Press Prices of residential property in the 3^rd quarter of 2021: +12.0% year on year

Press release No. 593 of 22 December 2021

Prices of residential property, 3^rd quarter of 2021 (provisional)
+12.0% on the same quarter of the previous year
+4.2% on the previous quarter

WIESBADEN – In the third quarter of 2021, the prices of residential property (house price index) in Germany rose by an average of 12.0% year on year. This was the largest increase in the prices recorded for residential property transactions for the second time in a row since the beginning of the time series in 2000. Prices had already risen by 10.8% in the 2^nd quarter 2021 compared with the 2^nd quarter 2020. The Federal Statistical Office (Destatis) also reports that the prices of dwellings and of single-family and two-family houses were up by an average of 4.2% compared with the previous quarter.

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 61262-0002) in the GENESIS-Online database.