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Germany house price index, 2015=100

Germany house price index, 2015=100 stood at 153.7 in Q4 2025, according to Deutsche Bundesbank. It is one of the indicators in the Property market (quarterly) table (Value · Quarterly), with a complete series running from Q1 2000 to Q4 2025. The complete series with an interactive chart, free to download.

Source: Deutsche BundesbankLast updated: Curated by Bui Thanh Phuc
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This indicator in the Property market (quarterly) table

IndicatorQ4-2025Q3-2025Q2-2025Q1-2025Q4-2024Q3-2024Q2-2024Q1-2024Q4-2023Q3-2023
Total (Index 2015=100)2153.7153.6152.4150.9149.2149147.8145.8146.4149.3
Existing housing (Index 2015=100)154154.3153151149.5149148.2146.2146.9150
New housing (Index 2015=100)151.1149.6148.8149.8147147.5145.3143.1143.7145.4

Understanding germany house price index, 2015=100

The headline gauge for national residential property valuations aggregates transaction prices across all housing types, including both single-family homes and multi-family buildings. Compiled by Statistisches Bundesamt (Destatis), this metric captures the entire residential landscape, encompassing both newly constructed developments and pre-owned structures. By indexing these nationwide purchase prices to a base period of 2015=100, the series provides an overarching view of shelter costs for buyers, standing as the parent indicator from which narrower age-of-structure or regional breakdowns are derived. It explicitly excludes commercial property sales, rental rates, and the incidental costs of acquisition such as notary fees or property transfer taxes.

Evaluating this index requires focusing on year-on-year variations to account for the seasonal rhythms of the housing market, where spring and summer often see elevated transaction volumes compared to the winter months. Because it blends various housing types and locations, shifts in the aggregate index may occasionally reflect changes in the mix of properties sold rather than uniform valuation shifts across the board. The figures are subject to regular revision as delayed transaction records from local land registries are incorporated into the dataset. Users comparing this series against household income or borrowing costs should note that the index tracks capital values, not the ongoing debt servicing burdens borne by homeowners.

Frequently asked questions

Does this index include the cost of land?
Yes, the transaction prices recorded for this metric incorporate both the structure itself and the underlying plot.
Are transaction taxes and fees reflected in the index levels?
No, the series measures the pure purchase price of the property, excluding ancillary expenses like broker commissions and transfer duties.
How does this series handle periods with low transaction volumes?
The index relies on actual finalized sales contracts, meaning sparse market activity can lead to higher volatility and subsequent data revisions once more transactions are registered.

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