According to Bundesbank data, housing prices in Germany showed a further sharp rise last year. The Bundesbank’s latest Monthly Report reveals that prices outside the urban areas were also going up at a faster pace than in the years before.

Germany’s current account recorded a surplus of €23.9 billion in December 2021, up €5.4 billion on the previous month’s level. The surplus in the goods account declined, but the surplus in invisible current transactions, which comprise services as well as primary and secondary income, increased considerably more strongly.

Housing prices continued to rise in 2017. Price exaggerations in German towns and cities were between 15% and 30% and in the big cities they were as high as 35%, according to the latest Bundesbank Monthly Report.

The finance ministers and central bank governors of the G20 countries will be meeting in Baden-Baden on 17 and 18 March. Federal Finance Minister Wolfgang Schäuble and Bundesbank President Jens Weidmann will report on the outcomes of the meeting at a press conference to be held afterwards.