How has Germany's housing market changed in 2021?

Germany's housing market remains vibrant amid improving economic conditions. The average price of apartments rose by 12% in the fourth quarter of 2021 compared to the same period of the previous year and denoted the most significant price increase since records began in 2000. The price increase can be seen since the pandemic started.

How important is the residential letting market in Germany?

The figures underline the importance of the residential letting market in Germany. Of the 43 million apartments throughout the country, 51 percent are owner-occupied and 49 percent are rented. In the rest of Europe, by contrast, home ownership averages 69 percent.

What is the size of Germany residential real estate market?

The size of Germany Residential Real Estate Market is USD 361.7 billion in the current year and is anticipated to register a CAGR of over 6% during the forecast period. Sales of homes in Germany reached EURO 337 billion (USD 328.99 billion) in 2021, a 14.5% annual growth and twice as much as it did ten years earlier.

Why is housing becoming scarce and expensive in Germany?

Housing is becoming scarce and expensive. Cities with the highest rents, and how the state is promoting housing development. Construction in Germany: demand for housing is increasing in the cities. © dpa