In January, households in Germany expected real estate prices in their region to rise by an average of 5.4 % over the next 12 months, which represents an increase of 0.4 percentage point compared with the previous month. When asked about their qualitative expectations in January, 63 % of households expected real estate prices to increase and 5 % expected them to decrease during this period (previous month: 62 % and 7 %, respectively).

The Deutsche Bundesbank conducts regular surveys of households’ expectations for unemployment, economic growth, rent prices, real estate prices, and interest rates on savings and loans. These data are used to calculate index figures, from which corresponding trends can be easily derived.

In January, households expected an average increase in their monthly net household income of around €40 over the next 12 months. This is the lowest value since January 2025. Expectations still vary significantly when broken down by factors such as household income, gender, and age group. The median remained constant, at €125. This can be explained by the fact that a large share of households has considered income growth of between €0 and €250 to be most likely each month since this survey was launched.

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Die aggregierte Summe der Aktiva der Kreditinstitute mit Sitz in der EU erhöhte sich von 33,12 Bio. € im September 2024 auf 33,44 Bio. € im September 2025, was einer Zunahme um 0,95 % entspricht.

“In a globally interconnected world, autonomy is an illusion,” Bundesbank President Joachim Nagel told the German “Frankfurter Allgemeine Zeitung” newspaper. But even so, Europe still needed to invest in certain areas in order to become more independent. Interviewed jointly with Martin Kocher, Governor of the Oesterreichische Nationalbank, they also spoke about the debt ratios of euro area countries, proposals for fiscal consolidation, and central bank independence.

International trade in services refers to the exchange of intangible services such as financial services, tourism or IT between countries. Unlike in goods trade, no physical goods are exchanged. Globalisation, technological developments and the opening-up of markets have greatly increased its importance.