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INDUSTRIES
&
MARKETSGlobalhousingmarketCHAPTER
01OverviewAnnualinflation-adjusted(real)changeinrealhousepricesworldwidein1stquarter2024,bycountryCountrieswiththehighestinflation-adjustedhousepricegrowthworldwide2024Real(inflationadjusted)pricechange6%
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10%0%2%4%12%14%16%18%UnitedArabEmiratesPoland16.17%14.59%BulgariaRussia12.2%10.54%LithuaniaGreece9.35%7.27%Cyprus6.13%5.73%AustraliaHungaryMexico5.2%4.88%CroatiaPortugalMalta4.82%4.68%4.16%4Description:Inthefirstquarterof2024,theUnitedArabEmirates,Poland,andBulgariaregisteredthehighesthousepriceincreaseinrealterms(adjustedforinflation).IntheUnitedArabEmirates,housepricesoutgrewinflationby16.17percent.Whencomparingthenominalpricechange,whichdoesnottakeinflationintoconsideration,theꢀaveragehousepricegrowthwasevenhigher.Nevertheless,manycountriesexperienceddecliningprices,withLuxembourgrecordingthebiggestdecline,at[...]
ReadmoreNote(s):Worldwide;Q12024Source(s):BankforInternationalSettlementsAnnualpricegrowthinselectedresidentialrealestatemarketsworldwidein1stquarter2024Fastestgrowinghousingmarketsworldwide2024Annualpricegrowth30%0%10%20%40%50%60%TurkeyRussiaUnitedArabEmiratesPoland55.28%18.96%18.38%18%16.01%BulgariaGreeceLithuaniaMexico10.59%9.9%9.67%9.55%AustraliaCroatiaHungaryEstoniaCyprus9.1%9.08%7.81%7.79%5Description:Turkeyexperiencedthehighestannualchangeinhousepricesin2024,followedbyRussiaandtheUnitedArabEmirates.Inthefirstquarteroftheyear,thenominalhousepriceinTurkeygrewby55percent,whileinRussiaandtheUnitedArabEmirates,theincreasewas19and18percent,respectively.Meanwhile,severalmarkets,includingHongKong,Luxembourg,andGermany,sawpricesfall.Thathastodowithanoverallcoolingoftheglobalhousingmarketthatstartedin2022.[...]
ReadmoreNote(s):Worldwide;Q12024Source(s):BankforInternationalSettlementsLuxuryrealestatepricechangeinselectedcitiesworldwidein2023Luxuryrealestatepricechangeworldwide2023,bycityPricechange0%5%10%15%20%25%30%ManilaDubai26.3%15.9%BahamasAlgarveCapeTownAthens15%12.3%12.3%12%12%IbizaMumbaiShanghaiMustiqueStBartsCyprus10%8.6%8%8%7.4%7.2%Marbella6Description:InManila,luxuryhomepricessurgedbyover26.3percentbetweenDecember2022andDecember2023,makingitthefastestgrowingluxuryrealestatemarketworldwide.IntheUnitedStates,Miamiwasthemarketwherepricesrosethemostduringthatperiod.ShanghaiwastheAsia-Pacific(APAC)citythatexperiencedthemostpricegrowthintheluxurymarket,amountingto8.6percent.ReadmoreNote(s):Worldwide;2023Source(s):KnightFrank;VarioussourcesMostattractivecitiesformultifamilyrealestateinvestmentaccordingtoinvestorsworldwidein2024Mostattractivecitiesformultifamilyrealestateinvestmentworldwide2024Shareofrespondents0%5%10%15%20%25%30%35%40%45%50%London,EnglandDallasFt.Worth,U.S.Tokyo,Japan45%40%32%Berlin,GermanyParis,France26%24%Nashville,U.S.21%21%Raleigh-Durham,U.S.Amsterdam,NetherlandsCharlotte,U.S.19%19%19%Miami/S.Florida,U.S.Munich,GermanyShanghai,ChinaSydney,AustraliaSingapore16%13%7%6%HoChiMinhCity4%7Description:In2024,London,Englandemergedasthemostpopularmarketformultifamilyinvestmentworldwide.ꢀInvestorsfromtheU.S.,EMEA,andAsia-Pacific(APAC)regionswereaskedtopickthebestcitiesformultifamilyinvestmentintheirrespectiveregion.IntheU.S.,themostpopularmarketwasDallas-Ft.Worth,accordingto40percentofinvestorssurveyed.In2024,housepricescontinuedtoincreaseacrossmanycountriesworldwide.
ReadmoreNote(s):Worldwide;2023;1,200respondents;residential/multifamilyinvestorsSource(s):CBREGroupRealestatebubbleindexforselectedhousingmarketsworldwidein2024Globalrealestatebubblerisk2024,bymarketIndexscore0.00.20.40.60.81.01.21.41.61.82.0MiamiTokyo1.791.67Zurich1.51LosAngelesToronto1.171.03Geneva1AmsterdamBoston0.980.780.780.77SydneyVancouverFrankfurtHongKongTelAviv0.750.740.698Description:In2024,Miamiwasthehousingmarketmostatrisk,witharealestatebubbleindexscoreof1.79.TokyoandZurichfollowedclosebehindwith1.67and1.51,respectively.Anymarketwithanindexscoreof1.5orhigherwasdeemedtobeabubbleriskzone.ReadmoreNote(s):Worldwide;2024Source(s):UBSHouse-price-to-incomeratioinselectedcountriesworldwidein2023,bycountryHouse-price-to-incomeratioinselectedcountriesworldwide2023House-price-to-incomeratio60
8002040100120140160PortugalCanada150.9136.2UnitedStatesCzechia131.3130.4LuxembourgNetherlandsAustriaSwitzerlandNewZealandAustralia129.4126.5124.2120.3120.2119.9Hungary117.7OECDcountriesIreland117.5116.69Description:Portugal,Canada,andtheUnitedStateswerethecountrieswiththehighesthousepricetoincomeratioin2023.Inallthreecountries,theindexexceeded130indexpoints,whiletheaverageforallOECDcountriesstoodat117.5indexpoints.Theindexmeasuresthedevelopmentofhousingaffordabilityandiscalculatedbydividingnominalhousepricebynominaldisposableincomeperhead,with2015setasabaseyearwhentheindexamountedto100.Anindexvalueof120,for[...]
ReadmoreNote(s):Worldwide;2023Source(s):OECDHouse-price-to-rentratioinselectedcountriesworldwidein2ndquarter2024,bycountryPrice-to-rentratioinselectedcountriesworldwide2024House-price-to-rentratio(2015=100)100%0%50%150%200%250%TurkeyRussia*PortugalLatvia231.1%173.4%170.7%163%GreeceMexicoBulgaria161.2%160.6%159.6%159.2%158.3%158.1%157.9%156.4%HungaryNetherlands*CroatiaCzechiaIcelandSlovakRepublic148.7%10Description:Turkey,Russia,Portugal,andLatviawerethecountrieswiththehighesthouseprice-to-rent-ratiointherankinginthesecondquarterof2024.Inallthreecountries,theratioexceeded160indexpoints,meaningthathousepricegrowthhadoutpacedrentsbyover60percentbetween2015and2024.ReadmoreNote(s):Worldwide;Q22024Source(s):IMF;OECDCHAPTER
02DevelopmentofpropertypricesQuarterlyhousepriceindex(nominal)inselectcountriesintheAmericasregionfrom1stquarter2010to1stquarter2024NominalhousepriceindexinselectcountriesintheAmericas2010-2024,byquarterChileColombiaMexicoUnitedStatesCanadaBrazilWorldPeru40035030025020015010050Q1
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202412Description:In2024,Chilewasthecountrywiththehighestincreaseinhousepricessince2010amongthecountriesunderobservation.Inthefirstquarteroftheyear,thenominalhousepriceindexinChileexceeded342indexpoints.Thatsuggestsanincreaseof242percentsince2010,thebaselineyearwhentheindexvaluewassetto100.Itisimportanttonotethatthenominalindexdoesnotaccountfortheeffectsofinflation,meaningthatadjustedforinflation,pricegrowthinrealtermswasslower.ReadmoreNote(s):NorthAmerica,Afghanistan,Canada,Colombia,CentralandSouthAmerica,Mexico,Peru,UnitedStates;Q12010toQ12024Source(s):BankforInternationalSettlementsQuarterlyhousepriceindex(inflation-adjusted)inselectcountriesintheAmericasregionfrom1stquarter2010to1stquarter2024RealhousepriceindexinselectcountriesintheAmericas2010-2024,byquarterChileUnitedStatesCanadaMexicoColombiaWorldPeruBrazil230210190170150130110907050Q1
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202413Description:In2024,Chilewasthecountrywiththehighestinflation-adjustedincreaseinhousepricessince2010amongthecountriesunderobservation.Inthefirstquarteroftheyear,therealhousepriceindexinChileexceeded195indexpoints.Thismeansthat,adjustedforinflation,housepricesgrewbymorethan95percentsince2010,thebaselineyearwhentheindexvaluewassetto100.Accordingtotheꢀnominalhousepriceindex,whichdoesnotadjustfortheeffectsofinflation,theprice[...]
ReadmoreNote(s):NorthAmerica,Brazil,Canada,Chile,Colombia,CentralandSouthAmerica,Mexico,Peru,UnitedStates;Q12010toQ12024Source(s):BankforInternationalSettlementsQuarterlyhousepriceindex(nominal)inselectcountriesinEuropefrom1stquarter2010to1stquarter2024NominalhousepriceindexinselectcountriesinEurope2010-2024,byquarterAustriaBelgiumEstoniaIcelandMaltaRomaniaSwedenBulgariaFinlandIrelandNetherlandsRussiaSwitzerlandCroatiaFranceItalyNorthMacedoniaSerbiaTurkeyCyprusGermanyLatviaNorwaySlovakiaCzechiaGreeceLithuaniaPolandSloveniaWorldDenmarkHungaryLuxembourgPortugalSpainUnitedKingdom3,0002,5002,0001,5001,0005000Q1
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202414Description:In2024,Turkeywasthecountrywiththehighestincreaseinhousepricessince2010inEurope.Inthefirstquarteroftheyear,thenominalhousepriceindexinTurkeyexceeded2,784indexpoints.HousepricesinTurkeyhavesoaredsince2021,fueledbyhyperinflationinthecountry.Accordingtotheindex,whichamountedto100in2010,housepricesinTurkeyincreasedbyalmost2,700percent(27times)since2010,thebaselineyearwhentheindexvaluewassetto100.Icelandhadthe[...]
ReadmoreNote(s):Europe;Q12010toQ12024Source(s):BankforInternationalSettlementsQuarterlyhousepriceindex(inflation-adjusted)inselectcountriesinEuropefrom3rdquarter2010to2ndquarter2024RealhousepriceindexinselectcountriesinEurope2010-2024,byquarterTurkeyLatviaIrelandSloveniaUnitedKingdomSpainIcelandEstoniaSwitzerlandSwedenNetherlandsSerbiaFinlandHungaryAustriaBulgariaDenmarkFranceLithuaniaCzechiaGermanyPolandNorthMacedoniaRussiaPortugalMaltaCroatiaSlovakiaGreeceItalyLuxembourgNorwayWorldBelgiumCyprusRomania300250200150100500Q1
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202415Description:In2024,Turkeyhadthehighestinflation-adjustedhousepriceindexoutofthe35Europeancountriesunderobservation,makingitthecountrywherehousepriceshaveincreasedthemostsince2010.InTurkey,thehousepriceindexexceeded240indexpointsinthefirstquarterof2024,showinganincreaseinrealtermsof140percentsince2010,thebaselineyearfortheindex.IcelandandEstoniacompletedthetopthree,withanindexvalueofover190indexpoints.Inthepastyear,[...]
ReadmoreNote(s):Europe;Q12010toQ32024Source(s):BankforInternationalSettlementsQuarterlyhousepriceindex(nominal)inselectcountriesintheAsia-Pacificregion(APAC)from1stquarter2010to1stquarter2024NominalhousepriceindexinselectcountriesinAPACregion2010-2024,byquarterIndiaThailandPhilippinesIndonesiaNewZealandSingaporeMalaysiaSouthKoreaHongKongJapanWorldChinaAustralia35030025020015010050Q1
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202416Description:In2024,Indiawasthecountrywiththehighestincreaseinhousepricessince2010amongtheAsia-Pacific(APAC)countriesunderobservation.Inthefirstquarteroftheyear,thenominalhousepriceindexinIndiareachedalmost331indexpoints.Thissuggestsanincreaseof231percentsince2010,thebaselineyearwhentheindexvaluewassetto100.Itisimportanttonotethatthenominalindexdoesnotaccountfortheeffectsofinflation,meaningwhenadjustedforinflation,ꢀprice[...]
ReadmoreNote(s):Australia,China,HongKong,India,Indonesia,Japan,SouthKorea,Malaysia,NewZealand,Philippines,Singapore,Thailand,APAC;Q12010toQ12024Source(s):BankforInternationalSettlementsQuarterlyhousepriceindex(inflation-adjusted)inselectcountriesintheAsia-Pacificregion(APAC)from1stquarter2010to1stquarter2024RealhousepriceindexinselectcountriesintheAPACregion2010-2024,byquarterNewZealandJapanMalaysiaWorldPhilippinesSingaporeIndiaSouthKoreaHongKongChinaThailandIndonesiaAustralia230210190170150130110907050Q1
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202417Description:In2024,NewZealandwasthecountrywiththehighestinflation-adjustedincreaseinhousepricessince2010amongtheAsia-Pacific(APAC)countriesunderobservation.Inthefirstquarteroftheyear,therealhousepriceindexinNewZealandreachednearly170indexpoints.Thismeansthat,adjustedforinflation,housepricesgrew70percentsince2010,thebaselineyearwhentheindexvaluewassetto100.Accordingtothenominalhousepriceindex,whichdoesnotadjustforthe[...]
ReadmoreNote(s):Australia,China,HongKong,India,Indonesia,Japan,SouthKorea,Malaysia,NewZealand,Philippines,Singapore,Thailand,APAC;Q12010toQ12024Source(s):BankforInternationalSettlementsQuarterlyhousepriceindex(nominal)inselectcountriesintheMiddleEastandAfrica(MEA)from1stquarter2010to1stquarter2024NominalhousepriceindexinselectcountriesinMEA2010-2024,byquarterIsraelWorldSouthAfricaUnitedArabEmiratesMorocco230210190170150130110907050Q1
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202418Description:In2024,Israelwasthecountrywiththehighestincreaseinhousepricessince2010amongtheMiddleEasternandAfricancountriesunderobservation.Inthefirstquarteroftheyear,thehousepriceindexinIsraelexceeded219indexpoints,suggestinganincreaseof119percentsince2010,thebaselineyearwhentheindexvaluewassetto100.Itisimportanttonotethatthenominalindexdoesnotaccountfortheeffectsofinflation,meaningthat,adjustedforinflation,pricegrowth[...]ReadmoreNote(s):Worldwide,Africa,Israel,Morocco,SouthAfrica,UnitedArabEmirates,MENA;Q12010toQ12024Source(s):BankforInternationalSettlementsQuarterlyhousepriceindex(inflation-adjusted)inselectcountriesintheMiddleEastandAfrica(MEA)from1stquarter2010to1stquarter2024RealhousepriceindexinselectcountriesinMEA2010-2024,byquarterUnitedArabEmiratesIsraelMoroccoWorldSouthAfrica210190170150130110907050Q1
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202419Description:In2024,Israelwasthecountrywiththehighestinflation-adjustedincreaseinhousepricessince2010amongtheMiddleEasternandAfricancountriesunderobservation.Inthefirstquarteroftheyear,therealhousepriceindexinIsraelexceeded182indexpoints,suggestingthat,adjustedforinflation,housepricesgrew82percentsince2010,thebaselineyearwhentheindexvaluewassetto100.Accordingtothenominalhousepriceindex,whichdoesnotadjustfortheeffectsofinflation,[...]
ReadmoreNote(s):Worldwide,Africa,Israel,Morocco,SouthAfrica,UnitedArabEmirates,MENA;Q12010toQ12024Source(s):BankforInternationalSettlementsCHAPTER
03AmericasMediansalespriceofnewhomessoldintheUnitedStatesfrom1965to2023(in1,000U.S.dollars)MediansalespriceofnewhomessoldintheU.S.1965-20235004504003503002502001501005001965
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202321Description:ThemediansalespriceofnewhomessoldintheUnitedStatesincreasedsteadilyfrom1965to2023.In2023,anewlybuilthomecostapproximately427,400U.S.dollars.Thatwasadeclineofnearly30,000U.S.dollarsandthefirstdecreasesince2018.Pricesvariedgreatlyacrossdifferentregionsinthecountry,withthemostexpensivehousingfoundintheNortheastregion.ReadmoreNote(s):UnitedStates;1965to2023;Thesalespriceincludestheland.Source(s):USCensusBureauAverageresalehousepricesinCanadafrom2011to2023,withaforecastupto2025,byprovince(in1,000Canadiandollars)AverageresalehousepricesCanada2011-2023,withaforecastuntil2025,byprovinceBritishColumbiaManitobaPrinceEdwardIslandOntarioSaskatchewanNewBrunswickAlbertaNovaScotiaCanadaaverageQuebecNewfoundlandandLabrador1,2501,0508506504502505020112012201320142015201620172018201920202021202220232024*2025*22Description:TheaverageresalehousepriceinCanadawasforecasttodeclinetoabout783,100Canadiandollarsin2024,accordingtoaJanuaryforecast.In2023,housepricesfellforthefirsttimesince2019.Oneofthereasonsforthepricecorrectionwastheꢀnotabledeclineintransactionactivity.Thistrendisexpectedtocontinuein2024andreversein2025.BritishColumbia,whichisthemostexpensiveprovinceforhousing,isprojectedtoseetheaveragehousepricereach1.15millionCanadian[...]
ReadmoreNote(s):Canada;2011to2023;*ForecastbyTDEconomicsasofJanuary2024ReadmoreSource(s):RoyalBankofCanada;TDBankAveragesquaremetersellingpriceofanapartmentinselectedLatinAmericancitiesinSeptember2024(inU.S.dollars)ApartmentsalespricepersquaremeterinLatinAmerica2024,bycityAveragepriceinU.S.dollarsMontevideo(Uruguay)MexicoCity(Mexico)Monterrey(Mexico)3,4542,7062,5612,540BuenosAires(Argentina)Santiago(Chile)Guadalajara(Mexico)SãoPaulo(Brazil)2,4202,3892,3032,2112,098RiodeJaneiro(Brazil)Lima(Peru)PanamaCity(Panama)Rosario(Argentina)Córdoba(Argentina)Bogotá(Colombia)*Quito(Ecuador)1,7611,5471,5281,2951,21523Description:Montevideo,Uruguay'scapital,leadsLatinAmericancitieswiththehighestapartmentsalepricesin2024,averaging3,454U.S.dollarspersquaremeter.ThisfiguresurpassesothermajormetropolitanareaslikeMexicoCityandBuenosAires,highlightingsignificantdisparitiesinrealestatemarketsacrosstheregion.ThedataunderscoresthevaryingeconomicconditionsandhousingdemandindifferentLatinAmericanurbancenters.ReadmoreNote(s):September2024Source(s):Navent;UTDTAveragehousingpriceinMexicoin3rdquarter2024,bystate(in1,000Mexicanpesos)AveragehousepriceinMexico,bystate2024PriceinmillionMexicanpesos0.00.51.01.52.02.53.03.54.04.5MexicoCityBajaCaliforniaSurQuerétaro3.912.342.19Yucatán2.062.05MorelosBajaCaliforniaJalisco1.941.881.831.78SinaloaNuevoLeónNayaritQuintanaRooNationalaverageStateofMexico1.761.751.731.7324Description:Mexico'shousingmarketdemonstratessignificantregionalpricevariations,withMexicoCityemergingasthemostexpensiveareaforresidentialpropertyin2024.Thecapitalcity'saveragehousepriceof3.91millionMexicanpesosfarexceedsthenationalaverageof1.73millionpesos,highlightingthestarkcontrastinpropertyvaluesacrossthecountry.ThisdisparityreflectsbroadereconomicanddemographictrendsshapingMexico'srealestatelandscape.
ReadmoreNote(s):Q32024;Currentprices;PreliminarydataSource(s):FederalMortgageSociety(Mexico);MinistryoftheTreasuryandPublicCredit(Mexico)AveragehousepriceinBrazilinJuly2024,bycity(in1,000sBrazilianreals)AveragehousepriceinBrazilin2024,bycityPriceinthousandBrazilianreals02004006008001,0001,2001,4001,6001,363.09Florianópolis,SCRiodeJaneiro,RJSãoPaulo,SPCuritiba,PR1,222.431,112.77997.65VilaVelha,ESBeloHorizonte,MGSalvador,BA963.59960.97883.94869.9Fortaleza,CE763.66Brasília,DFRecife,PE737.57664.31PortoAlegre,RSJoãoPessoa,PB600.225Description:Florianópolis,SC,andRiodeJaneiro,RJ,hadthemostexpensivehousinginBrazilinJuly2024.TheaveragehousepriceinFlorianópolis,thecapitalofSouthernBrazil'sSantaCatarinastate,costcloseto1.4millionBrazilianreals,whereasinRiodeJaneiro,itwasabout1.2millionBrazilianreals.Fromthe12citiesunderobservation,JoãoPessoahadthemostaffordablehousing,withtheaveragehousepriceat600,000Brazilianreals.HousepricesinBrazilhavegrownyear-on-yearsince2018.
ReadmoreNote(s):July2024Source(s):AgenteImóvelAveragenewandexistingapartmentpriceinBuenosAires,Argentinafrom2006to2024,byapartmentsize(inU.S.dollarspersquaremeter)AverageapartmentpriceinBuenosAires,Argentina2006-2024,bysizeExisting(2-bedroom)New(2-bedroom)Existing(3-bedroom)New(3-bedroom)4,0003,5003,0002,5002,0001,5001,0005002006
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2023Q3202426Description:Theaveragepriceofanewthree-bedroomapartmentinBuenosAires,Argentina,was2957.37U.S.dollarspersquaremeterinthethirdquarterof2024.Thepriceforlargenewapartmentspeakedin2017,whenitreachedalmost3,400U.S.dollarspersquaremeter.Accordingtothesource,thetwo-andthree-bedroomapartmentscoveralmosttwo-thirdsofthemarket.ReadmoreNote(s):2006toQ32024;asofQ4ofeachyear,exceptfor2023Source(s):BankforInternationalSettlementsCHAPTER
04EuropeAveragetransactionpriceofanewdwellinginEuropein2023,bycountry(ineurospersquaremeter)AveragetransactionpriceofanewdwellinginEurope2023Averagetransactionpriceineurospermetersquared1,500
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3,50005001,0004,0004,5005,0005,500AustriaGermany*France4,9204,7004,538Netherlands**Portugal4,2664,1754,1124,055CzechiaNorwayUnitedKingdomIreland***Belgium*Slovakia*DenmarkSpain3,8493,7473,2073,1072,9872,74528Description:AustriahadthehighestaveragetransactionpriceofanewdwellinginEuropein2023atover4,920eurospersquaremeter.Germanyhadthesecond-highestaveragetransactionpriceat4,700eurospersquaremeter.BosniaandHerzegovinahadthelowestaveragetransactionpriceofthecountriesincluded,with1,315eurospersquaremeterduringthesameperiod.ReadmoreNote(s):Europe;2023;*Bidprice.**Olderdwelling.***Averagenewhousepricedividedby120sqm(averagesize)
ReadmoreSource(s):DeloitteAveragehousepriceandpercentagechangefromtheprevousyearintheUnitedKingdom(UK)inOctober2024,bycity(inGBP)AveragehousepriceandannualpercentagechangeintheUK2024,bycityAverage
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GBPAnnual
percentage
changeLondon5195795068834885763608603396483319972920592811072567502459232485832530612402320.26.44.73.26.10.83.46.10.50.75.2-2.32.9CambridgeOxfordCityofBristolCityofEdinburghBournemouthChristchurchandPooleUnitedKingdomCardiffPortsmouthSouthamptonLeedsManchesterBirmingham29Description:TheUKhousingmarketcontinuedtoshowsignificantregionalvariationsin2024,withLondonmaintainingitspositionasthemostexpensivecityforhomebuyers.Theaveragehousepriceinthecapitalstoodat519,579BritishpoundsinOctober,nearlydoublethenationalaverageof292,059Britishpounds.However,themarketdynamicsareshifting,withLondonexperiencingonlyamodest0.2percentannualincrease,whileothercitieslikeNewcastleuponTyneandBelfastsawmore[...]
ReadmoreNote(s):UnitedKingdom;October2024Source(s):OfficeforNationalStatistics(UK)AveragesalespriceofhousesinselectedcitiesinGermanyfrom2012to2023(ineurospersquaremeter)AveragesalespriceofhousesinGermany2012-2023,bycityMunichStuttgartDusseldorfFrankfurtamMainHamburgCologneBerlin12,50010,5008,5006,5004,5002,50050020122013201420152016201720182019202020212022202330Description:TheaveragepriceofdetachedandduplexhousesinthebiggestcitiesinGermanyvariedbetweenapproximately5,000eurosand10,000eurospersquaremeterinthesecondquarterof2023.HousingwasmostexpensiveinMunich,wherethesquaremeterpriceofhousesamountedto9,931euros.Conversely,Berlinwasmostaffordable,withthesquaremeterpriceat4,802euros.
ReadmoreNote(s):Germany;2012to2023;Singlefamilyandduplexhousing.Aso
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