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.

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 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.

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.

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.

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

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.

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.

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 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]

View quarterly updates and historical trends for Germany House Price Index. Source: Federal Reserve Bank of Dallas. Track economic data with YCharts analy…

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.

Key information about Germany Nominal Residential Property Price Index

• Germany Nominal Residential Property Price Index was reported at 178.700 2010=100 in Jun 2025.
• This records an increase from the previous number of 176.800 2010=100 for Mar 2025.
• Germany Nominal Residential Property Price Index data is updated quarterly, averaging 101.526 2010=100 from Mar 1970 to Jun 2025, with 222 observations.
• The data reached an all-time high of 196.100 2010=100 in Jun 2022 and a record low of 37.619 2010=100 in Mar 1970.
• Germany Nominal 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 Nominal Residential Property Price Index: 2010=100: Quarterly.

The EMF house price index in Germany increased steadily from 2017 to 2022, followed by a decline 2023 onwards. In the second quarter of 2024, the house price index reached a value of ***** index points, indicating that home prices had risen by almost ** percent since 2015 - the base year. In contrast to many other European countries, Germany has experienced strong price growth.

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