German mortgage loans to companies as a share of GDP
German mortgage loans to companies as a share of GDP stood at 4.88% in Q2 2026, according to Deutsche Bundesbank. It is one of the indicators in the Property market (quarterly) 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 Property market (quarterly) table
| Indicator | Q2-2026 | Q1-2026 | Q4-2025 | Q3-2025 | Q2-2025 | Q1-2025 | Q4-2024 | Q3-2024 | Q2-2024 | Q1-2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Financial Indicators | |||||||||||
| Stock of domestic banks' loans for house purchase to domestic companies as a percentage of GDP | 4.88 | 4.9 | 4.95 | 5 | 5.06 | 5.08 | 5.11 | 5.14 | 5.16 | 5.18 | |
| Stock of domestic banks' loans for house purchase to domestic households as a percentage of GDP | 35.17 | 35.35 | 35.45 | 35.59 | 35.64 | 35.68 | 35.84 | 36.09 | 36.21 | 36.28 |
Understanding german mortgage loans to companies as a share of GDP
The outstanding balance of loans issued by domestic banks to corporate entities for the purpose of purchasing residential real estate, expressed as a ratio to nominal gross domestic product. This captures financing provided to property developers, corporate landlords and other commercial enterprises investing in housing. Unlike measures covering the household sector, this metric isolates corporate leverage in the residential property market. It includes only loans granted by banks resident within the country, excluding cross-border lending from foreign institutions without local subsidiaries.
As a ratio to GDP, this series smooths out nominal loan growth by scaling it against the size of the broader economy. Comparing current periods requires examining year-on-year changes to account for seasonal patterns in corporate borrowing and construction cycles. Sudden shifts in the ratio can result from rapid changes in economic output rather than large swings in lending volume, meaning analysts should view the numerator and denominator separately when identifying the driver of a move. Corporate classifications can occasionally shift due to regulatory changes, creating artificial breaks in the historical time series.
Frequently asked questions
- Does this series include loans for commercial real estate?
- No, it is restricted to loans granted specifically for house purchases, excluding offices and retail properties.
- Are loans from non-bank lenders captured here?
- The underlying data only counts lending from domestic banks, leaving out alternative credit providers.
- Why might this ratio fall while corporate borrowing rises?
- The ratio declines if the nominal gross domestic product expands at a faster pace than the outstanding stock of these specific loans.