January 17, 2024

Housing market data Q4/2023: Slow stabilisation of purchase prices

The data from the empirica real estate price index for Q4/2024 is here. One of the results: The trend of rising rental prices continues. For new apartments, the rental prices have increased by 1.3% in the independent cities compared to the third quarter of 2023, and by 1.4% in the districts. The indices for rental apartments of all years of construction recorded an increase of 1.3%.

empirica Immobilienpreisindex Q1 2004 bis Q4 2023 im Vergleich: Miete, ETW, EZFH zum Kauf (jeweils Neubau und alle Baujahre)

However, the indices of condominiums and one- or two-family houses have continued to fall on average over all years of construction. However, the decline has slowed significantly compared to the beginning of 2023. The indices for one- and two-family houses fell by 1.4%, the indices for condominiums fell by 1.1%. Only the indices of newly built condominiums stabilized compared to the previous quarter with a slight increase of 0.5%.

You can find further results in the current analysis of the empirica real estate price index  (in German).

housing market property rents housing price index regional data 2023
Housing market data Q3/2023: How long do prices typically fall?

Housing market data Q3/2023: How long do prices typically fall?

The empirica housing price index continues to show a trend of declining purchase prices for condominiums and single- or two-family houses, while the indices for rental apartments continue to rise. For newly built condominiums, the indices stabilize with an increase of 0.2% compared to the previous quarter. In contrast, the indices for newly built detached and semi-detached houses continue to decline (-0.9%). The increase in newly built rental apartments amounts to 1.2% this quarter.
Housing market data Q2/2023: The decline in purchase prices continues

Housing market data Q2/2023: The decline in purchase prices continues

The last few quarters have shown a noteworthy development on the real estate market. The indices for owner-occupied flats and detached or semi-detached houses have already fallen for the fourth quarter in a row, while rented flats recorded an increase of 1.1% compared to the previous quarter.
Housing market data Q2/2024: Purchase prices stable and rents continue to rise

Housing market data Q2/2024: Purchase prices stable and rents continue to rise

Purchase prices generally appear to have bottomed out and are falling more slowly than before or are already rising slightly. However, there are no uniform trends, as there are still major differences depending on the segment or region. In general, purchase prices for new builds tend to rise more than for existing properties, for condominiums (ETW) more than for single-family homes and in urban regions more than in federal states.