105.36
index, 2015 = 100, 2025
Moderate trust, 63 of 100 Only one source (OECD), so it cannot be checked against another.
Recorded change in how a source reports; hover or focus the ring for details.
Show the data as a table
| Year | OECD Analytical house prices indicators, price-to-income ratio |
|---|---|
| 1980 | 178.42 |
| 1981 | 179.65 |
| 1982 | 175.88 |
| 1983 | 171.49 |
| 1984 | 159.47 |
| 1985 | 151.75 |
| 1986 | 146.62 |
| 1987 | 140.56 |
| 1988 | 136.33 |
| 1989 | 133.06 |
| 1990 | 133.42 |
| 1991 | 131.01 |
| 1992 | 129.62 |
| 1993 | 131.51 |
| 1994 | 133.33 |
| 1995 | 132.73 |
| 1996 | 128.44 |
| 1997 | 124.39 |
| 1998 | 121.39 |
| 1999 | 117.89 |
| 2000 | 116.51 |
| 2001 | 111.63 |
| 2002 | 109.27 |
| 2003 | 106.54 |
| 2004 | 102.86 |
| 2005 | 101.87 |
| 2006 | 99.03 |
| 2007 | 94.97 |
| 2008 | 94.1 |
| 2009 | 95.08 |
| 2010 | 93.85 |
| 2011 | 94.19 |
| 2012 | 95.42 |
| 2013 | 97.22 |
| 2014 | 97.79 |
| 2015 | 100 |
| 2016 | 104.74 |
| 2017 | 107.41 |
| 2018 | 109.94 |
| 2019 | 113.31 |
| 2020 | 121.37 |
| 2021 | 130.89 |
| 2022 | 128.58 |
| 2023 | 111.47 |
| 2024 | 104.96 |
| 2025 | 105.36 |
All countriesAll of Germany's figuresCompare
Germany among 40 countries
21 have a higher figure and 18 a lower one. Definitions differ between countries, and their years run from 2016 to 2025.
Germany 105.36
Lowest: Romania, 54.27Highest: Portugal, 166.73
What this number counts
- Counts
- Nominal house prices divided by nominal disposable income per head, as an index
- Where
- Germany
- When
- Annual average of quarterly values; latest full year 2025; series 1980-2025 (yearly average over the period)
Where the number comes from (1 source)
| Source | Figure and year | Definition | Quality | Counts for |
|---|---|---|---|---|
OECD Analytical house prices indicators, price-to-income ratioOrganisation for Economic Co-operation and Development (OECD) · Official economic statisticsRetrieved 2026-10-27 · Data (API) | 105.362025 | Nominal house price index divided by nominal disposable income per head, index 2015 = 100.Annual figure as published by OECD, which says annual figures are the average of the year (of seasonally adjusted quarterly values). First year from 1970 in the file: 1980 (178.42); latest full year: 2025 (105.36), a change of -40.9%. Raw file: raw/house-prices-to-income/oecd/house_prices.csv (whole dataflow OECD.ECO.MPD:DSD_AN_HOUSE_PRICES@DF_HOUSE_PRICES(1.0), annual rows, measure HPI_YDH). | 4 of 5 checks
| 100% |
- OECD100%
How the trust score was worked out
- Quality32 / 40
How well the sources are made
- Agreement15 / 30
Unknown with one source, so set to half
- Independence6 / 20
How many separate ways the number was measured
- Freshness10 / 10
How recent the newest data is
Who reports it, and since when
No source of these kinds: model-based estimate.
- Single source: nothing to check it against
- OECD, 1990: Change in the national input as documented by the BIS (OECD documents no source history for its own series): Q1 1990-Q4 1994: terraced houses and owner-occupied apartments in 100 towns in western Germany, including West Berlin. (BIS documentation, page 4.) source
- OECD, 1995: Change in the national input as documented by the BIS (OECD documents no source history for its own series): Q1 1995-Q4 2005: terraced houses and owner-occupied apartments in 125 cities. (BIS documentation, page 4.) source
- OECD, 2006: Change in the national input as documented by the BIS (OECD documents no source history for its own series): Q1 2006-Q4 2013: all owner-occupied dwellings, pure price (based on vdpResearch). (BIS documentation, page 4.) source
- OECD, 2014: Change in the national input as documented by the BIS (OECD documents no source history for its own series): From Q1 2014: House Price Index of the Federal Statistical Office. (BIS documentation, page 4.) source
'01'05'10'15'20'25OECD
figure no figure here, inside its range no later figure recorded change
Why the numbers differ
- Different measures: the price-to-income ratio divides OECD's nominal house price index by nominal disposable income per head (OECD: "the nominal house price index divided by the nominal disposable income per head"). OECD's real house price index divides the same prices by the consumer expenditure deflator, and the price-to-rent ratio divides them by the rent index. The BIS series is prices only, deflated by the consumer price index, so it is shown as its own set and never mixed with the ratio rows. (source, retrieved 2026-10-27)
- Different base years: OECD indices are set to 2015 = 100 and BIS indices to the 2010 average = 100, so a value in one set cannot be compared with a value in another; only the movement over time can be compared. (source, retrieved 2026-10-27)
- Shared national inputs: both bodies build on national house price indices. Computed from the two files, OECD's nominal index and the BIS nominal index keep a near-constant ratio (within 3% in every year) for United Kingdom, Germany, which points to the same national series; for Norway, United States, Canada, Sweden the two drift apart, so they use different series or splice them differently. (source, retrieved 2026-10-27)
- Coverage: OECD says that "In most cases, the nominal house price covers the sale of newly built and existing dwellings"; the BIS lists, country by country, whether its series covers new or existing dwellings, houses or flats, and the whole country or only some cities, and how that changed over time. (source, retrieved 2026-10-27)
Common mistakes
- Reading the index as a level: these are indices, not prices or years of income. OECD: "A comparison of nominal house prices levels across countries is difficult, as definitions differ across countries." A higher index in one country than another does not mean homes there cost more relative to income; it means the ratio rose more since 2015. (source, retrieved 2026-10-27)
- Treating the ratio as the full cost of buying: OECD notes that "these data do not take into account the cost of borrowing", so changes in mortgage interest rates are not in it. (source, retrieved 2026-10-27)
- Taking income per head as a typical household's income: the denominator is disposable income per head from the national accounts, an average, not a median household's income. (source, retrieved 2026-10-27)
Download, cite and report an error
From the table How have house prices changed compared with incomes in each country since 1970? Updated 2026-10-27.
Download every value in this table (CSV)
Cite as: RealStats, “House price-to-income ratio in Germany”, updated 2026-10-27, with the original sources listed on the page.