New terraced house prices, 7 German cities (stock)
New terraced house prices, 7 German cities (stock) stood at 102.9 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, 7 large cities - Bundesbank calculation | 93.9 | 93.7 | 94.7 | 100 | 93.4 | 85.5 | 79.2 | 74.1 | 67.9 | 64.2 | |
| Terraced housing (all); housing-stock-based property and regional weighting, 7 large cities - Bundesbank calculation | 95.8 | 95.3 | 95.3 | 100 | 93.8 | 86.6 | 79.7 | 74.4 | 67.5 | 63.3 | |
| New terraced housing; housing-stock-based property and regional weighting, 7 large cities - Bundesbank calculation | 102.9 | 100.9 | 100.2 | 100 | 92.7 | 85.1 | 77.7 | 72.5 | 64.9 | 59.2 |
Understanding new terraced house prices, 7 German cities (stock)
Isolating the initial sale of dense, ground-bound residential projects, this precise Bundesbank metric tracks first-time occupancy terraced housing across the seven largest metropolises. The classification strictly excludes the turnover of older row houses, standalone detached builds, and multi-story apartment complexes. Geared specifically toward newly finished attached dwellings, the calculation uses a housing-stock-based property weighting to map developer activity in the limited spatial environment of major cities. This focus highlights the exact capital threshold required to introduce new family-oriented, shared-wall architecture into heavily regulated urban markets.
Reading this highly specialized Index 2022=100 measure requires factoring in severe supply constraints. The scarcity of available municipal land suitable for horizontal subdivision means that constructing new terraced blocks in premier cities is relatively rare compared to vertical apartment developments. Consequently, the underlying transaction sample size can be limited, leading to pronounced annual volatility if a cluster of luxury row houses completes in a given period. Analysts assessing period-on-period shifts must recognize that this series reflects sporadic, concentrated development pulses rather than a fluid, highly liquid continuous market.
Frequently asked questions
- Are conversions of historical industrial spaces into new row houses included?
- If the completed project is officially registered and sold as a newly developed, first-occupancy terraced dwelling, it enters the calculation.
- Does the metric track the construction costs or the final sale prices?
- The series exclusively monitors the finalized market transaction prices paid by the initial buyers, which absorb the underlying construction and land expenses.
- Why might this specific metric appear more volatile than broader housing aggregates?
- The strict limitation to newly built terraced homes in dense cities results in a thinner transaction pool, making the aggregate more sensitive to individual high-value development completions.