Germany commercial mortgages, other real estate, unadjusted
Germany commercial mortgages, other real estate, unadjusted stood at -0.6 in % z.Vj. 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 2000 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Financial Indicators | |||||||||||
| 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 | |
| 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 |
Understanding germany commercial mortgages, other real estate, unadjusted
Mortgage lending directed toward enterprises engaged in peripheral real estate activities is captured by this specific Bundesbank indicator. The metric aggregates commercial property loans granted to domestic firms operating in the "other real estate" category, rigorously excluding any residential mortgages taken out by these same entities. This precise filtering targets the financing of specialised property ventures, such as commercial leasing operations and property management firms. By isolating this niche, the series stands apart from general service sector lending and wholesale commercial mortgages.
Without seasonal adjustments applied to the underlying data, the year-on-year perspective is the only reliable method for stripping out natural financing cycles. Reading the raw, unadjusted figures requires acknowledging that irregular, massive corporate loans can create sudden statistical noise. Users should exercise caution when comparing this series against broader service-sector credit, as the definition of "other real estate activities" strictly ringfences property-centric operations. Reclassifications of corporate structures occasionally trigger data breaks, particularly when conglomerates spin off their property management arms into independent corporate entities.
Frequently asked questions
- What constitutes 'other real estate activities' in this context?
- It typically encompasses firms focused on commercial leasing, real estate appraisal, and corporate property management.
- Are residential housing loans included in this total?
- Any mortgages backed by residential real estate are mathematically removed from the final calculation.
- Can short-term borrowing trends be reliably tracked here?
- The unadjusted nature of the series means year-on-year evaluations are necessary to avoid misinterpreting normal business cycle fluctuations.