April 14, 2022

Housing Price Index Q1/2022: Indices rise again

We have written this sentence in this or similar form many times in recent quarters: The indices for the rental, owner-occupied flat and one- and two-family house sub-segments continued to rise in Q1/2022. The relative increase in advertised rents, at 1.2% compared to the last quarter, continued to lag well behind the development of purchase prices. Prices for owner-occupied flats rose by 2.4% compared to Q4, prices for one- and two-family houses even by 3.1% compared to the last quarter.

Rental and purchase price levels for rental, owner-occupied flat and one- and two-family house sub-segments in Q1/2022 for all districts

The purchase price rally could end with the upcoming interest rate increase. But: staff and material bottlenecks, rising inflation and a lack of housing supply in tight housing markets still seem to be driving the purchase price rally at the moment. Shortages also continue to drive up rents. New construction would help here, of which there is theoretically already enough, but often in the wrong place, as the empirica housing market forecast shows. To enable you to compare price trends, demographic factors and forecasts, you will find all the relevant data on this in the empirica Regional Database.

housing market property rents housing price index regional data 2022
Housing Price Index Q3/2022: Rents rise, prices fall

Housing Price Index Q3/2022: Rents rise, prices fall

In the observation of advertised purchase prices, Q3/2022 saw a break in the trend that had already become apparent in Q2. On a nationwide average across all properties, the indices of owner-occupied flats and one- and two-family houses recorded a decline for the first time since 2013.
Housing Price Index Q2/2022: Rents outpace purchase prices

Housing Price Index Q2/2022: Rents outpace purchase prices

With growth of 1.1 % compared to the previous quarter, purchase prices for owner-occupied flats rose less strongly than rents (+2.0 %) for the first time in a long time. Purchase prices for one- and two-family houses rose by 2.5 % compared to the last quarter.
Housing Price Index Q4/2022: Rents rise, prices fall

Housing Price Index Q4/2022: Rents rise, prices fall

With Q3/2022, the indices for owner-occupied flats as well as one- and two-family houses declined on average nationwide for the first time since 2013. In Q4/2022, this new trend continues, with observed purchase prices now falling both in new construction and across all construction years, and in many regions in Germany.