Press Prices of residential property in the 1st quarter of 2024: -5.7% year on year

Prices continue to fall, especially for single and two-family houses

Press release No. 240 of 21 June 2024

Prices of residential property, 1st quarter of 2024 (provisional)
-5.7% on the same quarter of the previous year
-1.1% on the previous quarter

WIESBADEN – The prices of residential property (house price index) in Germany continued to decrease in the 1st quarter of 2024. Compared with the 1st quarter of 2023, prices were down by an average of 5.7% in Germany. The Federal Statistical Office (Destatis) reports that this therefore represents a drop in prices compared with the respective quarter of the previous year for the sixth consecutive quarter. Compared with the 4th quarter of 2023, residential property prices were down 1.1% on average in the 1st quarter of 2024.


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