Press Prices of residential property in the 1^st quarter of 2022: +12.0% year on year

Press release No. 265 of 24 June 2022

Prices of residential property, 1^st quarter of 2022 (provisional)
+12.0% on the same quarter of the previous year
+0.8% on the previous quarter

WIESBADEN – The prices of residential property (house price index) in Germany rose an average 12.0% in the first quarter of 2022 on the same quarter a year earlier. The rate of increase of the house price index exceeded 10% for the fourth time in a row, compared with the same quarter of the previous year. 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 0.8% compared with the previous quarter. This suggests that the upward trend is slowing slightly. The prices of residential property had risen by 4.1% in the third quarter of 2021 and by 3.1% in the fourth quarter, quarter on quarter.

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.