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 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.

The house price index in Germany increased steadily from 2015 to 2022, followed by a decline until the first quarter of 2024. The index amounted to 100 in 2015 and, at its peak in the second quarter of 2022, exceeded 167 index points, meaning that house prices had risen by 67 percent during that period. Among the leading residential real estate markets in Germany, Munich had the highest square meter price for apartments.

Residential Property Prices in Germany increased 3.18 percent in June of 2025 over the same month in the previous year. This dataset includes a chart with historical data for Germany Residential Property Prices.

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.

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 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.

The Germany Residential Real Estate Market is Segmented by Property Type (Apartments & Condominiums and Villas & Landed Houses), Price Band (Affordable, Mid-Market and Luxury), Business Model (Sales and Rental), Mode of Sale (Primary and Secondary), and Key Cities (Berlin, Hamburg, Munich, Cologne, Frankfurt, Dusseldorf, Leipzig and Rest of Germany). The Market Forecasts are Provided in Terms of Value (USD).

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.

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.

Discover the booming German residential real estate market! Our analysis reveals a €372.77 million market in 2025, growing at a CAGR exceeding 3.06% until 2033. Learn about key drivers, trends, and challenges impacting Berlin, Hamburg, Munich, Cologne, and beyond. Explore insights from leading companies like Vonovia and Deutsche Wohnen. Key drivers for this market are: Strong Demand and Rising Construction Activities to Drive the Market, Rising House Prices in Germany Affecting Demand in the Market. Potential restraints include: Weak economic environment. Notable trends are: Strong Demand And Rising Construction Activities To Drive The Market.

Dataset

This dataset was created by phanindra parashar

Released under Apache 2.0

Contents

View quarterly updates and historical trends for Germany House Price Index. Source: Eurostat. Track economic data with YCharts analytics.

Germany - House price index was 3.20% in June of 2025, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for Germany - House price index - last updated from the EUROSTAT on December of 2025. Historically, Germany - House price index reached a record high of 12.80% in September of 2021 and a record low of -10.20% in September of 2023.

Key information about Germany Gold Production

• Germany Real Residential Property Price Index was reported at 129.353 2010=100 in Jun 2025.
• This records an increase from the previous number of 129.038 2010=100 for Mar 2025.
• Germany Real Residential Property Price Index data is updated quarterly, averaging 121.310 2010=100 from Mar 1970 to Jun 2025, with 222 observations.
• The data reached an all-time high of 160.595 2010=100 in Dec 2021 and a record low of 99.134 2010=100 in Mar 2010.
• Germany Real Residential Property Price Index data remains active status in CEIC and is reported by Bank for International Settlements.
• The data is categorized under World Trend Plus’s Association: Property Sector – Table RK.BIS.RPPI: Selected Real Residential Property Price Index: 2010=100: Quarterly. [COVID-19-IMPACT]

Prices in Berlin, Germany, increased for both newly built and existing houses in 2023. In the fourth quarter of 2023, newly built houses sold for **** percent higher than in the same period in 2022. Conversely, prices for existing apartments declined by *** percent. In Germany's top five markets, newly built houses experienced the highest price growth.

Germany - Housing cost overburden rate: Cities was 13.10% in December of 2024, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for Germany - Housing cost overburden rate: Cities - last updated from the EUROSTAT on December of 2025. Historically, Germany - Housing cost overburden rate: Cities reached a record high of 19.80% in December of 2012 and a record low of 11.40% in December of 2020.

Key information about Germany Real Residential Property Price Index Growth

• Germany Real Residential Property Price Index Growth was reported at 1.085 % in Jun 2025.
• This records a decrease from the previous number of 1.227 % for Mar 2025.
• Germany Real Residential Property Price Index Growth data is updated quarterly, averaging -2.789 % from Mar 1971 to Jun 2025, with 218 observations.
• The data reached an all-time high of 9.077 % in Jun 2021 and a record low of -14.999 % in Jun 2023.
• Germany Real Residential Property Price Index Growth data remains active status in CEIC and is reported by Bank for International Settlements.
• The data is categorized under World Trend Plus’s Association: Property Sector – Table RK.BIS.RPPI: Selected Real Residential Property Price Index: 2010=100: Quarterly: YoY %.

Graph and download economic data for Harmonized Index of Consumer Prices: Actual Rentals for Housing for Germany (CP0410DEM086NEST) from Jan 1996 to Oct 2025 about rent, Germany, harmonized, CPI, housing, price index, indexes, and price.