Press release No. 297 of 25 June 2021
Prices of residential property, 1st quarter of 2021 (provisional)
+9.4% on the same quarter of the previous year
+1.5% on the previous quarter
WIESBADEN – The prices of residential property (house price index) in Germany in the first quarter of 2021 rose an average 9.4% on the first quarter of 2020. The Federal Statistical Office (Destatis) also reports that this price development was observed both in towns and in rural regions. Increases were particularly marked for prices of dwellings in cities with 100,000 or more inhabitants (+11.3%) and in the seven largest metropolises (Berlin, Hamburg, Munich, Cologne, Frankfurt, Stuttgart and Düsseldorf) (+11.1%) and for prices of single-family and two-family houses in thinly populated rural districts (+11.3%).
Methodological note:
It can be assumed that the quarter-on-quarter change rates in the first quarters of any year are at present slightly underestimated (especially outside the metropolises). For relevant information please refer to the methodological notes on our theme page.
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.
