Germany - House Price Value for Existing Homes





Germany: House Price Value for Existing Homes

Mnemonic HPLX.IDEU
Unit Euros, NSA
Adjustments Not Seasonally Adjusted
Monthly 0.17 %
Data Jan 2024 352,743
Dec 2023 353,340

Series Information

Source The Hypoport Group
Release Hypoport House Price Index
Frequency Monthly
Start Date 1/31/2005
End Date 1/31/2024

Germany: Real Estate

Reference Last Previous Units Frequency
Building Permits Jan 2024 16,797 21,182 #, NSA Monthly
House Price Index Jan 2024 245.43 241.48 Index August 2005=100, NSA Monthly
House Price Index for Existing Homes Jan 2024 168.99 169.1 Index August 2005=100, NSA Monthly
House Price Value for Existing Homes Jan 2024 352,743 353,340 Euros, NSA Monthly
House Price Index for New Homes 2023 Q4 161.3 160.6 Index 2015=100, NSA Quarterly
Non-residential Building Permits Dec 2023 4.23 4.71 Bil. DEM/Bil. EUR, CDASA Monthly
Building Completions 2022 192,744 192,055 Number Annual
Dwelling Stocks 2022 43,366 43,084 Ths., NSA Annual
Residential Building Permits 2022 110,659 129,306 #, 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.