Assessing Recent House Price Developments in Germany: An Overview

  • Florian KajuthEmail author


Residential property prices in Germany started to increase markedly in 2010 amid exceptionally expansionary monetary policy conditions. Against the backdrop of concerns about an incipient overheating of the Germany housing market, this article reviews recent research on house price valuation with a focus on the quality of house price data for Germany and methodological issues. Due to the uncertainty attached to any single indicator, considering a range of statistical and regression-based indicators is advisable. With a view to the current low interest rate environment, evidence for Germany on the role of interest rates on housing markets is scarce. Available studies, however, indicate a non-negligible interest rate effect on residential property prices in Germany.




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© Springer International Publishing AG 2017

Authors and Affiliations

  1. 1.Deutsche BundesbankFrankfurt am MainGermany

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