January 17, 2024

Housing Price Index Q4/2023: Purchase prices stabilise

The data from the empirica housing 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 urban districts 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 owner-occupied flats and one- and 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 owner-occupied flats fell by 1.1%. Only the indices of newly built owner-occupied flats 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 housing price index  (in German).

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

Housing Price Index Q3/2023: How long do prices fall?

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

Housing Price Index Q2/2023: Purchase prices keep falling

The last few quarters have shown a noteworthy development on the property market. The indices for owner-occupied flats and one- and two-family 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 Price Index Q2/2024: Prices stable, rents rise

Housing Price Index Q2/2024: Prices stable, rents 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 owner-occupied flats (ETW) more than for single-family homes and in urban regions more than in federal states.