Germany commercial property price index, quarterly
Germany commercial property price index, quarterly stood at 93.1 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 2013 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Total2 | 93.1 | 93.5 | 93.5 | 93.2 | 92.7 | 92.3 | 91.6 | 90.8 | 90.3 | 90.3 | |
| Sub-aggregate office and retail | 87.8 | 88.9 | 89.3 | 89.1 | 88.7 | 88.5 | 87.7 | 87.2 | 87 | 87.3 | |
| Sub-aggregate multi family houses | 98.6 | 98.3 | 97.9 | 97.6 | 97 | 96.4 | 95.8 | 94.6 | 93.8 | 93.6 |
Understanding germany commercial property price index, quarterly
Broad valuations across the entire national landscape for non-residential real estate are aggregated into this overarching headline metric. It incorporates verified transaction data for every commercial asset class, merging high-value deals in major metropolitan areas with sales in smaller regional municipalities. Unlike the granular sub-aggregates that isolate specific building types or geography, this top-level series encompasses the complete spectrum of business property exchanges. The underlying data captures final purchase costs for structures ranging from corporate headquarters and logistics hubs to local storefronts, representing the aggregate cost of acquiring commercial space nationwide.
Quarter-on-quarter changes in this aggregate series often reflect shifts in the composition of sales rather than pure price movements, making year-on-year comparisons the standard approach for identifying underlying market trajectories. The broad scope smooths out some of the extreme volatility seen in regional indices, though late reporting from large institutional transactions frequently forces backward revisions to the initial quarterly prints. Structural changes to the classification of mixed-use properties during methodological updates can create artificial breaks in the time series, complicating direct comparisons with earlier periods in the index history.
Frequently asked questions
- Does this headline index include residential apartment blocks?
- No, residential real estate is tracked in entirely separate indices, even for large multi-family investment properties.
- How are mixed-use buildings classified within this total?
- Properties are typically assigned based on their primary designated use or the dominant share of floor space dedicated to commercial activity.
- Why might the initial quarterly release be revised?
- Delays in finalizing notary contracts and updating municipal land registries mean late-arriving transaction records are incorporated in subsequent quarters.