Germany

GermanyReal HPI

DE desk: Germany first; euro area, France, Italy, United Kingdom and United States alongside.

115.8

−0.4 (−0.3%)

As of 2026 Q1 | 2015=100, real

Latest
115.8 2026 Q1
Previous
116.1 2025 Q4
Min
88.2 2008 Q3
Max
145.4 2021 Q4
PeriodValue
2026 Q1115.8
2025 Q4116.1
2025 Q3116.2
2025 Q2116.4
2025 Q1117.0
2024 Q4116.1
2024 Q3115.5
2024 Q2115.4
2024 Q1115.6
2023 Q4116.1
2023 Q3118.4
2023 Q2121.3
2023 Q1125.0
2022 Q4130.8
2022 Q3140.0
2022 Q2143.8
2022 Q1145.1
2021 Q4145.4
2021 Q3143.2
2021 Q2139.0
2021 Q1135.4
2020 Q4135.2
2020 Q3132.5
2020 Q2127.3
#CountryReal HPIChangePeriod
10Netherlands156.6+0.6 (+0.4%)2025-12
12United States152.9−1.0 (−0.7%)2026-0320Switzerland139.6+0.8 (+0.6%)2026-0331Germany115.8−0.4 (−0.3%)2026-0333United Kingdom107.6−0.4 (−0.4%)2026-0336France102.8−0.4 (−0.3%)2026-0338Italy96.9+0.9 (+0.9%)2026-03

What a real house price index is

The OECD real house price index deflates nominal dwelling prices by the private consumption deflator, so a rise means houses became more expensive relative to consumer prices. Latest: 115.8 in 2026 Q1.

From 1970 Q1 to 2026 Q1 (225 quarters): latest 115.8 (2026 Q1), previous 116.1 (2025 Q4); low 88.2 (2008 Q3), high 145.4 (2021 Q4).

Source: OECD Analytical House Prices. Licence: OECD data; attribution required (terms).