Press release No. 374 of 24 September 2019
Second quarter of 2019 (provisional): prices of residential property
+5.2% on the same quarter of the previous year
+2% on the previous quarter
WIESBADEN – The prices of residential property (house price index) in Germany in the 2nd quarter of 2019 were an average 5.2% higher than in the 2nd quarter of 2018. The Federal Statistical Office (Destatis) also reports that prices rose on the same quarter a year earlier both in large cities and urban districts and in rural regions. The price increases were particularly large for single-family and two-family houses (+10%) and freehold/owner-occupied dwellings (+8.6%) in the seven largest metropolises (Berlin, Hamburg, Munich, Cologne, Frankfurt/Main, Stuttgart and Düsseldorf). In the other large cities not attached to an administrative district with 100,000 or more inhabitants, the prices of freehold/owner-occupied dwellings rose by 7%, those of houses by 7.1%. A price increase was also observed for sparsely populated rural districts. Prices of freehold/owner-occupied dwellings and of houses in such districts were up an average 4.2% each.
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.
