Prices for Houses and Apartments Have Risen Significantly Again

New houses and apartments saw a particularly strong increase of 3.6 percent. Existing residential properties also became 2.6 percent more expensive on average, after these prices had declined in 2024.

Prices for Houses and Apartments Increased in the 1st Half-Year

For existing residential houses, the price increase in the first half-year was 3.0 percent, while condominium prices rose by 2.2 percent. This means that the prices for existing properties are now only about 5.6 percent below the peak value from the third quarter of 2022. New houses and apartments consistently became more expensive, with increases of 3.7 percent in the first quarter and 3.5 percent in the second quarter.

The extended price index for owner-occupied housing, which also includes costs for fees, insurance, repairs, and renovations, increased by 1.8 percent in the first half of 2025. While purchases of new housing recorded a significant increase of 4.6 percent, the costs for services related to real estate acquisition slightly decreased (minus 1.1 percent). Expenses for property maintenance rose by 3.0 percent.

(APA/Red)

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