Germany multi-family commercial property index, residential
Germany multi-family commercial property index, residential stood at 204.6 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Price Indicators | |||||||||||
| Commercial property price index, multi-family dwellings | 204.6 | 203.9 | 203.1 | 202.5 | 201.2 | 200 | 198.8 | 196.3 | 194.6 | 194.2 | |
| Commercial property price index, multi-family dwellings, 7 large cities | 220 | 220.2 | 218.9 | 217.8 | 215.4 | 215.4 | 211.4 | 207.2 | 205.4 | 204.7 |
Understanding germany multi-family commercial property index, residential
Focusing on the institutional and investment side of the housing market, this indicator maps the capital valuation of entire apartment buildings and residential complexes. It tracks properties designed to house multiple separate households but held collectively as commercial investment assets by corporations, funds, or large-scale landlords. By isolating multi-family structures from individual owner-occupied units or single-family homes, the series provides a pure reflection of how the real estate industry prices large-scale domestic residential yield assets across the entire national territory.
Movements in this index are heavily influenced by the macroeconomic environment, particularly the relationship between prevailing financing costs and anticipated rental income. Since large-scale block transactions do not follow the exact seasonal rhythms of the private homebuyer market, structural shifts can sometimes be observed more clearly across sequential quarters, though year-on-year analysis remains the standard for smoothing out lumpy transaction volumes. Users should note that portfolio premiums or discounts in massive corporate acquisitions can occasionally distort the underlying valuation of the physical bricks and mortar.
Frequently asked questions
- Does this cover individual apartments bought by private landlords?
- It targets entire multi-family structures operated as commercial entities, rather than the dispersed purchase of single units.
- Are retail spaces in the building factored in?
- Multi-family dwellings often have mixed uses, but the primary classification for this index remains the residential rental component.
- Does the index measure the rents collected?
- No, it tracks the capital price of the building itself, not the recurring rental income it generates.