Press Prices of residential property in the 3rd quarter of 2024: -0.7% on the same quarter of the previous year

Year-on-year decline continues to slow

Press release No. 489 of 20 December 2024

Prices of residential property, 3rd quarter of 2024 (provisional)
-0.7% on the same quarter of the previous year
+0.3% on the previous quarter 

WIESBADEN – In the 3rd quarter of 2024, the prices of residential property (house price index) in Germany decreased by an average of 0.7% compared with the 3rd quarter of 2023. In the 2nd quarter of 2024 the year-on-year decline was 2.5%. The prices of residential property were up 0.3% compared with the previous quarter, which was a smaller increase than in the 2nd quarter of 2024 (+1.5%).

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More information:

Time series of the house price index (dwellings and houses as a whole) at national level from 2000 onwards are available in Tables 61262-0001 to 61262-0002 in the GENESIS-Online database.

Important information regarding the GENESIS-Online database:

After leaving the beta phase, our database's new user interface has been available as the main interface version since 5 November 2024. The new interface offers faster data retrieval and intuitive table search and customisation options. There have also been changes to the structure of the machine-readable flat file (CSV) format and the data output format for table downloads. For further details and other important information on the release, please see the info page of the new GENESIS-Online database.

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