German new Pfandbrief loans, one- and two-family houses
German new Pfandbrief loans, one- and two-family houses stood at 11.3 EUR billion in Q2 2026. It is one of the indicators in the Real-estate lending of Pfandbrief banks table (Value · Quarterly), with a complete series running from Q1 2024 to Q2 2026. The complete series with an interactive chart, free to download.
This indicator in the Real-estate lending of Pfandbrief banks table
| Indicator | Q2-2026 | Q1-2026 | Q4-2025 | Q3-2025 | Q2-2025 | Q1-2025 | Q4-2024 | Q3-2024 | Q2-2024 | Q1-2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Residential property financing | 24.9 | 25.2 | 22.7 | 22.3 | 23 | 24.6 | 18.9 | 20.2 | 20.2 | 19.5 | |
| By property type | |||||||||||
| One- and two-family houses | 11.3 | 11.9 | 11 | 10.9 | 11 | 11.3 | 9.1 | 10 | 9.5 | 9.4 |
Understanding german new Pfandbrief loans, one- and two-family houses
Detached and semi-detached home financing records newly agreed lending specifically secured by individual houses designed for one or two households. This series isolates standard single-unit and duplex residential structures from communal apartment blocks, multi-family investment properties, and commercial buildings. It tracks commitments extended to private individuals purchasing or constructing self-contained homes, as well as small private landlords acquiring two-unit residences. Excluded from this classification are multi-unit housing estates, condominium purchases in subdivided properties, and commercial premises.
Reading figures for single-family house originations requires adjusting for recurring quarterly seasonality driven by private house-hunting schedules and construction weather. Comparing the current quarter to the corresponding quarter of the previous year prevents standard winter slowdowns or spring activity from being misinterpreted as macroeconomic turning points. Analysts should note that commitment totals reflect binding loan agreements, which lead official property purchase registrations by several weeks or months. Moreover, this series should not be viewed as an indicator of average house prices, as the total volume reflects both transaction numbers and mortgage amounts rather than unit valuations.
Frequently asked questions
- Does this series include loans for renovating existing houses?
- Yes, major modernisation and refurbishment loans secured by mortgages on single- or two-family houses are included in these new commitment figures.
- What separates this category from the multi-family houses series?
- This measure is limited to individual houses designed for a maximum of two households, whereas multi-family houses cover buildings containing three or more separate apartments.
- Are holiday homes and secondary residences counted in this figure?
- Financing for single-family vacation homes is included provided the collateral property meets the physical criteria of a one- or two-family detached dwelling.