Quarterly house price to rent ratio in Germany 2015-2023
The house price to rent ratio in Germany increased since 2015, peaking at 151 index points in the second quarter of 2022, before declining to 133 index points in the second quarter of 2023. The house price to rent ratio is calculated by dividing nominal house prices by rent prices, with 2015 chosen as a base year and the index value set to 100. A value of 133 shows that house price growth has outpaced rental growth by 33 percent since 2015. Germany was one of the OECD countries with the highest house price to rent ratio.