German Real Estate Prices Show Mixed Trends in Q3

While urban housing prices rise slightly, rural areas and major cities see declines in certain categories.

Residential property prices in Germany increased by an average of 0.3% in Q3 2024 compared to the previous quarter, according to the Federal Statistical Office.
Year-over-year, overall property prices remain 0.7% lower than in Q3 2023, reflecting broader market cooling trends.
Rural areas experienced significant declines, with apartment prices dropping 5.7% and house prices falling 2.1% compared to last year.
In urban areas, apartment prices rose 1.0% from the previous quarter and 2.4% from the same period last year, while house prices showed minimal year-over-year growth of 0.2%.
Germany's seven largest cities saw contrasting trends: apartment prices rose 0.5% quarter-over-quarter, but house prices fell 3.1% from Q2 and 5.3% compared to last year.