When you access our website, the browser used on your terminal device automatically sends information to the server of our website. This information is temporarily stored in a so-called log file. We only use cookies that are necessary to maintain this website. We do not currently use any analysis tools. When you access our website, the browser used on your terminal device automatically sends information to the server of our website. This information is temporarily stored in a so-called log file. We only use cookies that are necessary to maintain this website. We do not currently use any analysis tools. Learn more!

January 17, 2024

Housing market data Q4/2023: Slow stabilisation of purchase prices

The data from the empirica real estate price index for Q4/2024 is here. One of the results: The trend of rising rental prices continues. For new apartments, the rental prices have increased by 1.3% in the independent cities compared to the third quarter of 2023, and by 1.4% in the districts. The indices for rental apartments of all years of construction recorded an increase of 1.3%.

empirica Immobilienpreisindex Q1 2004 bis Q4 2023 im Vergleich: Miete, ETW, EZFH zum Kauf (jeweils Neubau und alle Baujahre)

However, the indices of condominiums and one- or two-family houses have continued to fall on average over all years of construction. However, the decline has slowed significantly compared to the beginning of 2023. The indices for one- and two-family houses fell by 1.4%, the indices for condominiums fell by 1.1%. Only the indices of newly built condominiums stabilized compared to the previous quarter with a slight increase of 0.5%.

You can find further results in the current analysis of the empirica real estate price index  (in German).

housing market property rents housing price index regional data 2023
Housing market data Q3/2023: How long do prices typically fall?

Housing market data Q3/2023: How long do prices typically fall?

The empirica housing price index continues to show a trend of declining purchase prices for condominiums and single- or two-family houses, while the indices for rental apartments continue to rise. For newly built condominiums, the indices stabilize with an increase of 0.2% compared to the previous quarter. In contrast, the indices for newly built detached and semi-detached houses continue to decline (-0.9%). The increase in newly built rental apartments amounts to 1.2% this quarter.
Housing market data Q2/2023: The decline in purchase prices continues

Housing market data Q2/2023: The decline in purchase prices continues

The last few quarters have shown a noteworthy development on the real estate market. The indices for owner-occupied flats and detached or semi-detached houses have already fallen for the fourth quarter in a row, while rented flats recorded an increase of 1.1% compared to the previous quarter.
Housing bubble index Q3/2023: Fewer and fewer regions at risk

Housing bubble index Q3/2023: Fewer and fewer regions at risk

The empirica housing bubble index indicates that the risk of a housing market bubble in Germany is decreasing. In recent quarters, there has been a change: there are fewer and fewer vulnerable districts. The danger is still there, but its extent is getting smaller. The number of endangered regions has been falling for three quarters in a row.