Construction prices in Germany have risen sharply since 2010. Various factors such as population growth, real estate shortages, interest rate trends and rising material prices are driving up construction and real estate prices. The construction price index serves as an important indicator here.
Construction price index – meaning
The construction price index shows the price trend for individually planned residential buildings, but focuses only on the building itself.
The construction price index for 2024 is 21.34.
Influencing factors and effects
Global events such as trade conflicts and supply bottlenecks have increased the cost of materials. Regional differences in Germany show that prices are rising faster in large cities than in rural areas. This affects the housing market by increasing the cost of building or buying a house and rents.
Future prospects
The development of the construction price index remains an important factor for the construction industry. Political decisions and innovative construction methods could play a stabilizing role in the future.
Monitoring the construction price index is crucial for understanding the construction industry and its impact on society and the economy.
