New terraced house prices, 127 German cities (stock)
New terraced house prices, 127 German cities (stock) stood at 102.2 in 2025, according to Deutsche Bundesbank. It is one of the indicators in the Property market (annual) table (Value · Annual), with a complete series running from 2004 to 2025. The complete series with an interactive chart, free to download.
This indicator in the Property market (annual) table
| Indicator | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Houses (all); housing-stock-based property and regional weighting, 127 cities | 95.6 | 94.9 | 95.8 | 100 | 94 | 87.1 | 81.6 | 76.8 | 71.4 | 67.3 | |
| Terraced housing (all); housing-stock-based property and regional weighting, 127 cities | 96.5 | 95.5 | 96 | 100 | 94.1 | 87.3 | 81.6 | 76.7 | 70.9 | 66.6 | |
| New terraced housing; housing-stock-based property and regional weighting, 127 cities | 102.2 | 100 | 99.3 | 100 | 93.7 | 87.1 | 81.3 | 76.6 | 70.6 | 65.7 |
Understanding new terraced house prices, 127 German cities (stock)
Freshly completed attached dwellings across an expanded municipal footprint provide the underlying data for this specific construction-focused measure. The series narrows its scope to first-time occupancy of terraced housing, completely omitting the resale of older homes, standalone detached houses, and newly built flats. Aggregation is handled through a housing-stock-based weighting framework. By pegging the index to the overall proportion of terraced housing within the urban inventory, the metric functions as a gauge of replacement or expansion costs for this specific architectural style, offering a distinct contrast to broader series that blend new and existing assets.
Reading the index correctly involves recognizing the inherent premium attached to new construction, which often reflects updated building standards and immediate move-in readiness. Because the data is published annually, month-to-month volatility caused by irregular project completion schedules is smoothed out, leaving a clean year-on-year perspective. The series is susceptible to base-year revisions when the central bank updates its reference points for the national housing census. Users must also be careful not to conflate this indicator with transaction-weighted equivalents, which might overrepresent areas experiencing sudden bursts of new suburban development.
Frequently asked questions
- Why does the index separate new properties from existing ones?
- Newly built properties often carry a price premium due to modern energy standards and lack of immediate renovation needs, creating distinct market dynamics from older stock.
- Does this include duplexes or semi-detached homes?
- Terraced housing generally covers row structures sharing side walls, while other classifications handle entirely standalone single-family homes.
- How should I interpret a change in the base year?
- A base year update simply resets the reference period to an index value of 100, recalibrating historical data without altering the underlying growth narrative.