Europe · EUR · EU · OECD
Germany Housing Market Data
House prices in Germany rose 1.4% in the year to Q1 2026, based on BIS data. After inflation, prices lost 0.8% over the same period. Rents changed +2.1% year on year. Over five years the nominal index is +4.9%.
Germany
Germany house price index report
- Author
- Global Property Search Research DeskMarket data team
- Last update
- Jan 2026
- Next update
- Jan 2027
- Reviewed against
- MSCI Real Capital Analytics — Transactions Report, CBS / Kadaster — Bestaande koopwoningen prijsindex, BIS Selected Residential Property Prices +7 more
Independently researched and fact-checked against official sources. See our methodology and data sources.
Prices, year on year
+1.4%
Nominal, to Q1 2026
Prices after inflation
-0.8%
Real terms, year on year
Five-year change
+4.9%
Nominal index
Rents, year on year
+2.1%
Rent price index
Quarter on quarter
+0.3%
Most recent quarter
Ten-year change
+47.8%
Nominal index
Price-to-income
103.0
OECD index, 2015 = 100
Price-to-rent
128.1
OECD index, 2015 = 100
Germany house price history and latest market news
The nominal house price index for Germany runs from Q1 2000 to Q1 2026. Over that period the index moved from 86.3 to 153.4 (2015 = 100), a change of +77.8%.
The highest reading in the series is 167.3 in Q2 2022, which puts the most recent quarter -8.3% against that peak. The lowest reading is 81.7 in Q1 2006.
Latest update: the most recent published quarter is Q1 2026, sourced from BIS Selected Residential Property Prices, Eurostat housing statistics, OECD Analytical House Price Indicators. New readings are added to this page as each statistical agency publishes, so the history above always reflects the latest official release rather than an estimate.
House price index since 2000
Indices rebased so the 2015 average equals 100. Source: BIS.
Construction costs and building permits
Supply-side indicators for Germany: the cost of building new residential buildings and the number of dwellings approved by building permits. Both rebased so the 2015 average equals 100. Source: Eurostat.
Recent quarters in Germany
| Quarter | Nominal index | Real index | Rent index |
|---|---|---|---|
| Q3 2026 | — | — | 120.2 |
| Q2 2026 | — | — | 119.6 |
| Q1 2026 | 153.4 | 117.5 | 119.0 |
| Q4 2025 | 153.0 | 117.7 | 118.4 |
| Q3 2025 | 153.7 | 118.8 | 118.3 |
| Q2 2025 | 152.7 | 118.5 | 117.7 |
| Q1 2025 | 151.3 | 118.4 | 116.5 |
| Q4 2024 | 149.2 | 117.3 | 115.9 |
| Q3 2024 | 149.0 | 117.6 | 115.8 |
| Q2 2024 | 147.8 | 117.1 | 115.3 |
| Q1 2024 | 145.8 | 116.7 | 114.6 |
| Q4 2023 | 146.4 | 117.8 | 113.9 |
Germany housing market questions
- Are house prices rising or falling in Germany?
- Nominal house prices in Germany changed +1.4% in the year to Q1 2026. In real terms, after consumer price inflation, the change was -0.8%.
- How much have house prices risen in Germany over five years?
- The nominal house price index for Germany is +4.9% compared with five years earlier, and +47.8% compared with ten years earlier.
- Where does this Germany housing data come from?
- Figures come from BIS Selected Residential Property Prices, Eurostat housing statistics, OECD Analytical House Price Indicators. Every index is rebased so 2015 = 100, which makes countries and sources directly comparable.
Sources and licensing
- Sources: National sources, BIS Residential Property Price database, https://www.bis.org/statistics/pp.htm Source page
- Source: Eurostat (prc_hpi_q, prc_hicp_midx, ilc_lvho07a) Source page
- Source: OECD Analytical House Price Indicators Source page
Read how we normalise and compare these series in our methodology, or browse all countries.
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