Germany's real estate prices rise by 3.3% at the start of the year

An analysis of real estate transaction data from more than 700 credit institutions that belong to the Association of German Pfandbrief Banks, or VDP, shows real estate prices rose by 3.3% in the first quarter compared with the same quarter of the previous year. Compared with the previous quarter, the VDP Index recorded an increase of 1.2%. Residential property prices were once again the driving force, rising by 3.6% year-on-year and by 1.2% compared with the fourth quarter of 2024.