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 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).

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.

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.

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.

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.

Germany Commercial Property Market Index: 127 Cities data was reported at 127.680 1990=100 in 2019. This records an increase from the previous number of 123.710 1990=100 for 2018. Germany Commercial Property Market Index: 127 Cities data is updated yearly, averaging 101.500 1990=100 from Dec 1990 (Median) to 2019, with 30 observations. The data reached an all-time high of 127.680 1990=100 in 2019 and a record low of 93.330 1990=100 in 2004. Germany Commercial Property Market Index: 127 Cities 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.

In 2023, the Germany Real Estate Market reached a value of USD 634.2 million, and it is projected to surge to USD 738.6 million by 2030.

Germany Residential Property Market Index: 127 Cities: Rent: New data was reported at 179.820 1990=100 in 2019. This records an increase from the previous number of 173.640 1990=100 for 2018. Germany Residential Property Market Index: 127 Cities: Rent: New data is updated yearly, averaging 114.800 1990=100 from Dec 1990 (Median) to 2019, with 30 observations. The data reached an all-time high of 179.820 1990=100 in 2019 and a record low of 100.000 1990=100 in 1990. Germany Residential Property Market Index: 127 Cities: Rent: New 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 Residential Property Market Index: WG: 49 Cities: Rent: Existing data was reported at 419.290 1975=100 in 2019. This records an increase from the previous number of 408.660 1975=100 for 2018. Germany Residential Property Market Index: WG: 49 Cities: Rent: Existing data is updated yearly, averaging 250.390 1975=100 from Dec 1975 (Median) to 2019, with 45 observations. The data reached an all-time high of 419.290 1975=100 in 2019 and a record low of 100.000 1975=100 in 1976. Germany Residential Property Market Index: WG: 49 Cities: Rent: Existing 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.

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.

Germany Residential Real Estate Market size was valued at USD 792 Billion in 2024 and is projected to reach USD 1224.72 Billion by 2032, growing at a CAGR of 5.6% during the forecast period from 2026-2032.

Germany Residential Real Estate Market: Definition/Overview

Residential real estate in Germany includes properties for private living such as single-family homes, multi-family units, condominiums, and apartments. These properties serve to people and families looking for permanent or temporary housing, with an emphasis on high-quality construction, energy efficiency, and sustainable design approaches that conform with Germany's severe building laws.

Residential real estate in Germany is a cornerstone of urban growth and housing solutions, providing areas for both personal occupancy and investment.

The Germany Real Estate Services Market Report is Segmented by Property Type (Residential, Commercial), by Service (Brokerage Services, Property Management Services, Valuation Services and More), by Client Type (Individuals/Households, Corporates & SMEs and More), and by City (Berlin, Munich, Frankfurt, Hamburg, Rest of Germany). The Market Forecasts are Provided in Terms of Value (USD).

The market cap of listed real estate companies in Germany declined in 2022 and remained suppressed in the next two years. In the fourth quarter of 2024, the German listed real estate market was estimated at ***** billion U.S. dollars, down from approximately *** billion U.S. dollars in the fourth quarter of 2021. In 2023, Germany had the largest commercial real estate market in Europe.

The Germany Office Real Estate Market Report is Segmented by Building Grade (Grade A, Grade B and More), by Transaction Type (Rental and Sales), by End Use (Information Technology (IT & ITES), BFSI (Banking, Financial Services and Insurance), and More) and by City (Berlin, Munich and More). The Report Offers Market Size and Forecasts in Value (USD) for all the Above Segments.

Discover the latest trends in the booming €1.95 trillion European residential real estate market. Explore growth forecasts (CAGR 4.5%), key drivers, regional breakdowns (UK, Germany, France), leading companies, and market challenges until 2033. Recent developments include: November 2023: DoorFeed, a Proptech company, raised EUR 12 million (USD 13.24 million) in seed funding, led by Motive Ventures and Stride and supported by renowned investors, including Seedcamp. Founded by veteran proptech entrepreneur and ex-Uber employee James Kirimi, DoorFeed aims to be the first choice for institutional investors seeking to invest in residential real estate. The company is looking to expand its footprint across Europe, with a focus on Spain, Germany, and the United Kingdom., October 2023: H.I.G, a global alternative investment firm with over USD 59 billion in assets under management, invested in the real estate development company, The Grounds Real Estate Development AG (“the Transaction”), which is listed on the alternative stock exchange. The proceeds of the transaction are expected to be utilized to fund the capital expenditures of the current projects of The Grounds. The Grounds, based in Berlin, specializes in the acquisition and development of German residential properties located in large metropolitan areas. In the transaction, the major shareholders of The Grounds, which currently hold 73% of the company’s shares, have agreed to grant H. I.G. the right to share in future rights issues.. Key drivers for this market are: Increasing Developments in the Residential Segment, Investments in the Senior Living Units. Potential restraints include: Limited Availability of Land Hindering the Market. Notable trends are: Student Housing to Gain Traction.

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.