Press Prices of residential property in the 2^nd quarter of 2021: +10.9% year on year

Press release No. 451 of 24 September 2021

Prices of residential property, 2^nd quarter of 2021 (provisional)
+10.9% on the same quarter of the previous year
+3.7% on the previous quarter

WIESBADEN – In the second quarter of 2021, the prices of residential property (house price index) in Germany rose an average 10.9% year on year. This was the largest price increase recorded for residential property transactions since the beginning of the time series in the year 2000. 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 3.7% 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.