Houses and apartments have also become significantly more expensive in Germany during the Corona crisis - even more than experts had previously predicted.

On average, the prices for residential real estate in the second quarter were 6.6 percent higher than a year earlier, according to the Federal Statistical Office.

Compared to the previous quarter, the prices for apartments and one and two-family houses increased by two percent.

In a first estimate in August, statisticians had assumed an increase of 5.6 percent over the same quarter of the previous year and 1.4 percent over the first quarter of this year.


Real estate prices have risen in both cities and rural areas.

In the seven largest cities - Berlin, Hamburg, Munich, Cologne, Frankfurt, Stuttgart and Düsseldorf - single and two-family houses were 6.5 percent and condominiums 6.1 percent more expensive than in the same quarter of the previous year.

In other large cities with more than 100,000 inhabitants, house prices rose even more by 7.3 percent.

Condominiums there were even more expensive by 8.2 percent.

In rural areas, the value was 4.8 percent for houses and 5.9 percent for apartments.

The demand for living space is particularly high in metropolitan areas.

Because prices are usually higher there than in rural areas, prospective buyers are increasingly turning to rural regions.

In addition, low building interest rates are fueling the real estate market.


In the past five years, real estate prices have risen by more than 36 percent, as the Wiesbaden statisticians announced.

The increase is now continuing, especially in metropolises, "however, with a decreasing dynamic in apartments."

Here, the rate of increase in the previous year was 7.9 percent; in the second quarter of 2018, condominiums in larger cities were even more expensive by eleven percent compared to the same quarter of the previous year.