Annual house price change in Germany 2006-2021, per quarter

For the first time in two years, the growth of house prices in Germany slowed down in Q2 2020 as coronavirus measures were in place. Nevertheless, inflation-adjusted house prices still grew by roughly 9.5 percent y-o-y during this time, whereas nominal prices increased by over ten percent y-o-y. This is a continuation of many years of relatively stable price increases. When compared with the start of the financial crisis in 2008 and 2009, it is noticeable that Germany was one of the few countries where residential property prices did not crash.