Condominium price index in Munich
Condominium price index in Munich stood at 96.4 in Q2 2026. It is one of the indicators in the vdp property price indices table (Value · Quarterly), with a complete series running from Q1 2003 to Q2 2026. The complete series with an interactive chart, free to download.
This indicator in the vdp property price indices table
| Indicator | Q2-2026 | Q1-2026 | Q4-2025 | Q3-2025 | Q2-2025 | Q1-2025 | Q4-2024 | Q3-2024 | Q2-2024 | Q1-2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Munich | |||||||||||
| Condominiums | 96.4 | 96.2 | 95.9 | 95.4 | 95.1 | 94 | 92.7 | 91.7 | 90.5 | 90.6 | |
| Multi-family capital value | 100 | 99.3 | 98.7 | 97.5 | 97.2 | 95.6 | 93.6 | 92 | 90.6 | 91 |
Understanding condominium price index in Munich
Ownership changes for individual flats in Munich residential buildings constitute the precise scope of this asset-specific series. The metric captures deed sales of privately owned apartments, covering newly built units as well as resales of older flats across the city. It excludes detached and semi-detached single-family houses, commercial retail premises, and whole multi-family residential blocks purchased as unified investment assets. Sibling rows in this table focus on detached houses or whole rental apartment blocks; this series isolates the individual apartment market, reflecting purchases made by private owner-occupiers and retail buy-to-let landlords who acquire single freehold titles.
Year-over-year comparisons provide a much more stable evaluation than period-on-period figures, which can be distorted by quarterly calendar seasonality and the timing of deed registrations. Early quarterly releases are published on a provisional basis and routinely updated across subsequent quarters as final financing documentation is received. Analysts should be cautious when comparing this index with commercial multi-family capital value measures: individual condominium purchases are guided by household mortgage affordability and personal housing preferences, whereas multi-family block purchases depend on institutional rental yields. Hedonic regression prevents distortions by adjusting for floor space, building age, renovation state, and neighborhood quality.
Frequently asked questions
- Are transactions of entire apartment tenement buildings captured here?
- No, the series is confined to individual apartment units sold with separate freehold property deeds.
- How does the series treat newly constructed flats compared to older apartments?
- Both newly built and existing apartments are included, with hedonic regression standardizing for differences in building age, energy condition, and layout.
- Why can condominium price changes differ from multi-family building price changes?
- Condominiums are traded predominantly among private households and retail investors, whereas whole multi-family buildings are priced based on commercial institutional rental cash flows.