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Real Residential Property Prices for Germany
Real Residential property prices as tracked by the Federal Reserve Bank of St. Louis (FRED).
“Real” Prices: This means the property prices have been adjusted for inflation. The data is “deflated using CPI” (Consumer Price Index) to reflect the true change in property value by removing the effect of rising general price levels.
Coverage: It includes “all types of owner-occupied new and existing dwellings in the whole country”.
Data Format: It is a time series index with a base year of 2010=100. This allows you to easily see how much prices have risen or fallen relative to that year.
Frequency: The data is updated quarterly.
Use Official Codes: When searching on economic databases like FRED, using the specific code QDER628BIS will directly lead you to the “Real Residential Property Prices” series.
Verify Definitions: Always check the “Notes” section of a data series to confirm what it measures. The notes for QDER628BIS clearly state it covers “owner occupied” homes and is “deflated using CPI”.
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