German house prices rose by 0.6% year-on-year in April after adjusting for inflation.

According to calculations by Bloomberg using official data, the average price of existing homes sold in Germany rose by 0.6% year-on-year in April after adjusting for inflation. Nominal house prices increased by 2.7% year-on-year, while the inflation rate for the month was 2.1%. Real house prices have now risen for the eighth consecutive month.