Home price rise in Germany hits 20-year record
October 5, 2021
Since 2000 housing prices in Germany have gradually increased, but last year showed a record jump - the growth in value reached 11%.
Since 2000 housing prices in Germany have gradually increased, but last year showed a record jump - the growth in value reached 11%. Such an active rise in prices is also observed throughout the entire second quarter of this year. We note a 10.9% increase in value compared to the same period a year earlier.
Cities with notable price increase
The most noticeable rise in price was noted in the following cities:
- Berlin;
- Hamburg;
- Munich;
- Koln;
- Frankfurt am Main;
- Dusseldorf.
The cost of houses in these cities increased by 14.7%, and apartments - by 12.9%. In other areas prices rose a little less, but often the indicator exceeded 10%.
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