Housing Price Index Q2/2025: Prices rise further

The empirica housing price index for Q2/2025 shows differentiated developments on the German residential property market. In the case of existing properties, prices for one- and two-family houses stagnated, while owner-occupied flats recorded slight increases. Rents for existing flats rose much more sharply. In the new-build segment, prices for one- and two-family homes rose more sharply, while rents increased at a similar rate to existing properties.

From a regional perspective, the proportion of districts with price increases for new-build owner-occupied flats and one- and two-family houses recovered to around two thirds in Q2/2025 after falling sharply at the end of 2023. Rising rents were unaffected by this. The recovery in the existing segment is slower, with a slight downward trend in Q2/2025. Rents for new-build flats continue to rise in urban districts and districts, with districts recording a slightly higher increase. The affordability of rents and annuities (loan instalments) has shown a slight upward trend again in the last two quarters, although the lack of equity is often a greater obstacle for first-time buyers than the annuity burden.

Data basis Housing Price Index

All empirica housing price index data  can be obtained as individual data sets or via database access from empirica regio. Further figures can be found in the quarterly publication on the index.