Annual house price change in Germany 2006-2022, per quarter
The nominal price growth of residential properties in Germany continued increasing in the first quarter of 2022. Nevertheless, as inflation grew, the inflation-adjusted house price growth slowed down. In the fourth 2020, inflation-adjusted house prices grew by 11 percent y-o-y, while in the fist quarter of 2022, this figure had fallen to 7.1 percent. In comparison, the nominal change in these two quarters was 10.7 and 14.4 percent, respectively.
