GLOPRAGlobal Property Radar

Germany new-build house prices rise 2.6% year on year in October 2026

German new-build house prices rose +2.60% in the year to October 2026 while apartment prices fell 1.24%, according to Europace index data published on 9 November.

The facts

  • The EPX new-build house index stood at 246.60 in October 2026 against 240.35 a year earlier, a rise of +2.60%, Europace published on 9 November 2026.
  • The apartment index fell to 216.49 from 219.21 in October 2025, a drop of 1.24%, and stood at 218.39 as recently as September 2026.
  • Existing houses did neither: the index read 201.73 in October 2026 and 201.73 in October 2025, the same level to two decimal places.
  • The composite index was 221.61 in October, against 221.77 in September 2026 and 220.43 in October 2025.
  • Europace publishes index levels only and prints no percentage change for any of the four series.

What it means for your money

  • A new build costs 2.60% more than a year ago; a flat costs 1.24% less. Resale is the cheaper way into Germany right now.
  • Glopra puts the German apartment price at USD 3,066 per square metre with a Bubble Risk score of 51 out of 100, in the moderate band, so the fall in flat prices starts from a mid-range valuation rather than a stretched one.
  • An owner holding an existing German house has watched the index return to exactly where it stood twelve months ago, which means any gain over that year came from rent, not from price.

What to watch

  • The November EPX reading, due in early December, and whether the existing-house index finally moves off 201.73.
  • The composite hides the split: it shifted 0.16 index points between September and October 2026 while the apartment index alone fell 1.90 points, from 218.39 to 216.49.

Sources: Europace https://europace.de/epx-hedonic/

Market data: Düsseldorf · Berlin · Leipzig · Frankfurt