Germany commercial property price index, annual
Germany commercial property price index, annual stood at 92.9 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Total2 | 92.9 | 90.8 | 92 | 100 | 100.4 | 95.4 | 87.2 | 77.9 | 72.8 | 65.7 | |
| Sub-aggregate office and retail | 88.9 | 87.3 | 90.3 | 100 | 102.3 | 102.9 | 95.4 | 86.2 | 81.9 | 72.5 | |
| Sub-aggregate multi family houses | 97.2 | 94.5 | 93.8 | 100 | 98.3 | 87.4 | 78.3 | 68.9 | 63.1 | 58.5 |
Understanding germany commercial property price index, annual
Countrywide transaction valuations encompassing the entire spectrum of non-residential real estate assets. This aggregate measure captures the blended purchase prices of office buildings, retail spaces, industrial facilities, and other business-oriented properties across all municipality sizes and geographic regions. It serves as the broadest indicator for the commercial real estate sector, standing in direct contrast to the purely residential indices within the Bundesbank housing dataset. The series groups together both primary metropolitan hubs and rural markets into a single, unified national figure.
When reading this top-level index, be mindful that opposing movements in different sub-sectors can obscure specific market dynamics. For example, a boom in logistics facilities might offset a slump in retail spaces. Annual aggregation smooths out the severe volatility seen in quarterly commercial transaction volumes. Observers track the year-on-year differences to monitor macro-level investment flows into the physical economy. Subsequent updates often bring minor revisions to earlier years as late-registered property transfers are finalized in land registries. Periodic rebasing of the index reference year requires users to adjust historical comparisons accordingly.
Frequently asked questions
- Does this aggregate include agricultural land transactions?
- No, the commercial property classification focuses on built real estate designed for business operations, retail, and administration.
- Can I use this index to track commercial rental rates?
- This series measures the capital acquisition costs of properties, not the leasing rates or rental yields generated by them.
- Why combine office and retail properties into a single national index?
- Providing a unified figure allows analysts to gauge overall capital allocation into non-residential assets before examining the individual sector breakdowns.