Press release No. 509 of 30 December 2019
3rd quarter of 2019 (provisional): prices of residential property
+4.9% on the same quarter of the previous year
+1.6% on the previous quarter
WIESBADEN – The prices of residential property (house price index) in Germany in the 3rd quarter of 2019 were an average 4.9% higher than in the 3rd quarter of 2018. The Federal Statistical Office (Destatis) also reports that higher prices were recorded in particular for freehold/owner-occupied dwellings (+9%) and single-family and two-family houses (+7.5%) in the seven largest metropolises (Berlin, Hamburg, Munich, Cologne, Frankfurt/Main, Stuttgart and Düsseldorf). In the other large cities not attached to an administrative district with 100,000 or more inhabitants, the prices of houses rose by 7.8%, those of freehold/owner-occupied dwellings by 5.8%. In urban districts outside of large cities not attached to an administrative district, price increases of 5.1% were observed for single-family and two-family houses and of 4.5% for freehold/owner-occupied dwellings.
Basic data and long time series are available in tables of residential property prices indices (61262-0001 to 61262-0004) in the GENESIS-Online database.
