Residential real estate in Germany: price increases are slowing down

The prices for houses and apartments in Germany have risen again, but less sharply than before. Residential real estate rose in price from April to June by an average of 0.6 percent compared to the same period last year, as the Federal Statistical Office announced. It is the lowest price increase since the summer of 2024. In the previous quarter, prices rose twice as much, at 1.2 percent.

In the seven largest cities - Berlin, Hamburg, Munich, Cologne, Frankfurt am Main, Stuttgart and Düsseldorf - prices for condominiums fell slightly in the period April to June both compared to the same quarter of the previous year (minus 0.4 percent) and the previous quarter (minus 0.5 percent). However, the price level in these metropolitan areas is comparatively high.

In independent large cities outside the top 7 metropolises, however, apartments rose in price by 2.0 percent compared to the same quarter of the previous year and by 0.5 percent compared to the previous quarter.

In densely populated rural areas, buyers of condominiums had to pay less on average: prices fell both within the year (minus 1.8 percent) and compared to the first three months of the current year (minus 1.3 percent).