German home prices edged up nationwide while TOP 7 city flats fell
Preliminary data for the second quarter of 2026 show residential prices up 0.6% year on year nationwide, while flats across Germany’s seven largest cities fell 0.4%. The two measures cover different markets.
A modest increase nationwide
Germany’s Federal Statistical Office (Destatis) reported that the house price index for all residential property in the second quarter of 2026 was 0.6% higher than in the same quarter of 2025 and 0.3% higher than in the first quarter of 2026. These figures were preliminary when published on 24 September 2026.
Flats in the seven largest cities moved differently
Across Berlin, Hamburg, Munich, Cologne, Frankfurt am Main, Stuttgart and Düsseldorf as a group, prices for owner-occupied flats were 0.4% lower than a year earlier and 0.5% lower than the previous quarter. This is an aggregate for the seven cities; it does not mean prices fell by the same amount in each city. In the same group, prices for one- and two-family homes were 0.7% higher year on year but 0.6% lower quarter on quarter.
Other large cities
In large independent cities outside that TOP 7 group, flat prices rose by 2.0% year on year and 0.5% quarter on quarter. Nationwide figures cover a broader mix of locations and property types than the TOP 7 flat series, so the two readings can move in opposite directions.
How to use the figures
A national index is useful background, but it cannot price a specific home. For a purchase or sale, look at the neighbourhood, property type, condition, energy performance and comparable transactions. The figures refer to the second quarter of 2026, not live September asking or sale prices, and preliminary estimates can later be revised.
Source: Destatis press release No. 336 of 24 September 2026. DeSH Real Estate can help review the property and local market evidence for an individual decision.
