Germany - House Price Index for Existing Homes

Germany: House Price Index for Existing Homes

Mnemonic HPIX.IDEU
Unit Index August 2005=100, NSA
Adjustments Not Seasonally Adjusted
Monthly 0.15 %
Data Sep 2021 181.02
Aug 2021 181.3

Series Information

Source The Hypoport Group
Release Hypoport House Price Index
Frequency Monthly
Start Date 1/31/2005
End Date 9/30/2021

Germany: Real Estate

Reference Last Previous Units Frequency
House Price Index Sep 2021 209.36 208.78 Index August 2005=100, NSA Monthly
House Price Index for Existing Homes Sep 2021 181.02 181.3 Index August 2005=100, NSA Monthly
House Price Index for New Homes 2021 Q3 129.6 125.2 Index 2015=100, NSA Quarterly
House Price Value for Existing Homes Sep 2021 381,021 382,530 Euros, NSA Monthly
Building Permits Aug 2021 31,114 31,334 Number, NSA Monthly
Non-residential Building Permits Aug 2021 4.84 4.57 Bil. DEM/Bil. EUR, CDASA Monthly
Building Completions 2020 205,276 197,785 Number Annual
Residential Building Permits 2019 119,457 117,869 #, NSA Annual
Dwelling Stocks 2018 42,235 41,968 Ths., 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.