House prices in Germany rose by about 12 percent in 2021 but price growth is forecast to slow down until 2024. According to a report by the Deutsche Bundesbank, the German housing market is set to experience a 1.2 percent increase in the average house price in 2023 and 3.2 percent increase in 2024. According to the source, despite higher construction costs, financing costs, and overall economic uncertainty, the high housing demand alongside insufficient supply are likely to continue to drive prices up. Residential real estate prices in the largest cities have grown substantially since 2012. In Munich - Germany's most expensive residential market - the square meter price reached almost 11,000 euros per square meter in 2022.
Percentage change on previous year of residential property prices in Germany in 2021 with a forecast until 2024
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Deutsche Bundesbank. (December 16, 2022). Percentage change on previous year of residential property prices in Germany in 2021 with a forecast until 2024 [Graph]. In Statista. Retrieved December 12, 2024, from https://www.statista.com/statistics/1173620/residential-real-estate-price-forecast-change-in-germany/
Deutsche Bundesbank. "Percentage change on previous year of residential property prices in Germany in 2021 with a forecast until 2024." Chart. December 16, 2022. Statista. Accessed December 12, 2024. https://www.statista.com/statistics/1173620/residential-real-estate-price-forecast-change-in-germany/
Deutsche Bundesbank. (2022). Percentage change on previous year of residential property prices in Germany in 2021 with a forecast until 2024. Statista. Statista Inc.. Accessed: December 12, 2024. https://www.statista.com/statistics/1173620/residential-real-estate-price-forecast-change-in-germany/
Deutsche Bundesbank. "Percentage Change on Previous Year of Residential Property Prices in Germany in 2021 with a Forecast until 2024." Statista, Statista Inc., 16 Dec 2022, https://www.statista.com/statistics/1173620/residential-real-estate-price-forecast-change-in-germany/
Deutsche Bundesbank, Percentage change on previous year of residential property prices in Germany in 2021 with a forecast until 2024 Statista, https://www.statista.com/statistics/1173620/residential-real-estate-price-forecast-change-in-germany/ (last visited December 12, 2024)
Percentage change on previous year of residential property prices in Germany in 2021 with a forecast until 2024 [Graph], Deutsche Bundesbank, December 16, 2022. [Online]. Available: https://www.statista.com/statistics/1173620/residential-real-estate-price-forecast-change-in-germany/