Germany house and commercial property prices and indicators, annual

Name: Germany house and commercial property prices and indicators, annual
Creator: Deutsche Bundesbank
License: https://creativecommons.org/licenses/by/4.0/

Annual averages for the German property market: residential price indices by region and type of dwelling, office and retail price indices, and the rent, yield, affordability and turnover indicators the Bundesbank publishes with them.

Source: Deutsche BundesbankLast updated: Sep 14, 2026, 11:24Curated by Bui Thanh PhucAbout this data ↓

Indicator	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995	1994	1993	1992	1991
Residential: price indices3
House price index Statistisches Bundesamt (Destatis)2
Total2	100	96.9	98.4	107.5	101.4	90.8	84.3	79.7	74.7	70.4	65.5	62.5	60.6	58.8	56.9	54.9	54.4	53.9	53.2	54.4	54.6	54	54.8	54.6	55.3	55.3
Existing housing	100	96.9	98.9	109.1	102.9	91.6	84.8	79.8	74.8	70.3	65.4	62.4	60.6	58.6	56.7	54.9	54.4	54.3	53.7	55.3	55.4	54.7	55.7	55.4	56.3	56
New housing	100	97.1	96.6	99.1	93.4	87	81.9	79.3	74.5	71.3	66.7	63.2	60.9	60.2	58.6	55.7	54.5	51.6	50.3	49.3	49.8	49.8	49.5	49.6	49.9	50.9
Total (Index 2015=100)2	152.7	148	150.3	164.1	154.7	138.7	128.7	121.7	114.1	107.5	100	95.5	92.6	89.8	86.8	83.9	83	82.3	81.2	83	83.3	82.3	83.6	83.3	84.4	84.4
Existing housing (Index 2015=100)	153.1	148.2	151.3	167	157.5	140.2	129.8	122.2	114.5	107.6	100	95.6	92.8	89.7	86.7	83.9	83.2	83.2	82.2	84.6	84.9	83.6	85.3	84.8	86.2	85.8
New housing (Index 2015=100)	149.8	145.7	145	148.7	140	130.4	122.9	118.9	111.8	106.9	100	94.8	91.4	90.3	87.8	83.6	81.6	77.4	75.4	73.9	74.6	74.7	74.3	74.4	74.8	76.3
Residential property price index Deutsche Bundesbank3
7 large cities2
Housing-stock-based weighting1
Owner-occupied apartments and houses; housing-stock-based property and regional weighting., 7 large cities - Bundesbank calculation4	94	93.1	94.7	100	94.4	87.1	80.9	75.8	69.4	63.9	58.2	53.8	50.5	46.3	42.7	39.9	38.5	38.2	37.6	37.1	36.7	37
Houses (all); housing-stock-based property and regional weighting, 7 large cities - Bundesbank calculation3	93.9	93.7	94.7	100	93.4	85.5	79.2	74.1	67.9	64.2	60.4	57	53.2	49.9	46.7	44.8	43.5	43.2	42.8	42.4	42.3	42.1
Re-occupied single-family detached homes; housing-stock-based property and regional weighting, 7 large cities - Bundesbank calculation	92.2	92.3	94.2	100	92.9	84.4	78.8	73.8	68.4	65.1	62.1	59.2	55.6	51.5	47.5	46.1	45.4	45.5	44.9	44.6	44.3	44.1
Terraced housing (all); housing-stock-based property and regional weighting, 7 large cities - Bundesbank calculation2	95.8	95.3	95.3	100	93.8	86.6	79.7	74.4	67.5	63.3	58.5	54.5	50.6	48.2	45.7	43.3	41.4	40.7	40.4	39.9	40	39.8
New terraced housing; housing-stock-based property and regional weighting, 7 large cities - Bundesbank calculation	102.9	100.9	100.2	100	92.7	85.1	77.7	72.5	64.9	59.2	54	50.7	46.6	44	41.9	39.9	38.5	37.4	37.4	37	36.7	36.8
Re-occupied terraced housing; housing-stock-based property and regional weighting, 7 large cities - Bundesbank calculation	94.3	94.1	94.3	100	94	86.9	80.1	74.7	68	64	59.4	55.3	51.3	49	46.4	44	41.9	41.3	41	40.5	40.6	40.3
Re-occupied houses; housing-stock-based property and regional weighting, 7 large cities - Bundesbank calculation	93.1	93.1	94.2	100	93.4	85.5	79.4	74.2	68.2	64.6	60.9	57.5	53.7	50.4	47	45.2	43.9	43.7	43.2	42.8	42.7	42.5
Owner-occupied apartments and houses (first-time occupancy); housing-stock-based property and regional weighting., 7 large cities - Bundesbank calculation	100.6	98.9	98.9	100	94.7	88.2	82.4	76.2	69.6	63.3	58.2	53.9	50.9	47.3	44.1	40.3	38.4	37.2	37	36.4	35.9	35.6
Owner-occupied apartments and houses (repeat occupancy); housing-stock-based property and regional weighting., 7 large cities - Bundesbank calculation	92.9	92.2	94	100	94.3	87	80.6	75.8	69.3	64	58.2	53.8	50.5	46.1	42.5	39.8	38.5	38.3	37.7	37.2	36.8	37.2
Owner-occupied apartments (all); housing-stock-based property and regional weighting, 7 large cities - Bundesbank calculation2	94	92.7	94.7	100	95	88.1	81.8	76.8	70.2	63.7	56.9	52	49	44.2	40.4	37.1	35.6	35.3	34.6	34	33.5	34.1
New owner-occupied apartments; housing-stock-based property and regional weighting, 7 large cities - Bundesbank calculation	99.9	98.4	98.5	100	95.2	89.1	83.6	77.2	70.9	64.4	59.3	54.7	52	48.2	44.7	40.4	38.4	37.2	36.9	36.3	35.7	35.3
Re-occupied owner-occupied apartments; housing-stock-based property and regional weighting, 7 large cities - Bundesbank calculation	92.8	91.6	93.9	100	94.9	87.9	81.5	76.8	70.1	63.6	56.5	51.5	48.4	43.4	39.6	36.5	35.1	34.9	34.2	33.6	33.1	33.8
Transaction-based weighting1
Owner-occupied apartments and houses; transaction-based property and regional weighting., 7 large cities - Bundesbank calculation4	94.4	93.3	95	100	94.3	87.2	81	76	69.2	63.5	57.3	52.7	49.6	45.1	41.5	38.5	37.1	36.7	36.2	35.6	35.1	35.6
Houses (all); transaction-based property and regional weighting, 7 large cities - Bundesbank calculation3	94	93.7	94.7	100	93.5	85.5	79.2	74.1	68	64.3	60.5	57.1	53.3	50.2	47	45.2	43.9	43.6	43.2	42.8	42.7	42.5
Re-occupied single-family detached homes; transaction-based property and regional weighting, 7 large cities - Bundesbank calculation	92.2	92.2	94	100	93.2	84.5	78.9	74	68.8	65.6	62.5	59.6	55.8	51.9	48	46.6	45.9	45.9	45.3	45	44.8	44.7
Re-occupied houses; transaction-based property and regional weighting, 7 large cities - Bundesbank calculation	93.2	93.1	94.2	100	93.6	85.5	79.4	74.2	68.3	64.8	61	57.6	53.9	50.7	47.4	45.6	44.3	44.1	43.6	43.3	43.2	43
Terraced housing (all); transaction-based property and regional weighting, 7 large cities - Bundesbank calculation2	95.8	95.3	95.4	100	93.9	86.6	79.6	74.2	67.2	63	58.2	54.4	50.7	48.3	45.9	43.6	41.7	41	40.8	40.4	40.4	40.2
New terraced housing; transaction-based property and regional weighting, 7 large cities - Bundesbank calculation	102.5	100.5	99.9	100	92.9	85.3	77.6	72.5	65	59.7	54.5	51.1	47.1	44.6	42.5	40.6	39.1	38	38.1	37.7	37.5	37.6
Re-occupied terraced housing; transaction-based property and regional weighting, 7 large cities - Bundesbank calculation	94.5	94.3	94.5	100	94.1	86.9	80	74.6	67.7	63.7	59.1	55.1	51.4	49.1	46.6	44.3	42.3	41.7	41.4	41	41.1	40.8
Owner-occupied apartments and houses (first-time occupancy); transaction-based property and regional weighting., 7 large cities - Bundesbank calculation	100.3	98.6	98.6	100	94.6	88.2	83	76.7	70	63.1	58.1	53.8	51	47.3	43.9	39.9	38	36.8	36.5	36	35.5	35.1
Owner-occupied apartments and houses (repeat occupancy); transaction-based property and regional weighting., 7 large cities - Bundesbank calculation	93.4	92.3	94.3	100	94.2	87	80.6	75.8	69.1	63.6	57.2	52.5	49.4	44.8	41.1	38.2	36.9	36.7	36.1	35.6	35.1	35.6
Owner-occupied apartments (all); transaction-based property and regional weighting, 7 large cities - Bundesbank calculation2	94.6	93.2	95.1	100	94.5	87.7	81.5	76.5	69.6	63.3	56.4	51.4	48.5	43.7	40	36.6	35.1	34.8	34.2	33.6	33	33.6
New owner-occupied apartments; transaction-based property and regional weighting, 7 large cities - Bundesbank calculation	100	98.3	98.4	100	94.8	88.6	83.6	77.2	70.6	63.6	58.6	54.2	51.5	47.6	44.1	39.8	37.8	36.6	36.3	35.8	35.2	34.8
Re-occupied owner-occupied apartments; transaction-based property and regional weighting, 7 large cities - Bundesbank calculation	93.5	92.1	94.4	100	94.4	87.5	80.9	76.3	69.3	63.2	56	50.9	48	43	39.2	36	34.6	34.5	33.8	33.2	32.6	33.4
127 cities2
Housing-stock-based weighting1
Owner-occupied apartments and houses; housing-stock-based property and regional weighting., 127 cities4	95.2	94.1	95.3	100	94.4	87.7	82.2	77.3	71.4	65.9	60.9	57	54	50.6	47.7	45.4	44.4	44.3	44	43.6	43.6	44.2
Houses (all); housing-stock-based property and regional weighting, 127 cities3	95.6	94.9	95.8	100	94	87.1	81.6	76.8	71.4	67.3	63.7	60.3	57.1	54.3	52	50.4	49.6	49.6	49.4	49.2	49.4	49.7
Re-occupied single-family detached homes; housing-stock-based property and regional weighting, 127 cities	94.8	94.3	95.6	100	94	87	81.7	76.9	71.8	68	64.7	61.5	58.5	55.5	53	51.5	50.8	50.7	50.6	50.5	50.7	51.2
Terraced housing (all); housing-stock-based property and regional weighting, 127 cities2	96.5	95.5	96	100	94.1	87.3	81.6	76.7	70.9	66.6	62.6	59	55.8	53.1	51	49.3	48.4	48.3	48.2	47.8	47.9	48.1
New terraced housing; housing-stock-based property and regional weighting, 127 cities	102.2	100	99.3	100	93.7	87.1	81.3	76.6	70.6	65.7	61.2	57.6	54.3	51.4	49.2	47.4	46.3	45.8	45.5	45.2	45.3	45.6
Re-occupied terraced housing; housing-stock-based property and regional weighting, 127 cities	95.3	94.6	95.4	100	94.1	87.3	81.6	76.7	71	66.8	62.8	59.2	56	53.4	51.3	49.6	48.7	48.8	48.7	48.3	48.4	48.5
Re-occupied houses; housing-stock-based property and regional weighting, 127 cities	95.1	94.4	95.5	100	94.1	87.1	81.7	76.8	71.4	67.5	63.8	60.5	57.4	54.6	52.2	50.7	49.9	49.9	49.8	49.5	49.7	50
Owner-occupied apartments and houses (first-time occupancy); housing-stock-based property and regional weighting., 127 cities	101.1	99.2	99	100	94.6	88.6	83.5	78.1	72.2	66.2	61.1	56.9	53.8	50.4	47.3	44.4	42.8	42	41.6	41.2	40.9	40.7
Owner-occupied apartments and houses (repeat occupancy); housing-stock-based property and regional weighting., 127 cities	94.2	93.3	94.8	100	94.4	87.6	82	77.2	71.3	65.9	60.9	57	54	50.6	47.7	45.5	44.6	44.6	44.4	44	44	44.7
Owner-occupied apartments (all); housing-stock-based property and regional weighting, 127 cities2	94.8	93.4	95	100	94.7	88.2	82.6	77.7	71.4	64.7	58.7	54.3	51.4	47.5	44.1	41.3	40.1	40	39.6	39.1	39	39.8
New owner-occupied apartments; housing-stock-based property and regional weighting, 127 cities	100.7	98.9	98.8	100	94.9	89.1	84.3	78.6	72.8	66.3	61	56.7	53.6	50	46.7	43.3	41.5	40.6	40.2	39.8	39.3	38.9
Re-occupied owner-occupied apartments; housing-stock-based property and regional weighting, 127 cities	93.5	92.2	94.1	100	94.6	88	82.2	77.5	71.1	64.4	58.3	53.8	50.9	47	43.6	40.9	39.8	39.8	39.5	38.9	38.9	40
Transaction-based weighting1
Owner-occupied apartments and houses; transaction-based property and regional weighting., 127 cities4	95.3	94.1	95.4	100	94.3	87.7	82.1	77.3	71.2	65.4	60	55.8	52.8	49.1	46	43.4	42.3	42.2	41.9	41.4	41.3	41.9
Houses (all); transaction-based property and regional weighting, 127 cities3	95.7	95	95.9	100	94.1	87.2	81.8	77	71.6	67.6	63.9	60.6	57.5	54.8	52.5	51	50.1	50.1	49.9	49.7	49.9	50.2
Re-occupied single-family detached homes; transaction-based property and regional weighting, 127 cities	94.9	94.4	95.6	100	94.1	87	81.8	77	72	68.3	64.9	61.8	58.7	55.9	53.4	52	51.3	51.2	51	51	51.2	51.7
Re-occupied houses; transaction-based property and regional weighting, 127 cities	95.2	94.6	95.6	100	94.1	87.2	81.8	77	71.7	67.7	64.1	60.8	57.7	55	52.7	51.2	50.4	50.4	50.3	50.1	50.2	50.5
Terraced housing (all); transaction-based property and regional weighting, 127 cities2	96.5	95.6	96.1	100	94	87.3	81.7	76.9	71.2	66.9	62.9	59.3	56.3	53.6	51.5	49.9	49	48.9	48.8	48.4	48.5	48.6
New terraced housing; transaction-based property and regional weighting, 127 cities	102	99.8	99.2	100	93.7	87.1	81.4	76.8	71	66.3	61.8	58.3	55	52.2	50.1	48.2	47.1	46.5	46.3	45.9	46.1	46.3
Re-occupied terraced housing; transaction-based property and regional weighting, 127 cities	95.5	94.8	95.5	100	94.1	87.4	81.8	77	71.2	67	63.1	59.5	56.5	53.9	51.8	50.2	49.3	49.3	49.3	48.9	49	49
Owner-occupied apartments and houses (first-time occupancy); transaction-based property and regional weighting., 127 cities	101.2	99.2	99	100	94.5	88.4	83.6	78.1	72.1	65.7	60.7	56.4	53.4	49.8	46.6	43.3	41.6	40.7	40.4	40	39.5	39.3
Owner-occupied apartments and houses (repeat occupancy); transaction-based property and regional weighting., 127 cities	94.3	93.2	94.8	100	94.2	87.5	81.8	77.1	71	65.3	59.9	55.6	52.7	49	45.9	43.4	42.4	42.4	42.1	41.7	41.6	42.3
Owner-occupied apartments (all); transaction-based property and regional weighting, 127 cities2	95.1	93.7	95.2	100	94.4	87.9	82.3	77.4	71	64.4	58.2	53.6	50.7	46.6	43.1	40	38.8	38.7	38.2	37.7	37.4	38.2
New owner-occupied apartments; transaction-based property and regional weighting, 127 cities	101.1	99.1	99	100	94.7	88.6	84.1	78.3	72.3	65.6	60.4	56.1	53	49.3	45.9	42.4	40.5	39.6	39.2	38.8	38.2	37.8
Re-occupied owner-occupied apartments; transaction-based property and regional weighting, 127 cities	93.8	92.5	94.4	100	94.3	87.7	81.9	77.2	70.6	64.1	57.7	53.1	50.1	46	42.4	39.6	38.4	38.5	38	37.5	37.2	38.2
Germany: administrative districts2
Housing-stock-based weighting1
Owner-occupied apartments and houses; housing-stock-based property and regional weighting., Germany: Administrative districts4	99.1	97.8	97.8	100	94.3	87.1	81.3	75.8	70.1	65.5	60.7	57	54.3	52	50.2	49.2	48.7	49.2	49.4	49.5	49.9	50.5
Houses (all); housing-stock-based property and regional weighting, Germany: Administrative districts1	100.3	99.1	98.5	100	94.1	86.7	80.8	75.2	69.6	65.8	61.3	58.1	55.7	53.8	52.5	52	51.6	52	52.2	52.4	52.9	53.5
Re-occupied houses; housing-stock-based property and regional weighting, Germany: Administrative districts	100.3	99	98.5	100	94.1	86.7	80.8	75.2	69.6	65.8	61.4	58.1	55.7	53.8	52.5	52.1	51.7	52.1	52.3	52.5	53.1	53.6
Owner-occupied apartments and houses (first-time occupancy); housing-stock-based property and regional weighting., Germany: Administrative districts	102.6	100.2	99.4	100	94.9	88.9	83.7	78.5	72.9	67.4	62	57.2	53.6	50.2	47.2	44.9	43.6	43.3	43.3	43	42.8	42.7
Owner-occupied apartments and houses (repeat occupancy); housing-stock-based property and regional weighting., Germany: Administrative districts	98.9	97.7	97.6	100	94.3	87	81.1	75.7	69.9	65.4	60.6	57	54.4	52.1	50.4	49.5	49.1	49.6	49.8	50	50.4	51.1
Owner-occupied apartments (all); housing-stock-based property and regional weighting, Germany: Administrative districts2	96.7	95.3	96.2	100	94.9	88	82.2	77.2	71.1	65	59.3	54.7	51.5	48.2	45.5	43.5	42.9	43.6	43.8	43.7	43.8	44.5
New owner-occupied apartments; housing-stock-based property and regional weighting, Germany: Administrative districts	102.5	100.2	99.3	100	95.2	89.3	84.2	78.9	73.4	67.8	62.3	57.3	53.6	50.2	47.1	44.7	43.4	43.1	43.1	42.9	42.6	42.4
Re-occupied owner-occupied apartments; housing-stock-based property and regional weighting, Germany: Administrative districts	95.4	94.2	95.5	100	94.8	87.7	81.8	76.8	70.6	64.4	58.7	54.2	51	47.8	45.1	43.3	42.8	43.7	44	43.9	44	44.9
Transaction-based weighting1
Owner-occupied apartments and houses; transaction-based property and regional weighting., Germany: Administrative districts4	98.9	97.6	97.6	100	94.3	87	81.2	75.9	70.1	65.2	60.2	56.3	53.5	50.9	48.9	47.6	47	47.5	47.6	47.6	47.9	48.4
Houses (all); transaction-based property and regional weighting, Germany: Administrative districts1	100.4	99.2	98.5	100	94	86.4	80.3	74.9	69.4	65.6	61.2	58	55.6	53.7	52.4	51.9	51.5	51.8	52	52.3	52.8	53.3
Re-occupied houses; transaction-based property and regional weighting, Germany: Administrative districts	100.4	99.2	98.5	100	94	86.3	80.3	74.9	69.4	65.6	61.2	58	55.6	53.7	52.4	52	51.5	51.9	52.1	52.4	52.9	53.4
Owner-occupied apartments and houses (first-time occupancy); transaction-based property and regional weighting., Germany: Administrative districts	102.4	100.2	99.4	100	94.8	88.8	83.8	78.6	72.8	67.1	61.8	57	53.5	49.9	46.8	44.1	42.7	42.3	42.2	41.9	41.6	41.4
Owner-occupied apartments and houses (repeat occupancy); transaction-based property and regional weighting., Germany: Administrative districts	98.6	97.4	97.4	100	94.2	86.9	80.9	75.6	69.8	65	60	56.2	53.5	50.9	49	47.9	47.4	47.9	48	48.1	48.4	49
Owner-occupied apartments (all); transaction-based property and regional weighting, Germany: Administrative districts2	96.9	95.5	96.4	100	94.7	87.9	82.2	77.1	70.9	64.8	58.9	54.1	50.9	47.3	44.3	42	41.3	41.7	41.8	41.5	41.5	42.1
New owner-occupied apartments; transaction-based property and regional weighting, Germany: Administrative districts	102.4	100.2	99.4	100	95	89	84.1	78.8	73.1	67.2	61.9	57	53.4	49.8	46.5	43.8	42.4	42	41.8	41.6	41.2	41
Re-occupied owner-occupied apartments; transaction-based property and regional weighting, Germany: Administrative districts	95.6	94.4	95.7	100	94.6	87.6	81.7	76.7	70.4	64.1	58.2	53.4	50.3	46.7	43.7	41.6	41	41.6	41.7	41.5	41.4	42.2
Verband deutscher Pfandbriefbanken3
Index for owner occupied housing, owner-occupied houses	97	94.7	96.1	100	91.6	82.4	76.5	71.5	66.1	62.7	59.2	56.6	54.8	53.5	52	51.1	50.7	51.4	49.3	49.4	49.2	47.5	47.2
Index for owner occupied housing, owner-occupied apartments	96	93.1	95.1	100	92.3	82.7	77.5	73.2	69.2	64.7	60.8	58.5	56.7	54.1	52.1	50	49.9	48.9	49.1	49.2	49.3	47.5	47.1
Index for owner occupied housing, owner-occupied housing	96.8	94.4	95.9	100	91.8	82.4	76.7	71.9	66.7	63.1	59.5	57	55.2	53.6	52.1	50.8	50.5	50.9	49.2	49.3	49.2	47.5	47.2
Residential: market indicators3
Financial Indicators4
Debt of German households as a percentage of GDP	47.95	48.81	50.06	52.14	53.63	54.45	51.32	50.61	50.97	51.54	51.92	52.75	54.3	55.18	55.66	58.08	60.84	58.89	60.69	64.19	66.67	67.65	68.95	68.67	68.84	69.51	68.34
Loans of German households for house purchase as a percentage of GDP	37.24	37.76	38.52	39.87	40.46	40.37	37.48	36.72	36.74	36.84	36.86	37.12	37.9	38.02	38.22	39.79	41.56	40.21	41.33	43.36	44.33	44.63	45.08	44.52	43.93	43.81	42.25
Debt of German households as a percentage of disposable income	81.56	82.67	86.19	90.19	93.39	91.76	88.91	87.31	88.94	89.4	89.75	90.87	92.38	92.88	93.9	96.21	98.18	98.06	101.28	104	105.96	108.08	109.75	111.6	111.46	114.08	111.28
Loans of German households for house purchase as a percentage of disposable income	63.35	63.96	66.32	68.96	70.45	68.03	64.92	63.36	64.11	63.91	63.72	63.94	64.47	64	64.48	65.92	67.07	66.95	68.98	70.26	70.45	71.3	71.75	72.36	71.13	71.9	68.8
Price Indicators16
Residential property price index BBK, Owner-occupied apartments and houses; transaction-based property and regional weighting., 127 cities, unadjusted	219.6	216.8	219.8	230.4	217.3	202.1	189.2	178.1	164.1	150.7	138.2	128.6	121.7	113.1	106	100	97.5	97.2	96.5	95.4	95.2	96.5
Residential property price index BBK, Owner-occupied apartments and houses; transaction-based property and regional weighting., Germany: Adm. districts, unadjusted	207.8	205	205	210.1	198.1	182.8	170.6	159.5	147.3	137	126.5	118.3	112.4	106.9	102.7	100	98.7	99.8	100	100	100.6	101.7
Residential property price index BBK, Owner-occupied apartments and houses; transaction-based property and regional weighting., 7 large cities, unadjusted	245.2	242.3	246.8	259.7	244.9	226.5	210.4	197.4	179.7	164.9	148.8	136.9	128.8	117.1	107.8	100	96.4	95.3	94	92.5	91.2	92.5
Verband deutscher Pfandbriefbanken, Index for owner occupied housing, unadjusted	190.6	185.8	188.8	196.9	180.7	162.2	151	141.5	131.3	124.2	117.1	112.2	108.7	105.5	102.6	100	99.4	100.2	96.9	97	96.9	93.5
Statistisches Bundesamt (Destatis), House price index, unadjusted	182.1	176.5	179.2	195.8	184.7	165.4	153.6	145.2	136.1	128.2	119.3	113.8	110.4	107.1	103.6	100	99.1	98.2	96.9	99.1	99.5	98.4
Hypoport AG, Overall index, unadjusted	222	216.5	213.9	223.3	207.3	183.8	165.5	151.3	141.7	133.4	123.5	117	113.9	108.6	103.4	100	97.5	99.5	99.4	101.3	100.8
Bulwiengesa AG, German Property Index, existing housing, Capital Growth, 127 cities, unadjusted	323.8	339.9	360.9	377.7	350.2	321.8	291.7	254.5	215.1	181.1	157.9	142.1	129	116.7	106.2	100	96.3	93.2	90.5	89.1	89.6	91.3	95.1
Bulwiengesa AG, German Property Index, new housing, Capital Growth, 127 cities, unadjusted	343.5	351	362.2	367	341.7	312	281.1	247.6	212.7	182.6	160.1	143.9	129.9	117.1	106.6	100	95.9	93.2	91.1	90.5	91.3	93.4	96
Commercial property price index, multi-family dwellings	201.7	196.1	194.6	207.5	203.9	181.3	162.4	142.9	130.9	121.4	113.1	104.6	100
Commercial property price index, multi-family dwellings, 7 large cities	216.8	207.1	202.9	220.8	225.2	203.5	185.9	159.8	143.5	133.1	121.6	107.7	100
Purchase price/annual rent ratio of freehold apartments in Germany (for 7 large cities)	30.6	30.8	32.5	36.2	35.5	33.9	32.3	31.2	29.5	29.1	27.3	25.8	25.3	23.7	22.7	22	21.7	22	22.2	22.2	22.1	22.5
Purchase price/annual rent ratio of freehold apartments in Germany (for 127 cities)	27.1	27.4	28.8	31.7	30.9	29.5	28.3	27.4	26.1	25.3	24.1	23.1	22.6	21.5	20.8	20.3	20.2	20.4	20.7	20.8	20.9	21.4
Purchase price/annual rent ratio of freehold apartments in Germany (administrative districts)	26.1	26.6	27.9	30.4	29.8	28.5	27.3	26.5	25.4	24.5	23.5	22.4	21.9	21	20.4	20	19.9	20.4	20.7	20.9	21.1	21.4
Residential property price index BBK, total rents for owner-occupied apartments; transaction-based property and regional weighting, 7 large cities (A cities) - Bundesbank calculations, unadjusted figures	186.7	182.3	176.3	166.7	160.7	156	152	147.8	142	131.2	124.3	120.3	115.3	111.2	106	100	97.3	95.7	93.2	91.2	90.2	90
Residential property price index Deutsche Bundesbank, total rents for owner-occupied apartments; transaction-based property and regional weighting, 127 cities, unadjusted figures	178	173.2	167.6	159.7	154.6	150.8	147.4	143.3	137.9	128.9	122.2	117.7	113.6	109.9	104.8	100	97.4	96	93.6	91.9	90.9	90.4
Residential property price index Deutsche Bundesbank, total rents for owner-occupied apartments; transaction-based property and regional weighting, Germany: administrative districts, unadjusted figures	176.2	170.4	164.3	156.5	151.2	146.8	143	138.5	132.7	125.7	119.2	114.7	110.6	107.2	103.3	100	98.3	97.3	95.6	94.4	93.6	93.3
Real Economic Indicators2
Housing completions - total number of dwellings	206.6	251.9	294.4	295.3	293.4	306.4	293	287.4	284.8	277.7	247.7	245.3	214.8	200.5	186.1	163.6	164	179.9	217.9	255.6	247.5	282.4	273	293.4	329.6	423	472.6	500.7	578.2	559.5	602.8	572.9	455.5	386.1	331.2
Building permits total number of dwellings	238.06	215.29	259.64	354.16	380.74	368.59	360.49	346.81	347.88	375.39	313.3	285.08	272.43	241.09	231.86	191.27	182.11	178.59	188.34	254.32	247.57	275.46	301.7	279.21	294.96	348.34	437.08	475.71	528.1	576.24	638.63	712.64	606.61	485.37	406.09
Commercial: price indices2
Commercial property price index8
Sub-aggregate multi family houses, RegioStaR 17: Metropolitan urban region: Metropolis: Only seven largest cities	98.2	93.8	91.9	100	102	92.2	84.2	72.4	65	60.3	55.1	48.8	45.3
Cities of supra-regional importance1
Total, RegioStaR Gem5: Cities of supra-regional importance3	91.3	89.1	89.8	100	103.3	98.4	91.3	81	74.9	67.3	61.1	57	54.3
Sub-aggregate office, RegioStaR Gem5: Cities of supra-regional importance	85	84.1	87.4	100	106.2	107.3	99.2	88.2	82.6	71	63.3	62	60.3
Sub-aggregate retail, RegioStaR Gem5: Cities of supra-regional importance	82.8	79.5	86.2	100	105.7	109.8	115.5	115.4	113.3	108.5	101.4	94.1	90.6
Sub-aggregate multi family houses, RegioStaR Gem5: Cities of supra-regional importance	96.9	93.9	91.9	100	100.9	90.5	82.5	71.4	64.3	59.4	54.2	48.6	45.2
Cities of regional importance1
Total, RegioStaR Gem5: Cities of regional importance3	94.4	92.8	94	100	99.4	94.7	84.3	74.8	68.3	61.4	57.6	53.8	52.4
Sub-aggregate office, RegioStaR Gem5: Cities of regional importance	95.5	93.3	94.5	100	101.5	102.3	89.3	76.4	69.3	58.2	51.6	46.3	44
Sub-aggregate retail, RegioStaR Gem5: Cities of regional importance	87.8	87	88.3	100	106.1	111.7	112.8	107.2	99.8	96.5	93.5	92.5	90
Sub-aggregate multi family houses, RegioStaR Gem5: Cities of regional importance	95	93.6	94.9	100	96.2	84.8	74.1	66.4	60.6	56.2	54.6	51.3	50.9
Cities of local importance1
Total, RegioStaR Gem5: Cities of local importance3	95.7	93.5	96.2	100	96.7	91.2	81.7	74	70.7	64.5	61.1	59.2	58
Sub-aggregate office, RegioStaR Gem5: Cities of local importance	91.6	89.2	94.3	100	94.8	91.8	79.5	68.8	65.5	54.7	50.3	48.5	47.9
Sub-aggregate retail, RegioStaR Gem5: Cities of local importance	94	93.6	94.2	100	105.7	108.8	107.2	104	101.1	99.5	97.3	94.1	90.9
Sub-aggregate multi family houses, RegioStaR Gem5: Cities of local importance	99.6	97	98.6	100	94.6	83.6	73.2	66	62.6	58.3	55.1	53.6	52.9
Urban area1
Total, RegioStaR Gem5: Urban area3	93.6	91	91.4	100	96.6	92.5	83.6	75.5	73.4	65.3	61.2	58.6	57.7
Sub-aggregate office, RegioStaR Gem5: Urban area	91.6	89.1	90.7	100	95.7	96.8	85.4	72.8	70.6	55.8	50.2	46.3	47.2
Sub-aggregate retail, RegioStaR Gem5: Urban area	88.2	88.3	89.6	100	102	100.3	99	99.2	101	98.5	97.4	96	92.2
Sub-aggregate multi family houses, RegioStaR Gem5: Urban area	99.1	94.7	93.1	100	94.8	82.9	72.8	65.5	61.4	58.2	54.1	52.5	50.9
Village area1
Total, RegioStaR Gem5: Village area3	91.8	89.4	92.7	100	97	91.2	84.8	77.3	74.9	71.3	67.1	61	59
Sub-aggregate office, RegioStaR Gem5: Village area	89.8	87.8	92	100	92.3	87.1	78.5	65.9	62.5	57.7	52.8	43.2	42.5
Sub-aggregate retail, RegioStaR Gem5: Village area	90.2	87.7	91.2	100	107.6	106.9	106.7	107.2	107.8	105.5	101.2	97.3	92.7
Sub-aggregate multi family houses, RegioStaR Gem5: Village area	96.7	93.4	95	100	94.2	82.2	73.2	66	62.4	59.2	56.4	53.8	52.1
Total excluding Cities of supra-regional importance1
Total, RegioStaR Gem5: Total excluding Cities of supra-regional importance3	94.5	92.4	94.1	100	97.6	92.7	83.3	74.9	70.8	64.2	60.5	57.4	56.1
Sub-aggregate office, RegioStaR Gem5: Total excluding Cities of supra-regional importance	92.8	90.5	93.3	100	97	96.1	84.1	72.1	67.7	56.4	51	46.7	45.9
Sub-aggregate retail, RegioStaR Gem5: Total excluding Cities of supra-regional importance	90.6	89.9	91.3	100	105.1	106.9	106.3	103.9	101.8	99.5	97.1	94.7	91.3
Sub-aggregate multi family houses, RegioStaR Gem5: Total excluding Cities of supra-regional importance	97.6	95.1	95.9	100	95.2	83.9	73.5	66.1	61.6	57.5	54.8	52.5	51.7
Total2	92.9	90.8	92	100	100.4	95.4	87.2	77.9	72.8	65.7	60.7	57.2	55.2
Sub-aggregate office and retail2	88.9	87.3	90.3	100	102.3	102.9	95.4	86.2	81.9	72.5	66.7	63.6	61.8
Sub-aggregate office	89.1	87.4	90.5	100	101.4	101.5	91.3	79.8	74.8	63.4	56.9	54	52.7
Sub-aggregate retail	88.4	87	89.9	100	105.3	107.7	108.8	107.1	105	101.9	98.3	94.5	91.1
Sub-aggregate multi family houses	97.2	94.5	93.8	100	98.3	87.4	78.3	68.9	63.1	58.5	54.5	50.4	48.2
Commercial property price index bulwiengesa AG6
Office, Capital Growth, 7 large cities - Bundesbank calculation	79.8	77.9	81.4	100	108.9	101.3	99.9	85.5	75.2	62.1	50	43.4	40.9	38.9	36.3	33	32.3	35.5	36.8	33.2	28.4	27.8	31.2	35.9	44.8	44.8	38.2	34.9	32	32.2	35.2
Office, retail, Capital Growth, 7 large cities - Bundesbank calculation	77.7	77.9	82.9	100	107.3	114.5	119.2	110.7	104	88.9	79.2	71	64	58.9	55.6	51.6	49.4	48.7	49	45.5	39.7	37.6	38	41.3	43.6	40.9	37.2	35.3	33.6	34.2	37.2
Retail, Capital Growth, 7 large cities - Bundesbank calculation	76.5	77.9	83.6	100	106.6	121.6	129.8	124.9	120.3	104	96	87	77.4	70.6	66.9	62.3	59.4	56.9	56.8	53.2	46.7	43.8	43	46	46.2	42.4	39.5	38	36.7	37.5	40.8
Office, Capital Growth, 127 cities	87.2	86.2	89.2	100	103.3	96.7	93.4	81.5	72.9	63.5	55.4	50	47.4	45.4	43.3	40.8	40	41.2	41.3	38.8	36.3	36.8	40	43.9	48.6	48.4	44.8	43.7	43.4	45.5	49.6
Office, retail, Capital Growth, 127 cities	80.4	82.5	88.1	100	107.4	112.5	115.9	110.1	104.4	94.4	87.4	81.6	76.9	73.5	70.7	67.5	65.5	64.6	64	60.8	57.4	57.1	59	62.6	64.9	63.7	61.6	61.1	61.4	63.6	67.9
Retail, Capital Growth, 127 cities	77.1	80.6	87.5	100	109.5	121.1	128.3	126.7	122.6	112.4	106.2	100.3	94.3	90	86.8	83.2	80.6	78.5	77.5	73.8	69.9	69.3	70.6	74	75.2	73.5	72.2	72.1	72.8	74.9	79.5
Commercial: market indicators3
Financial Indicators11
Total mortgage loans to domestic enterprises minus mortgage loans on residential real estate to domestic enterprises, wholesale and retail trade, unadjusted figures	-11.8	-7.1	-3.4	-3.7	-4.1	1.7	1	4	-0.3	-1.9	-2.4	-4	-7.6	-5.4	-4.9	-1.9	-0.3	-2.8	-3.8	-6.3	-7.6	-11.4	-9.8	-7	-5.4	-0.8
Total mortgage loans to domestic enterprises minus mortgage loans on residential real estate to domestic enterprises, other real estate activities, unadjusted figures	-0.6	-2.2	2.1	4	2.9	3.6	2	4.8	5.6	1.5	0.6	-1.8	-1.1	-0.9	0.2	2.8	0.5	-2.8	-4.3	1.2	2.2	2.2	2.1	5.6	3.2	8.9
Total mortgage loans to domestic enterprises minus mortgage loans on residential real estate to domestic enterprises, services sector excluding other real estate activities, unadjusted figures	2.8	2.9	5.9	2.4	1.7	8.8	9.8	7	6.1	2.7	-1.4	0.9	0.8	1.7	1.3	-3.2	-2.2	0.3	-0.6	-2.6	-3.4	-1	0.7	0.8	3.8	3.7
Loans to domestic borrowers entailing commercial property risk by economic sector, construction sector excluding civil engineering, unadjusted	-1.6	-1.9	2	9.4	7.7	7.9	82.4	10.6	7.9	5.4	15.5	4.5	0.5	4.5	-0.5	-3.9	2.1	4	-2.8	-8.8	-8.7	-9.4
Loans to domestic borrowers entailing commercial property risk by economic sector, housing enterprises, unadjusted	2.5	1	2.3	6.3	9.6	7.7	26.4	6.8	5	4.4	6.9	3.4	3.6	3	1.4	-0.7	0.3	-1.1	-1.6	-4.5	-2	-1.5
Loans to domestic borrowers entailing commercial property risk by economic sector, other real estate activities, unadjusted	0	-1.5	0	3.7	3.7	3.4	22.6	3	-0.3	-0.5	-0.3	-0.7	-3.8	1	-2.9	-0.7	0	-1.1	-5.1	-2.2	-1.1	-1.6
Loans to foreign borrowers entailing commercial property risk by economic sector, construction sector excluding civil engineering, unadjusted	11.5	0.7	5	-0.5	0.1	-7.4	52.4	10.7	-4.6	-5	-0.4	-18.6	-16.2	-6.4	-11	-5.5	3.3	48.8	7.1	26.4	17.7	0.6
Loans to foreign borrowers entailing commercial property risk by economic sector, housing enterprises, unadjusted	-8.1	-3.8	-1.2	4.7	6.3	2.1	19.2	0.9	-6.8	-4.3	6.8	-12	-13	1.5	-13.9	0.6	2.8	24.5	33.7	25.8	2.1	-3.7
Loans to foreign borrowers entailing commercial property risk by economic sector, other real estate activities, unadjusted	-2.9	0	1.8	7.4	4.6	2.8	27	5	-1	5	5.4	-9.9	-14.5	-0.5	-12.5	-1.5	2.9	17.7	18.6	14.9	20.6	7.1
Loans by domestic credit institutions entailing commercial property risk, domestic borrowers, unadjusted	1	-0.3	1.5	5.8	7.2	6.1	30.6	5.6	3	2.4	4.3	1.6	-0.2	2.1	-0.9	-0.9	0.3	-0.7	-3.5	-3.7	-2.1	-2.3
Loans by domestic credit institutions entailing commercial property risk, foreign borrowers, unadjusted	-2.4	-0.6	1.6	6.2	4.4	1.6	27.8	4.7	-2.4	2.2	5.2	-11.2	-14.3	-0.8	-12.6	-1.5	3	21.8	20	17.8	16.9	4.3
Price Indicators16
Commercial property price index, total3	168.3	164.5	166.7	181.2	181.9	172.8	158	141.1	131.9	119	110	103.6	100
Commercial property price index, office	169.1	165.8	171.7	189.8	192.4	192.6	173.2	151.4	141.9	120.3	108	102.5	100
Commercial property price index, retail	97	95.5	98.7	109.8	115.6	118.2	119.4	117.6	115.3	111.9	107.9	103.7	100
Commercial property price index, multi family houses	201.7	196.1	194.6	207.5	203.9	181.3	162.4	142.9	130.9	121.4	113.1	104.6	100
Commercial property price index, total, German cities of supra-regional importance3	168.1	164.1	165.4	184.2	190.2	181.2	168.1	149.2	137.9	123.9	112.5	105	100
Commercial property price index, office, German cities of supra-regional importance	141	139.5	144.9	165.8	176.1	177.9	164.5	146.3	137	117.7	105	102.8	100
Commercial property price index, retail, German cities of supra-regional importance	91.4	87.7	95.1	110.4	116.7	121.2	127.5	127.4	125.1	119.8	111.9	103.9	100
Commercial property price index, multi family houses, German cities of supra-regional importance	214.4	207.7	203.3	221.2	223.2	200.2	182.5	158	142.3	131.4	119.9	107.5	100
Commercial property price index, total, Germany excluding cities of supra-regional importance3	168.4	164.7	167.7	178.3	174	165.2	148.5	133.5	126.2	114.4	107.8	102.3	100
Commercial property price index, office, Germany excluding cities of supra-regional importance	202.2	197.2	203.3	217.9	211.3	209.4	183.2	157.1	147.5	122.9	111.1	101.7	100
Commercial property price index, retail, Germany excluding cities of supra-regional importance	99.2	98.5	100	109.5	115.1	117.1	116.4	113.8	111.5	109	106.4	103.7	100
Commercial property price index, multi family houses, Germany excluding cities of supra-regional importance	188.8	183.9	185.5	193.4	184.1	162.3	142.2	127.9	119.1	111.2	106	101.5	100
Bulwiengesa AG commercial property price index, German Property Index, office and retail core properties, capital growth, 127 towns and cities - Bundesbank calculations	119.1	122.2	130.5	148.1	159.1	166.7	171.7	163.1	154.7	139.9	129.5	120.9	113.9	108.9	104.7	100	97	95.7	94.8	90.1	85	84.6	87.4	92.7	96.1	94.4	91.3	90.5	91	94.2	100.6
Bulwiengesa AG commercial property price index, German Property Index, office and retail core properties, capital growth, 120 towns and cities - Bundesbank calculations	104.7	108.7	116.3	127.2	136.1	141.3	144.5	139.3	132.7	124.2	117.9	112.7	108.8	106	102.9	100	97.7	96.1	94.3	90.7	89.7	91.7	95.7	99.9	102	102.5	102.8	104.8	108.7	113.6	120.1
Bulwiengesa AG commercial property price index, German Property Index, office and retail core properties, capital growth, 7 major cities (A cities) - Bundesbank calculations	150.6	151	160.7	193.8	207.9	221.9	231	214.5	201.6	172.3	153.5	137.6	124	114.1	107.8	100	95.7	94.4	95	88.2	76.9	72.9	73.6	80	84.5	79.3	72.1	68.4	65.1	66.3	72.1
Association of German Pfandbrief Banks (Verband deutscher Pfandbriefbanken), index for offices, rents for new lettings	142.5	137.9	134.7	129.9	125.3	126.1	122.3	114.7	108.7	105.3	102.1	101.4	100	103.6	100.2	100	98.1	101.3	100.7	98.9	97.5	98.3
Association of German Pfandbrief Banks (Verband deutscher Pfandbriefbanken), index for retail properties, rents for new lettings	100.3	98.3	95.3	96.9	99.9	101.6	103.5	103.9	103.5	102.2	101.5	101	100	101.2	100.5	100	99.9	99.1	98.8	99.1	98.9	98.2
Association of German Pfandbrief Banks (Verband deutscher Pfandbriefbanken), index for multi family houses, rents for new lettings	166.1	160.1	151.9	142.9	136.3	132	127.9	122.3	116.9	113.1	108.9	104.9	100
Bulwiengesa AG commercial property price index, rents for office and retail core properties, 127 towns and cities - Bundesbank calculations	104.9	105.3	107.4	110.7	112.7	117.5	120.4	120.3	118.4	116.5	114.6	111.7	109.2	106	102.9	100	99.2	97.6	93.9	90.3	87.9	88	90.5	94.5	97	94.4	91.9	91.3	91.8	94.9	100.9
Bulwiengesa AG commercial property price index, rents for office and retail core properties, 120 towns and cities - Bundesbank calculations	93.1	93.8	96	99.4	102.6	106.5	109.1	110	109.7	109	108.3	106.9	105.8	104	102.1	100	98.5	96.3	93.2	90.7	90.4	91.9	94.5	97.4	98.9	98.9	99.1	100.7	104	108.4	114.1
Bulwiengesa AG commercial property price index, rents for office and retail core properties, 7 major cities (A cities) - Bundesbank calculations	130.6	129.8	128.1	129.7	126.6	132.2	137.2	133.2	131.8	129.7	127	121.9	116.5	109.6	104.5	100	100.5	99.5	95.2	91.2	85.3	82.5	84.3	90	94.7	87.3	81.1	77.4	74.2	75.4	81.8
Bulwiengesa AG commercial property price index, net initial yields for office and retail core properties, 127 towns and cities - Bundesbank calculations	5.2	5.1	4.9	4.4	4.2	4.2	4.2	4.4	4.5	4.9	5.3	5.5	5.7	5.8	5.8	5.9	6.1	6.1	5.9	6	6.1	6.2	6.1	6.1	6	5.9	6	6	6	6	6
Bulwiengesa AG commercial property price index, net initial yields for office and retail core properties, 120 towns and cities - Bundesbank calculations	5.8	5.7	5.4	5.1	5	4.9	5	5.2	5.4	5.8	6	6.2	6.4	6.4	6.5	6.6	6.6	6.6	6.5	6.6	6.6	6.6	6.5	6.4	6.4	6.3	6.3	6.3	6.3	6.3	6.2
Bulwiengesa AG commercial property price index, net initial yields for office and retail core properties, 7 major cities (A cities) - Bundesbank calculations	4.1	4.1	3.8	3.2	2.9	2.8	2.8	3	3.1	3.6	3.9	4.2	4.5	4.6	4.6	4.8	5	5	4.8	4.9	5.3	5.4	5.5	5.4	5.3	5.2	5.4	5.4	5.4	5.4	5.4
Bulwiengesa AG commercial property price index, net initial yield differential for office and retail core properties between 120 towns and cities and 7 major cities (A cities) - Bundesbank calculations	1.7	1.6	1.6	1.9	2.1	2.1	2.2	2.2	2.3	2.2	2.1	2	1.9	1.8	1.9	1.8	1.6	1.6	1.7	1.7	1.3	1.2	1	1	1.1	1.1	0.9	0.9	0.9	0.9	0.8
Real Economic Indicators12
Building permit index - floor space, total (including construction work on existing buildings) - non-residential buildings (including office and administrative buildings as well as wholesale and retail buildings and warehouses)	94.6	104.1	109.2	138.1	139.8	135.2	129.7	127.7	119.6	124.2	114	107	112	114.8	117.2	100	101.9	138.7	126.3	115.4	104.1	102.4	108	125.3	150.8	154.5	153.8	149.2	154.7	160.1	173.6	190.2	192.1	172.9
Building permit index - floor space, total (including construction work on existing buildings) - non-residential buildings (including office and administrative buildings)	119.4	138.1	151.7	190	234.5	208.5	213	194.4	169.2	160.3	134.3	130.6	145.1	135.3	130.4	100	153.3	166.4	151.8	119.7	127.2	145.6	167.3	239.2	296.2	288.3	257.8	239.1	230.9	259.3	327.2	362.5	401.8	365.9
Building permit index - floor space, total (including construction work on existing buildings) - non-residential buildings (including wholesale and retail buildings and warehouses)	89.2	96.7	99.8	126.8	119	119.1	111.3	113.1	108.7	116.3	109.5	101.8	104.8	110.3	114.3	100	90.6	132.6	120.7	114.4	99	92.9	95	100.3	118.9	125.1	131	129.5	137.9	138.3	139.9	152.4	146	130.6
Building permits - floor space, total (including construction work on existing buildings) - non-residential buildings (including office and administrative buildings)	2.62	3.03	3.33	4.17	5.15	4.57	4.67	4.27	3.71	3.52	2.95	2.87	3.18	2.97	2.86	2.19	3.36	3.65	3.33	2.63	2.79	3.19	3.67	5.25	6.5	6.33	5.66	5.25	5.07	5.69	7.18	7.95	8.82	8.03
Building permits - floor space, total (including construction work on existing buildings) - non-residential buildings (wholesale and retail buildings and warehouses)	8.91	9.65	9.97	12.66	11.89	11.89	11.12	11.29	10.86	11.62	10.94	10.17	10.46	11.01	11.41	9.99	9.04	13.24	12.06	11.42	9.88	9.28	9.49	10.02	11.87	12.49	13.08	12.93	13.77	13.81	13.97	15.22	14.58	13.04
Building completions - floor space, total (including construction work on existing buildings) - non-residential buildings (including office and administrative buildings)	2.64	3.36	3.52	3.12	3.51	3.5	3.19	3.12	2.81	2.81	2.85	2.49	2.82	2.33	2.51	2.51	3.01	2.82	2.65	3.5	3.2	3.81	4.67	5.57	5.85	5.12	5.18	5.5	6.28	5.95	7.54	7	7.02	5.62
Building completions - floor space, total (including construction work on existing buildings) - non-residential buildings (including wholesale and retail buildings and warehouses)	8.32	9.87	10.22	9.35	9.81	9.58	9.83	9.72	10.43	10.06	9.56	9.57	9.9	10.22	9.19	9.05	10.02	11.47	10.33	10.04	9.12	9.33	9.58	10.62	11.9	12.06	12.48	12.78	13.34	12.85	13.66	14.12	12.75	11.76
Use of GDP, total economy excluding general government, construction investment, non-residential buildings, commercial building constructions, at current prices, percentage of GDP	2	2	2.1	2.2	2.1	2.2	2.1	2.1	2	2	2.1	2.1	2.2	2.2	2.2	2	2.1	2.1	2	1.9	1.9	1.9	2	2.1	2.3	2.4	2.5	2.7	2.8	3	3.2	3.4	3.4	3.4	3.1
Total new orders index for the main construction industry, total, commercial building constructions, at constant prices	108.1	102	109.2	120.4	139.8	125.2	139.6	131.8	133.2	128.6	113.4	116.5	119.5	118.1	110.2	100	95.9	123.4	123.2	113.5	105.7	105.2	111.2	134.9	155.1	157.3	163.8	157.2	160.1	179.6	204.2	211.1	203	208.1
Bulwiengesa AG commercial property price index, offices - vacancy rate, 127 towns and cities - Bundesbank calculations	6.4	5.7	4.8	4.3	4.2	3.7	3.4	3.9	4.5	5.3	5.8	6.4	6.9	7.1	7.6	8.2	8	7.7	7.9	8.4	8.7	8.7	7.9	6.2	4.6	4.6	5.4	5.7	5.8	5.4	4.8
Bulwiengesa AG commercial property price index, offices - vacancy rate, 7 major cities (A cities) - Bundesbank calculations	8.4	7.2	5.6	4.7	4.5	3.5	2.9	3.4	4.1	5.1	5.8	6.8	7.6	8	9	10.1	9.5	8.8	9.1	9.9	10.4	10.6	9.3	6.5	3.5	3.4	4.8	5.6	6.2	6.1	5.5
Bulwiengesa AG commercial property price index, offices - vacancy rate, 120 towns and cities - Bundesbank calculations	4.8	4.5	4.2	4	3.9	3.9	3.9	4.3	4.9	5.4	5.8	6.1	6.3	6.4	6.6	6.7	6.8	6.8	6.9	7.3	7.4	7.2	6.9	6.1	5.5	5.5	5.8	5.8	5.6	4.8	4.2

Latest reading

Total stood at 100 in 2025. That is +3.2% from 2024. The series on this page is annual and runs from 2000 to 2025. Source: Deutsche Bundesbank.

Latest: 100; 2025
vs previous period: +3.2%; 2024