Overview
- Quarter-on-quarter in Q4 2025, condominium prices fell 0.3%, single-family homes rose 0.8%, and multi-family buildings gained 4.0% with limited confidence due to few sales.
- Compared with Q4 2024, condos rose 1.5% and single-family homes 1.6%, keeping apartment prices above year-ago levels for a sixth straight quarter yet still below roughly 2.2% inflation; multi-family prices were up 4.8%.
- City-level results diverged: Leipzig +2.9% q/q for condos, Erfurt +1.5%, Stuttgart +1.4%, Karlsruhe about +1.0%, Frankfurt +0.6%, Berlin -1.5%, and Wiesbaden -2.3%.
- IfW Kiel project lead Jonas Zdrzalek said the growth rate is flattening and market activity is increasing at a slower pace.
- The Greix index draws on more than two million notarized sales from local valuation committees across 24 cities and regions, providing a historical series back to 1960.