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House price index Germany: apartments (Aug 2005=100)

Germany

House prices in Germany.

Sources of German house price data include the European Central Bank (whose quarterly data we use) and BulwienGeza (which publishes yearly prices of owner-occupied apartments based on a survey covering 125 German cities) and Hypoport.

House prices in Germany, % change 1 yr

Nominal and inflation-adjusted ('real')

Germany

Source: Europace


Quarterly change in house prices, inflation-adjusted

 Q1Q2Q3Q4
20201.78%1.2%
20191.71%0.46%1.13%1.83%
20181.42%1.16%2.3%1.14%
20170.41%1.53%1.86%0.93%
20162.14%1.75%1.06%0.32%
20151.82%0.07%1.27%0.79%
20140.57%1.18%1.08%0.99%
20130.46%0.79%0.27%-0.52%
20120.13%0.89%-0.17%0.41%
2011-0.34%-0.22%0.78%-0.27%
2010-1.14%0.71%0.6%0.07%
2009-0.23%-1.5%-0.21%0.34%
20081.42%0.16%-1.1%1.27%
2007-1.36%-0.9%0.1%-0.65%
2006-1.18%1.03%0.5%-1.08%
20053.27%-1.83%0.66%-1.08%
2004-0.8%0.09%-0.62%0.54%
2003-0.54%-0.56%0.51%

This table shows the change in house prices during a single quarter, adjusted for inflation.

Adjusting house price rises (or declines) for inflation produces a more accurate picture of the change in value of housing than the usual nominal figures cited in the newspapers.