15.11.2019 - Studies

Q3-2019: Real estate has come up trumps

by Philipp Immenkötter


At the end of the third quarter, prices for the assets of private German households had risen by +2.9% year-on-year. A continuous rise in real estate prices is responsible for this development. Both, the development of asset prices in the cross-section of net wealth and in the cross-section of age, show that households that own real estate benefit most from asset price inflation. Households without real estate ownership, on the other hand, are losing out.

Link to the FvS the Wealth Price Index for Germany as PDF