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
| Q1 | Q2 | Q3 | Q4 | |
| 2020 | 1.78% | 1.20% | ||
| 2019 | 1.71% | 0.46% | 1.13% | 1.83% |
| 2018 | 1.42% | 1.16% | 2.30% | 1.14% |
| 2017 | 0.41% | 1.53% | 1.86% | 0.93% |
| 2016 | 2.14% | 1.75% | 1.06% | 0.32% |
| 2015 | 1.82% | 0.07% | 1.27% | 0.79% |
| 2014 | 0.57% | 1.18% | 1.08% | 0.99% |
| 2013 | 0.46% | 0.79% | 0.27% | -0.52% |
| 2012 | 0.13% | 0.89% | -0.17% | 0.41% |
| 2011 | -0.34% | -0.22% | 0.78% | -0.27% |
| 2010 | -1.14% | 0.71% | 0.60% | 0.07% |
| 2009 | -0.23% | -1.50% | -0.21% | 0.34% |
| 2008 | 1.42% | 0.16% | -1.10% | 1.27% |
| 2007 | -1.36% | -0.90% | 0.10% | -0.65% |
| 2006 | -1.18% | 1.03% | 0.50% | -1.08% |
| 2005 | 3.27% | -1.83% | 0.66% | -1.08% |
| 2004 | -0.80% | 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.
Yearly change in house prices, nominal and inflation-adjusted
| Year | Inflation Adjusted | Nominal Change |
| 2019 | 5.22% | 6.53% |
| 2018 | 6.16% | 7.72% |
| 2017 | 4.81% | 6.55% |
| 2016 | 5.37% | 6.56% |
| 2015 | 4.00% | 4.31% |
| 2014 | 3.86% | 4.39% |
| 2013 | 1.00% | 2.34% |
| 2012 | 1.27% | 3.30% |
| 2011 | -0.05% | 2.17% |
| 2010 | 0.23% | 1.62% |
| 2009 | -1.59% | -1.20% |
| 2008 | 1.75% | 3.40% |
| 2007 | -2.79% | 0.21% |
| 2006 | -0.76% | 0.52% |
| 2005 | 0.96% | 2.65% |
| 2004 | -0.80% | 1.18% |
This table shows how house prices have changed over each year. It compares the latest quarter or month of a given year with the same period the year before, so you can quickly see whether prices went up or down over that year.
