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 0.73 %
Data Aug 2020 157.87
Jul 2020 156.73

Series Information

Source The Hypoport Group
Release Hypoport House Price Index
Frequency Monthly
Start Date 1/31/2005
End Date 8/31/2020

Germany: Real Estate

Reference Last Previous Units Frequency
House Price Index Aug 2020 187.42 186.29 Index August 2005=100, NSA Monthly
House Price Index for Existing Homes Aug 2020 157.87 156.73 Index August 2005=100, NSA Monthly
House Price Value for Existing Homes Aug 2020 331,493 329,339 Euros, NSA Monthly
Building Permits Jul 2020 31,231 34,305 Number, NSA Monthly
Non-residential Building Permits Jul 2020 3.66 4.16 Bil. DEM/Bil. EUR, CDASA Monthly
House Price Index for New Homes 2020 Q2 117.7 117.2 Index 2015=100, NSA Quarterly
Building Completions 2018 196,834 200,110 Number Annual
Dwelling Stocks 2018 42,235 41,968 Ths., NSA Annual
Residential Building Permits 2018 117,869 119,060 #, 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.