15.05.2018 - Studies

Q1-2018: Real estate prices stronger than ever

by Philipp Immenkötter


At the end of the first quarter of 2018, German household assets were up 8.3% in comparison to the previous year. The rise in prices is being driven by tangible assets, especially real estate, while financial assets have been declining.

Real estate owned by German households is becoming 9.1% more expensive year-on-year – the highest price increase since the index began in 2005. Real estate market developments are the decisive factor behind the high asset price inflation. Households with high real estate ownership and a low proportion of savings are benefiting particularly strongly from this. This is most often the case for affluent and older households.

The Flossbach von Storch (FvS) asset price index for Germany tracks the price development of assets held by German households.

Please note: this study is only available in German.

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