German house prices are accelerating!
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After three years of strong house price rises, Germany´s housing market remains very strong. In a country where the housing market has historically been extraordinarily stable, this is a significant shift. The reasons? Strong economic growth, 1.1 million refugees, high work-related immigration, record-low unemployment, weak construction supply and low interest rates.
The German hedonic price index rose by 6.24% (4.4% inflation-adjusted) during the year to end-Q3 2017 (hedonic indices attempt to compare like-for-like exactly, so are the best measure of house price trends), based on Europace figures. Quarter-on-quarter, the index increased 0.9% (0.4% inflation-adjusted) during the latest quarter.
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