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German Home Prices Up 3.3% in Q3, Marking a Fourth Straight Year-on-Year Gain

Policymakers tout a "Bau‑Turbo" to speed permits after housing completions fell short of targets.

Overview

  • Destatis' preliminary index shows residential prices rose 1.0% from the previous quarter in Q3 2025.
  • Price increases were recorded across all regions, with the sharpest year-over-year gains for condominiums in urban districts (+4.7%) and independent cities (+5.0%).
  • Single- and two-family houses saw the strongest annual increases in urban districts (+3.6%) and independent cities (+3.5%).
  • In the seven largest cities, prices rose more moderately year over year, up 2.7% for houses and 2.8% for condominiums.
  • Quarter-on-quarter moves were uneven across rural areas, including declines for houses in densely populated rural districts (-0.5%) and for condos in sparsely populated rural districts (-0.9%), while EU comparables are due from Eurostat on January 9, 2026.