate those aspects. The study of Kerstin Dornhöfer uses an integrated approach of the investigation of housing provision looking at those three aspects. The objective of the study is to develop criteria for the evaluation, planning and implementation of measures for housing provision. “The state controlled housing provision has its origin in the historical development before the Second World War. Besides the material basis of housing provision in the BRD also knowledge about and experiences with comprehensive steering instruments and its effectiveness resulted from the historical development of housing supply and its state controlled steering. This raises the question to what extent this knowledge and experiences had an impact on governmental policies concerning housing provision in the BRD. The description and analysis of the investigation is based on the following guiding questions:- Which steering instruments the BRD uses to achieve higher effectiveness concerning the socio-political postulate of improving the housing circumstances for the broad masses of people?- Could the dependence of housing provision and is governmental steering on the development of the total capital and on landed property , construction and housing construction capital be eliminated or at least gradually controlled?- What was the impact of governmental steering in the BRD?- How did it come to the current discrepancies in spite of all reform efforts and directing interventions?- What conditions were problematic for the improvement of housing circumstances for the broad masses of people? What are the relevant determinants for housing provision? The first part of this study deals with the description of housing provision for broad masses of people since the foundation of the BRD. This time is divided into four periods; each period begins with an important change in laws that indicated a change in in the governmental steering and transformations of economic and social circumstances. The description of the different periods helps to see the governmental steering instruments and its effectiveness regarding the historical circumstances. In the second part of the study the governmental objectives and steering instruments will be questioned and the circumstances of implementation will be identified based in three criteria. Those criteria are: (1) Housing standards and housing quality; (2) rental price (income-rent ratio); (3) Social distribution (broad masses of people as the target group of governmental steering). The question behind this is; if the thesis, which resulted from the historical development of housing provision before the Second World War, that governmental steering only takes place when the economic circumstances require and allow the public intervention and when public pressure forces governmental intervention, is also valid for the BRD.” (Dorhöfer, K., a. a. O., S. 11-13). Data tables in HISTAT:A. Federal Republic of Germany A.01 Development of population, housing stock and occupation density, BRD and West-Berlin (1950-1975)A.02 Ratio of housing stock and private households by size (1950-1974)A.03 Housing completions in the Federal Republic of Germany (1950-1975)A.04 Financing of housing construction in the Federal Republic of Germany, in percent (1950-1975)A.05 Building owners of housing in the Federal Republic of Germany, in percent (1950-1975)A.06 Price indices for residential buildings, cost of living, land without buildings and rents (1950-1975)A.07 Average monthly expenditures per four person worker-household with average income (1950-1975)A.08 Total cost of an apartment in social housing and average land prices in DM (1950-1975)A.09 Average living area, number of rooms per apartment, equipped with central heating system and bathroom in the BRD (1952-1975)A.10 Proportion of apartments per number of rooms per apartment in the Federal Republic of Germany (1952-1973)A.11 Construction activity of non-profit housing companies (1951-1975)A.12 Number of non-profit housing companies and number of members of housing cooperatives (1950-1975)A.13 Housing stock of the nonprofit housing companies and monthly rent (1951-1975) B. West- Berl...

The present study deals with a special part of sectorial planning: provision of housing. The provision of housing in the Federal Republic of Germany (BRD) is divided in three different areas. Those areas are: Construction and housing industry, the social structure of the inhabitants and the physical structure of housing and housing estates. Governmental intervention measures mainly address those three areas: they try to regulate the housing provision and the rental prices through financial subsidies, the social distribution of housing through definition of target groups and the housing standards through urban planning and technical guidelines. Therefor the scientific investigation of housing provision needs to be about economic, sociological and urban and architectural aspects and needs to relate those aspects. The study of Kerstin Dornhöfer uses an integrated approach of the investigation of housing provision looking at those three aspects. The objective of the study is to develop criteria for the evaluation, planning and implementation of measures for housing provision. “The state controlled housing provision has its origin in the historical development before the Second World War. Besides the material basis of housing provision in the BRD also knowledge about and experiences with comprehensive steering instruments and its effectiveness resulted from the historical development of housing supply and its state controlled steering. This raises the question to what extent this knowledge and experiences had an impact on governmental policies concerning housing provision in the BRD. The description and analysis of the investigation is based on the following guiding questions: - Which steering instruments the BRD uses to achieve higher effectiveness concerning the socio-political postulate of improving the housing circumstances for the broad masses of people? - Could the dependence of housing provision and is governmental steering on the development of the total capital and on landed property , construction and housing construction capital be eliminated or at least gradually controlled? - What was the impact of governmental steering in the BRD? - How did it come to the current discrepancies in spite of all reform efforts and directing interventions? - What conditions were problematic for the improvement of housing circumstances for the broad masses of people? What are the relevant determinants for housing provision?

The first part of this study deals with the description of housing provision for broad masses of people since the foundation of the BRD. This time is divided into four periods; each period begins with an important change in laws that indicated a change in in the governmental steering and transformations of economic and social circumstances. The description of the different periods helps to see the governmental steering instruments and its effectiveness regarding the historical circumstances. In the second part of the study the governmental objectives and steering instruments will be questioned and the circumstances of implementation will be identified based in three criteria. Those criteria are: (1) Housing standards and housing quality; (2) rental price (income-rent ratio); (3) Social distribution (broad masses of people as the target group of governmental steering). The question behind this is; if the thesis, which resulted from the historical development of housing provision before the Second World War, that governmental steering only takes place when the economic circumstances require and allow the public intervention and when public pressure forces governmental intervention, is also valid for the BRD.” (Dorhöfer, K., a. a. O., S. 11-13).

Data tables in HISTAT: A. Federal Republic of Germany A.01 Development of population, housing stock and occupation density, BRD and West-Berlin (1950-1975) A.02 Ratio of housing stock and private households by size (1950-1974) A.03 Housing completions in the Federal Republic of Germany (1950-1975) A.04 Financing of housing construction in the Federal Republic of Germany, in percent (1950-1975) A.05 Building owners of housing in the Federal Republic of Germany, in percent (1950-1975) A.06 Price indices for residential buildings, cost of living, land without buildings and rents (1950-1975) A.07 Average monthly expenditures per four person worker-household with average income (1950-1975) A.08 Total cost of an apartment in social housing and average land prices in DM (...

The sixth arrondissement of Paris was the area with the highest residential real estate price in the French capital as of May 2025. In this arrondissement, which includes several historical sites like Saint-Germain-des-Prés, the Académie Française, and the Jardin du Luxembourg, the average price per square meter amounted to over ****** euros. Paris is known for being one of the most expensive European cities to rent an apartment. The price difference in the twenty arrondissements of Paris The French capital is divided into twenty arrondissements, which correspond to administrative districts. Because of their geographical situations in regards with the economic centers of the city of Paris, as well as their environments and the living conditions they offer, arrondissements do not have the same average price per square meter. For example, the average square meter price for an apartment in cosmopolitan districts like the 19th and the 20th arrondissements, located in the northeastern part of the city, amounted to around ***** euros, compared to close to ****** euros in Le Marais (4th arrondissement). Paris was by far the most expensive city in France, regardless of the location of the accommodation. In 2023, the average price per square meter for rental flats reached ** euros in Paris and ** euros in Marseille, France’s second-largest city. The rise in rental prices in European cities It appears cities in Europe have seen their rental prices increasing over the past years. In Germany, for instance, if Berlin used to be described as “poor but sexy” (to quote Berlin’s former mayor Klaus Wowereit), it appears that the German capital is not unaffected by the rise in rents. From 2016 to 2022, the average rent price of residential property in Berlin went from *** euros per square meter to **** euros five years later.

Most of the German population rented their housing. In 2023, around ** million people did so, compared to roughly **** million who had their own house. The German real estate market does offer different housing options, but it is also an increasingly tough one for tenants and future homeowners to navigate amid the ongoing recession. Competitive and expensive Becoming a homeowner is getting more and more difficult in Germany. After almost a decade of uninterrupted growth, the market has entered a period of downturn. For years, homebuyers could access cheap credit, with mortgage rates as low as *** percent. However, in 2022 and 2023, mortgage rates have increased strongly to over **** percent, making it much more expensive to invest in residential property. In addition to that, prices for owner occupied houses have increased by over ** percent since 2015, house price growth had also overtaken that of rentals the same year, making renting the cheaper living option, especially for younger people. The summary of the housing situation sounds familiar worldwide: fierce competition in urban areas when searching for rentals, with demand far outstripping supply, as well as rising property prices for those considering a house purchase. Somewhere to live The decision to rent rather than buy may occur for various reasons. Tenants may simply not be ready financially to buy a home, be that a house or apartment, or they would not be considered by a bank for a loan based on their current earnings. They may be pressed for time and hope to find a place to rent quicker, while buying a home is a long-term commitment, leading to different types of costs and legalities. A ***************** of people lived in shared apartments in recent years, but figures had not changed so much as to rule this type of housing out as a popular option. Shared or not, the average rent prices of residential property in Germany have been going up year after year, both for new buildings and older ones.