Germany - House Price Index
Germany: House Price Index
| Mnemonic | HPI.IDEU | |
|---|---|---|
| Unit | Index August 2005=100, NSA | |
| Adjustments | Not Seasonally Adjusted | |
| Monthly | 2.1 % | |
| Data | Feb 2023 | 235.33 |
| Jan 2023 | 230.48 | |
Series Information
| Source | The Hypoport Group |
| Release | Hypoport House Price Index |
| Frequency | Monthly |
| Start Date | 1/31/2005 |
| End Date | 2/28/2023 |
Germany: Real Estate
| Reference | Last | Previous | Units | Frequency | |
|---|---|---|---|---|---|
| House Price Index | Feb 2023 | 235.33 | 230.48 | Index August 2005=100, NSA | Monthly |
| House Price Index for Existing Homes | Feb 2023 | 176.9 | 176.2 | Index August 2005=100, NSA | Monthly |
| House Price Value for Existing Homes | Feb 2023 | 372,330 | 370,821 | Euros, NSA | Monthly |
| Building Permits | Jan 2023 | 21,949 | 32,646 | #, NSA | Monthly |
| House Price Index for New Homes | 2022 Q4 | 154.7 | 151 | Index 2015=100, NSA | Quarterly |
| Non-residential Building Permits | Dec 2022 | 5.45 | 4.73 | Bil. DEM/Bil. EUR, CDASA | Monthly |
| Building Completions | 2021 | 192,055 | 205,276 | Number | Annual |
| Dwelling Stocks | 2021 | 43,084 | 42,803 | Ths., NSA | Annual |
| Residential Building Permits | 2021 | 129,306 | 124,596 | #, NSA | Annual |
Release Information
Hypoport have recently released a new house price index (HPI) for Germany. It describes apartments and free-standing homes (new and existing), starting at January 2005. In addition to the HPI, supplemental indicators are the average price, the average living space, and the average plot size (for "homes," which are defined as free-standing structures).
The index has a base period of August 2005 and a base value of 100. Prices are in euros (EUR) and areas in square meters (Sqm). All figures are unadjusted (NSA).
The data is extracted for anonymous transactions on the EUROPACE-platform. The Hypoport AG, with no institutional investors invested, is operating the EUROPACE-platform, which is the only independent marketplace in Germany. As of today, roughly 10 % of all real estate financing for private customers in Germany is executed using this platform. The database is expanding by 4.000 to 7.000 real estate objects per month.
The index is based on sales prices of real estate object per square meter, according to the mortgage application. The index base is August 2005, since this month represents the relationship between price per square meter of the three real estate object groups since August 2003 especially well and the transaction volume reached a representative order of magnitude.
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