Germany house price index, new housing
Germany house price index, new housing stood at 101.2 in Q2 2026, 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 Q2 2026. The complete series with an interactive chart, free to download.
This indicator in the Property market (quarterly) table
| Indicator | Q2-2026 | Q1-2026 | Q4-2025 | Q3-2025 | Q2-2025 | Q1-2025 | Q4-2024 | Q3-2024 | Q2-2024 | Q1-2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Total | 100.6 | 100.3 | 100.2 | 100.7 | 100 | 99.1 | 97.7 | 97.6 | 96.8 | 95.5 | |
| New housing | 101.2 | 101.3 | 100.7 | 99.8 | 99.7 | 99.8 | 98 | 98.3 | 96.8 | 95.4 | |
| Existing housing | 100.5 | 100.1 | 100.1 | 100.9 | 100 | 99 | 97.7 | 97.4 | 96.9 | 95.5 |
Understanding germany house price index, new housing
Price developments for freshly finished residential properties are isolated in this specific Destatis component, capturing the cost of acquiring a home directly from a developer or builder. The series strictly monitors first-time sales of single-family houses and apartments, deliberately excluding the massive secondary market of pre-owned stock. This exact focus makes the index highly sensitive to the upstream costs of the construction industry, including material shortages, labor wage agreements, and evolving regulatory mandates for energy efficiency.
Interpreting this metric demands an understanding of the lag between when a new build is contracted and when the final purchase price is recorded in the registry. Consequently, the index may reflect economic conditions from several quarters prior, when the initial off-plan agreements were signed. Comparing these figures against the existing housing index illuminates the expanding or contracting premium buyers must pay for modern amenities and compliance with the latest building codes. Users should prioritize year-on-year analysis, as the completion and handover of large-scale residential projects often occur in uneven batches that can distort immediate sequential comparisons.
Frequently asked questions
- Does this index track the construction costs incurred by the builder?
- No, it measures the final transaction price paid by the end buyer, which includes the developer's profit margin alongside the underlying construction and land costs.
- Are self-built homes included in these transaction figures?
- The index primarily relies on arm's-length market transactions, so homes built on directly owned land for personal use are generally handled differently than standard developer sales.
- Why might new housing prices diverge significantly from existing home prices?
- New builds must adhere to the latest, often stricter, environmental and structural regulations, which embeds higher baseline costs into the final transaction price regardless of broader market demand.