The housing market in Germany is still booming!

In the year 2020, house prices will increase by 11.42 percent.

As the economy recovers from the coronavirus pandemic-induced recession, Germany's housing price boom continues unabated. Following y-o-y increases of 11.15 percent in 2019, 6.78 percent in 2018, 4.45 percent in 2017, 6.86 percent in 2016, and 7.62 percent in 2015, the average price of an apartment increased by a massive 11.42 percent in 2020. House prices rose 2.29 percent on a quarterly basis in the fourth quarter of 2020. 2.  ايجار


Increased construction activity due to strong demand



Low interest rates, urbanization, and stable household finances are all contributing to strong demand. The country's already high demand has been exacerbated in recent years by the migration crisis and strong economic development.




Despite the pandemic, residential development is on the rise. According to the Federal Statistical Office, dwelling permits increased by 4.8 percent year over year to 294,739 units in the first eleven months of 2020, up from 1% in 2019. (Destatis).




Rental yields are moderate, ranging from 2.9 to 3.7 percent.




The average price per square meter in Berlin is €4,991. m.




Germany: apartment in the city center, purchase price, and monthly rent (120 sq. m.)




Rate per month Yield Buying price


€ 598,920 € 1,493 2.99 percent Berlin


€ 544,680 € 1,678 3.70 percent Frankfurt


€ 942,360 € 2,243 2.86 percent Munich


Recent news: Germany's economy shrank by 5% in 2020, less than predicted and less than the 5.7 percent recession seen during the global financial crisis, thanks to major government stimulus programs that helped mitigate the effect of the COVID-19 pandemic. The German economy is expected to expand by 3.2 percent this year and another 3.1 percent in 2022, according to the European Commission.




In December 2020, the unemployment rate (seasonally adjusted) was 4.6 percent, up from 3.3 percent the previous year but still lower than the EU's overall jobless rate of 7.5 percent. In Germany, this equates to around 2 million unemployed people.




In the year leading up to Q2 2020, house prices increased by 10.85 percent.




Despite a coronavirus-induced economic downturn, Germany's housing market remains solid. Following y-o-y increases of 12 percent in Q1 2020, 11.15 percent in Q4 2019, 9.46 percent in Q3, and 8.21 percent in Q2, the average price of apartments increased by a massive 10.85 percent in the year to Q2 2020. In Q2 2020, house prices increased by 0.39 percent on a quarterly basis.








Increased construction activity due to strong demand




Low interest rates, urbanization, and stable household finances are all contributing to strong demand. The country's already high demand has been exacerbated in recent years by the migration crisis and strong economic development.




Despite the pandemic, residential development is on the rise. According to the Federal Statistical Office, dwelling permits increased by 8.2% year over year to 157,103 units in the first half of 2020, following a 1% increase in 2019. (Destatis).




Rental yields are moderate, ranging from 2.9 to 3.7 percent.




The average price per square meter in Berlin is €4,991. m.




Germany: apartment in the city center, purchase price, and monthly rent (120 sq. m.)




Rate per month Yield Buying price


€ 598,920 € 1,493 2.99 percent Berlin


€ 544,680 € 1,678 3.70 percent Frankfurt


€ 942,360 € 2,243 2.86 percent Munich






The most recent information. Following q-o-q declines of 2% in Q1 2020 and 0.1 percent in Q4 2019, the German economy plummeted further into recession in Q2 2020, with real GDP declining by a whopping 10.1 percent from the previous quarter. It was the largest quarterly decline since Germany began publishing quarterly GDP figures in 1970. The economy shrank by 11.7 percent on an annual basis. According to data from the European Commission, the German economy is expected to contract by 6.3 percent this year, following a negligible rise of 0.6 percent in 2019.




In Q2 2020, the unemployment rate was 4.2 percent, up from 3.8 percent in Q1 but still lower than the EU's average of 7.1 percent. This equates to about 1,865,000 unemployed Germans.

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