regional data

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.

EXPO REAL will take place in Munich from 6 to 8 October 2024. Our CEO Jan Grade and Business Development Manager Xeniya Ros will be on site to answer questions and discuss our data offering. We are looking forward to meeting you.

The longer ago the last census was conducted, the greater the differences between the projected and actual population figures. The 2022 census has created an important adjustment here: the federal and state statistical offices have recalibrated the population projection and we have adjusted our database accordingly. From now on, you will be working with a new basis for all demographic analyses.

The empirica Housing Bubble Index shows the regional spread of a bubble risk. The multiplier sub-index (-1 point) has declined slightly. The sub-indices for construction loans, completions and price-income remain unchanged (+/-0 points).

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.

When rents rise faster than purchase prices, it gives hope to many who dream of owning their own home. This is because buying owner-occupied property is then more worthwhile than renting. At the same time, this trend acts as a safety net for the property market: the more rents catch up with purchase prices, the lower the risk of a price collapse - the risk of a bubble decreases.

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.

Test the Market Studio and database now × The test access for the empirica regio market studio is primarily intended for companies, public administration institutions and experts in the field of the property market and regional development. Request trial access Please send us your business contact details. We will be happy to send you more information about our licences or answer any questions you may have during a telephone call or video conference. The test access provides an initial overview of the available indicators and tools. It is not possible to download data as part of the test access. If you are interested in current housing market data for a specific location, please refer to our market reports . Students who would like to use data for a thesis are requested to provide a brief description of the research project and a detailed list of the topics and data of interest for the thesis. Only then can we check whether we can provide support. function showModal() { var modal = document.getElementById("myModal"); var btn = document.getElementById("id_reachout"); var span = document.getElementsByClassName("close")[0]; if (modal.style.display != "block") { modal.style.display = "block"; } span.onclick = function () { modal.style.display = "none"; document.body.style.backgroundColor = 'rgba(0, 0, 0, 0)'; } } The careful observation and the well-founded preparation of data-based decisions in the field of regional real estate markets require a reliable and up-to-date database. With the empirica regional database we offer a comprehensive collection of data for a detailed analysis and market observation at the regional level in Germany.

The empirica bubble index shows the regional spread of a bubble risk. The price-income (-1 pts.) and multiplier (-4 pts.) sub-indices are falling. By contrast, the construction loans sub-index (+2 pts.) is rising slightly, while the completions sub-index remains unchanged (+/- 0 pts.).

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.

• Median contract rent will be EUR 7.21 per m² in 2023
• Strongest increase in new contract rents in Dahme-Spreewald, lowest rents in Central Saxony
• City of Munich most expensive place to live in Germany at EUR 16.30 per m² - increase of 21 per cent in five years

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.

EXPO REAL will take place in Munich from 7 to 9 October 2024. Our CEO Jan Grade and Business Development Manager Xeniya Ros will be on site to answer questions and discuss our data offering.

The current sharp rise in rents contrasts with the moderate increase in purchase prices. This is positive for the risk of a bubble, as the high valuation level of property is increasingly justified. At the same time, the slight fall in interest rates is leading to an increase in new lending for residential construction, which in turn harbours the potential for further price rises and thus increases the risk of a bubble.

The example of Rostock shows how important regional population analyses are for investments in the housing market. Young adults are moving into the city, while rents are rising and vacancies are falling. Young workers and families, on the other hand, are moving to the surrounding areas or to other labor market regions. Therefore, the basic rule for investors is: They should base their strategies on solid demographic data in order to minimize risks and take advantage of opportunities.

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.

Purchase prices generally appear to have bottomed out and are falling more slowly than before or are already rising slightly. However, there are no uniform trends, as there are still major differences depending on the segment or region. In general, purchase prices for new builds tend to rise more than for existing properties, for condominiums (ETW) more than for single-family homes and in urban regions more than in federal states.

On 25 June 2024, the first results of the 2022 census were published by the Federal Statistical Office. The empirica regio team has also been waiting for these results, as the census will put many important official statistics on a new footing. In this article, we would like to briefly explain what this means for the empirica regional database.

The purchase prices in the empirica property price index for Q1/2024 indicate that the bottom has been reached. This is shown by the new data from the empirica property price index for Q1/2024. While new construction prices continue to show a stable trend, purchase prices across all years of construction should now also have reached a stable level. The first increases can already be observed across all years of construction in cities with a rather low purchase price level.

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%.

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.

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.

The shop.empirica-regio.de page has been revised and now provides even faster access to our market reports. You can now easily order our market reports online. Simply select the desired region and receive all reports as a PDF for download.

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.

With Q3/2022, the indices for condominiums as well as detached and semi-detached houses declined on average nationwide for the first time since 2013. In Q4/2022, this new trend continues, with observed purchase prices now falling both in new construction and across all construction years, and in many regions in Germany.

In the observation of advertised purchase prices, Q3/2022 saw a break in the trend that had already become apparent in Q2. On a nationwide average across all properties, the indices of condominiums and detached and semi-detached houses recorded a decline for the first time since 2013.

empirica regio has aggregated, adjusted and analysed property tax data from the federal states and the federal government. The data are always published by the statistical offices with a delay of approximately one year.

With growth of 1.1 % compared to the previous quarter, purchase prices for condominiums rose less strongly than rents (+2.0 %) for the first time in a long time. Purchase prices for detached and semi-detached houses rose by 2.5 % compared to the last quarter.

Singles and large families pay the highest rents per square metre in Germany. This is the key finding of a recent analysis by empirica regio GmbH. Especially in the large cities and major cities, the so-called A-cities, families have to spend more than others on rent.

In a recent post on LinkedIn, CEO Jan Grade shows how important high-quality and reputable framework data is for decision-making processes.

The surrounding areas of Germany’s A-cities are becoming increasingly important as places to work, this is the result of an analysis by empirica regio GmbH. We have examined the commuter balances, commuter rates and commuter links of the German metropolises and their surrounding areas.

We have written this sentence in this or similar form many times in recent quarters: The indices for the rental, condominium and detached and semi-detached house sub-segments continued to rise in Q1/2022. The relative increase in advertised rents, at 1.2% compared to the last quarter, continued to lag well behind the development of purchase prices. Prices for condominiums rose by 2.4% compared to Q4, prices for detached and semi-detached houses even by 3.1% compared to the last quarter.

Ever since Tesla chose Grünheide as the site for its fourth Gigafactory, it has been clear: the previously little-noticed region around the little speck-belt town of 8,000 inhabitants in the east of Berlin is now seen as one that will be boosted and transformed in many ways. Grünheide’s mayor described the Tesla settlement as “winning the lottery”.

The economic and real estate data provider empirica regio GmbH has determined the per capita residential space consumption of all German municipalities with 400 or more inhabitants. Almost 9,000 municipalities and 107 independent cities were analysed. The results show that popular holiday destinations in particular consume a lot of living space per inhabitant, but people in rural regions also have a particularly large amount of living space at their disposal. In the German metropolitan areas, on the other hand, people are moving closer together and living on less living space.

The indices for the rental, condominium and detached and semi-detached house sub-segments continued to rise in Q4/2021. The relative increase in advertised rents, at 1.2% on the last quarter and 5.8% on the same quarter of the previous year, continued to lag well behind the development of purchase prices. Prices for condominiums rose by 2.9% compared to Q3, prices for detached and semi-detached houses even by 3.1% compared to the last quarter.

The empirica housing market bubble index rises more strongly in the third quarter of 2021, especially in the completions sub-index, and somewhat less in the multiplier and price-income sub-indices. The overall index rises most strongly in the swarm cities, followed by the growth and shrinking regions.

With the Autumn Update 2021 we provide several new and revised functions in the empirica regio Market Studio for our customers. The major updates include the new indices for Germany and an analysis tool for correlation analysis.

The empirica property price index for Q3 2021 is available just in time for EXPO REAL. The rise in rents in the swarm cities is easing somewhat. In the surrounding regions and some rural areas, on the other hand, rents are rising even more strongly, albeit from a lower starting level. A look at the following map shows the development of the last three years at district level for rents (all construction years).

The empirica regio market studio has new analysis tools for spontaneous evaluations or for preparing more in-depth analyses in your own software environment.

The empirica housing price index continues to show rising prices, especially in the condominium segment (+3.2% quarter-on-quarter) and detached and semi-detached houses for sale (+2.9% quarter-on-quarter).

The current empirica housing price index for Q1/2021 is available. The relative development continues as in the previous quarters: rents continue to rise, albeit slowly, and purchase prices continue to increase strongly.

The empirica housing price index with current rents and purchase prices for the 4th quarter of 2020 and the CBRE-empirica-Vacancy-Index 2020 are available.

The current empirica property price index for Q3/2020 is now available. The indices for rented and owner-occupied flats as well as single and two-family houses continue to rise across all construction years.

Over the summer of 2020, the empirica regio market studio has received new functions, e.g. extended map functions, revised reports and additional query functions.

The empirica regional database has received a comprehensive data update, which is now available to all customers.

empirica developed the bubble index seven years ago to show that there are no bubbles in the German real estate market. In recent years, however, the sub-indices “multiplier” and “price-income ratio” have continued to rise.

The current empirica real estate price index shows: Rents and purchase prices in Germany continue to rise. The rates of increase in purchase prices are still significantly higher than the growth in rents.

empirica regio has prepared a special evaluation of offered rents from early 2019 to mid May 2020 for an article on the Berlin rent cap by ZEIT ONLINE.

For a quick market overview with the most important indicators for districts and district-free cities, we now offer empirica regio GO free of charge with the short report REGIO TO GO.

What slowly became apparent in the last months is continuing: the rise in rents is continuing to slow down, especially in the metropolitan areas.

The empirica real estate price index for the fourth quarter of 2019 is now available. The rise in purchase prices continues.

In Germany, around 600,000 market-active multi-storey apartments were vacant in 2018. However, the regional gap in vacancy rates continues to widen:

The rents and purchase prices for the third quarter of 2019 from the empirica real estate price index are available.

Our database is regularly updated with new data, indicators and functions.

New rents and purchase prices for the second quarter of 2019 from the empirica price database are now available for download.

The new empirica bubble index shows an initial increase in the ratio of prices to income and a further increase in multipliers and debt.

Purchase prices continue to rise faster than rents. Condominiums increased by 2.4% compared to the previous quarter.