Living in Germany: Prize trends in the 2nd quarter of 2024 in view

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Find out everything about the current prices for residential properties in Germany in the 2nd quarter of 2024. Despite a decline of 2.6 % to the previous year, there was an increase of 1.3 % compared to the previous quarter. Read which regions are affected and how prices have developed in large cities and rural areas. Stay informed about the latest trends on the real estate market!
Find out everything about the current prices for residential properties in Germany in the 2nd quarter of 2024. Despite a decline of 2.6 % to the previous year, there was an increase of 1.3 % compared to the previous quarter. Read which regions are affected and how prices have developed in large cities and rural areas. Stay informed about the latest trends on the real estate market! (Symbolbild/MB)

The latest figures for the real estate market in Germany shock and surprise! In the 2nd quarter of 2024, the price index for residential properties fell by 2.6 % compared to the previous year. But does the upswing stop? Decide for yourself, because compared to the previous quarter, prices rose by 1.3 % - the first time in two years that we are watching a price increase! Is that the end of the price correction?

Particularly exciting price trends can be followed in the big cities. In Berlin, Hamburg, Munich and Co., the prices for apartments are 1.6 % and for single -family houses even increased by 2.3 % compared to the first quarter of 2024. But be careful! Compared to the previous year, apartments in these metropolises are still 1.5 % cheaper, while buyers even had to pay 4 % less for single -family houses.

price analysis of residential properties

It looks similar in other big cities: there, the prices for apartments increased by 1.4 % compared to the previous quarter! But the positive picture clouds when you look at the numbers compared to the previous year's quarter: Here the prices have dropped by measly 0.1 %. Single -family houses remained 1.3 % above the level of the first quarter, but 4.9 % below the previous year - this shows how volatile the market is!

Even in the rural regions, not everything becomes easier. Here buyers for single -family houses have to pay 0.9 % more than in the first quarter of 2024, but the price is still 5 % below the value of one year ago. As far as apartments are concerned, we have a decrease of 3 % to the previous quarter and 6.5 % for the previous year's quarter. A reason to celebrate looks different!

revision and method adjustments

The latest calculations not only bring fresh numbers, they have also revised the values ​​from 2011 to 2023. The revised data show a small but significant difference of -0.1 % to the change rate of the previous year 2023, which is now -8.5 %. Also in 2022 had to be readjusted. Such adjustments are necessary to meet the reality of the market!

There is good news for all statistics freaks: future data can be easily accessible on the newly designed platform Genesis online. From the second half of October 2024, users are expecting an improved user interface-the search for the hottest real estate trends will be child's play!

So there is nothing on the real estate market that does not exist- downward and upward movements, changed numbers and a constantly looking for the best bargains. Whether you buy or sell, the decisions are anything but easy!