Dow Jones-Die Prices for residential properties in Germany rose by an average of 3.8 percent in the first quarter of 2025 compared to the first quarter of 2024. Compared to the previous quarter, prices increased by 1.4 percent, as the Federal Statistical Office (Destatis) announced. This increased the residential property prices for the second time in a row compared to the respective previous year, after they had previously dropped consistently since the fourth quarter of 2022.
On average 2024, the prices for residential properties were still 1.5 percent lower than an annual average 2023.
In most areas of Germany, real estate prices rose in the first quarter of 2025 compared to the previous year and compared to the previous quarter: condominiums cost 3.8 percent more in the seven largest cities in Germany (Berlin, Hamburg, Munich, Cologne, Frankfurt am Main, Stuttgart and Düsseldorf) than in the previous year (plus 2.4 percent to the previous quarter).
In cities outside of the top 7 metropolises, apartments increased by an average of 6.1 percent compared to the previous year (plus 2.9 percent for the previous quarter). Rural circles also populated in density paid for buyers of condominiums 4.1 percent more than in the previous year’s quarter (plus 0.3 percent for the previous quarter). In sparsely populated rural circles alone, the housing prices decreased by 0.8 percent compared to the first quarter of 2024 (minus 1.4 percent in the fourth quarter of 2024).
Houses and two-family houses were also more expensive in most regions: in independent major cities outside the seven largest cities, prices rose by 3.4 percent compared to the previous year (plus 1.8 percent to the previous quarter). In sparsely populated rural circles, prices increased by 2.5 percent compared to the previous year’s quarter (plus 2.2 percent to the previous quarter).
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(End) Dow Jones Newswires
July 01, 2025 02:18 ET (06:18 GMT)