Germany annual multi-family house price index
Germany annual multi-family house price index stood at 97.2 in 2025, according to Deutsche Bundesbank. It is one of the indicators in the Property market (annual) table (Value · Annual), with a complete series running from 2013 to 2025. The complete series with an interactive chart, free to download.
This indicator in the Property market (annual) table
| Indicator | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Total | 92.9 | 90.8 | 92 | 100 | 100.4 | 95.4 | 87.2 | 77.9 | 72.8 | 65.7 | |
| Sub-aggregate multi family houses | 97.2 | 94.5 | 93.8 | 100 | 98.3 | 87.4 | 78.3 | 68.9 | 63.1 | 58.5 | |
| Sub-aggregate office and retail | 88.9 | 87.3 | 90.3 | 100 | 102.3 | 102.9 | 95.4 | 86.2 | 81.9 | 72.5 |
Understanding germany annual multi-family house price index
Tenement housing, apartment blocks, and dense residential rental complexes transacted across all national municipalities are aggregated into this specific investment index. It charts the capital acquisition pricing for entire multi-dwelling structures, explicitly treating them as yield-generating commercial assets rather than individual private homes. Positioned as a pure residential investment sub-aggregate, this row strips away the corporate office and retail components of the total commercial index to provide an unadulterated view of the bulk housing market.
Relying on year-on-year comparisons for this annual release offers the most accurate depiction of structural shifts in residential investment, bypassing the traditional spring and summer peaks of the general housing market. Users must account for composition risks when interpreting the national aggregate, as a surge in transactions of premium metropolitan apartment blocks can easily distort the index, misrepresenting the reality of provincial tenement valuations. Routine data revisions are an expected feature, reflecting the slow processing of bulk property deeds through municipal registries. Periodic updates to the calculation weights of different regions may also result in statistical breaks.
Frequently asked questions
- Why are multi-family homes classified under commercial property indices?
- Because entire apartment blocks are overwhelmingly traded as capital-yielding investments by funds and landlords, rather than as primary residences by owner-occupiers.
- Are individual condo sales tracked in this specific row?
- No, the index strictly aggregates the sale of complete multi-household buildings rather than piecemeal transactions of single flats.
- Does the national aggregate differentiate between new builds and existing stock?
- This overarching series captures transactions across all property ages, blending newly constructed residential complexes with historical tenement structures.