Quarterly house price to income ratio in Germany 2012-2022
The house price ratio in Germany fluctuated between 2012 and 2022. The ratio measures the development of housing affordability and is calculated by dividing nominal house price by nominal disposable income per head, with 2015 set as a base year when the index amounted to 100. Germany's index score in the third quarter of 2022 amounted to 133, which means that house price growth has outpaced income growth by 33 percent since 2015. This was much higher than the Euro area 16 average.
