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House price index Germany: apartments (Aug 2005=100)
August, 29, 2020
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 | 1.2 | ||
| 2019 | 1.71 | 0.46 | 1.13 | 1.83 |
| 2018 | 1.42 | 1.16 | 2.3 | 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 | 0.6 | 0.07 |
| 2009 | -0.23 | -1.5 | -0.21 | 0.34 |
| 2008 | 1.42 | 0.16 | -1.1 | 1.27 |
| 2007 | -1.36 | -0.9 | 0.1 | -0.65 |
| 2006 | -1.18 | 1.03 | 0.5 | -1.08 |
| 2005 | 3.27 | -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.