Home price rise in Germany hits 20-year record

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%.