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House Prices in Germany: new and existing dwellings (2015=100)

Germany

Source: German Federal Statistical Office (destatis.de)

House prices in Germany, % change 1 yr

Nominal and inflation-adjusted ('real')

Germany

Source: Europace (europace.de)


Quarterly change in house prices, inflation-adjusted

 Q1Q2Q3Q4
2023-3.72%-1.75%
20220.48%-0.19%-1.15%-3.35%
20210.49%1.97%3.04%1.76%
20201.87%1.6%2.7%2.66%
20191.94%0.47%1.14%1.98%
20182.02%0.74%2.32%0.88%
20170.97%0.84%1.95%1.42%
20162.26%1.69%1.41%-0.23%
20151.92%-0.02%1.29%0.53%
20140.41%1.39%1.46%0.9%
20130.57%0.62%0.45%-0.81%
20120.23%0.79%-0.44%0.02%
2011-0.54%-0.62%1%-0.26%
2010-0.95%1.23%0.71%-0.33%
2009-0.62%-2.08%-0.2%0.02%
20082.05%0.56%-0.5%1.07%
2007-1.35%-0.89%0%-0.86%
2006-1.07%1.23%0.41%-1%
20053.18%-2.35%1.5%-1.58%
2004-0.71%0.19%-0.92%0.85%
2003-0.42%-1.09%0.62%

This table shows the change in house prices during a single quarter, adjusted for inflation.

Adjusting house price rises (or declines) for inflation produces a more accurate picture of the change in value of housing than the usual nominal figures cited in the newspapers.