Press release No. 232 of 25 June 2020
Prices of residential property, 1st quarter of 2020 (provisional)
+6.8% on the same quarter of the previous year
+0.3% on the previous quarter
WIESBADEN – The prices of residential property (house price index) in Germany were an average of 6.8% higher in the first quarter of 2020 than in the same quarter of 2019. The Federal Statistical Office (Destatis) also reports that residential property prices continued to rise in both urban and rural areas. In the seven largest metropolises (Berlin, Hamburg, Munich, Cologne, Frankfurt, Stuttgart and Düsseldorf), the prices of single-family and two-family houses were up by 9.5% and those of freehold/owner-occupied dwellings by 7.4% compared with the first quarter of 2018. In the other large cities with 100,000 or more inhabitants, house prices rose by 8.3% and prices of freehold/owner-occupied dwellings by 9.3%. On average, residential property prices went up also in sparsely populated rural districts: house prices increased by 6.1% and prices of freehold/owner-occupied dwellings by 4.9%.
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.
