purchase prices

The empirica housing market index for Q4/2025 shows a differentiated development on the German residential real estate market. Advertised purchase prices had recently recovered, benefiting from scarcity and rising incomes, but are falling or stagnating in the current quarter, depending on the segment, on average across all districts in Q4/2025. Despite stable interest rates and scarcity, these are signs of continuing uncertainty in the market.

The empirica housing market index for Q3/2025 shows differentiated developments on the German residential real estate market. Despite rising interest rates, advertised purchase prices have recovered, benefiting from scarcity and higher incomes, but also from a habituation to the new interest rate level. Currently, however, increasing uncertainty (caused by the threat of cuts in household income due to the loss of competitiveness of German companies) is slowing down the elimination of scarcity.

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

The latest data from the empirica property price index for Q1/2025 is available. In the last quarter, asking purchase prices for new builds rose slightly. There are now also signs of a slight increase in existing properties. Rents continued to rise, albeit at a slightly lower rate than last year.

The latest data from the empirica property price index for Q4/2024 is now available. The advertised average prices for new-build apartments are thus once again setting new records, while advertised average prices for single-family homes are stagnating at a lower level. Advertised rents have remained unaffected by the crisis or have even risen consistently as a result.

The empirica housing market index is available up to Q3/2024. In the current quarter, asking prices for new builds continued to rise. Purchase prices for existing properties remained stable. The increase in rents also remained, but weakened somewhat compared to the previous quarter.

Various analyses have recently attempted to quantify the possible price discount on non-energy-efficient properties. Such a discount is undisputed, but the amount is probably overestimated. In a background analysis, empirica has examined more closely how this discount can be calculated on the basis of asking purchase prices.