Germany multi-family dwelling price index
Germany multi-family dwelling price index stood at 201.7 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Price Indicators | |||||||||||
| Commercial property price index, multi-family dwellings | 201.7 | 196.1 | 194.6 | 207.5 | 203.9 | 181.3 | 162.4 | 142.9 | 130.9 | 121.4 | |
| Commercial property price index, multi-family dwellings, 7 large cities | 216.8 | 207.1 | 202.9 | 220.8 | 225.2 | 203.5 | 185.9 | 159.8 | 143.5 | 133.1 |
Understanding germany multi-family dwelling price index
Institutional and commercial acquisitions of residential apartment blocks feed directly into this specialized asset class index. Differentiating itself from individual homebuyer metrics, it tracks structures intended to house multiple separate tenant households, typically treated as yield-generating investments rather than owner-occupied spaces. The scope covers these collective dwellings nationwide, blending data from both newly erected complexes and established tenement blocks. Classified under commercial market indicators despite its residential nature, the index maps the capital required to purchase entire tenant-occupied buildings in a single transaction.
Evaluating the numbers on a year-on-year basis offers the clearest interpretation of large-scale residential investment flows, mitigating the volatility caused by low transaction volumes in certain quarters. Users must be careful not to conflate this wholesale asset pricing with retail apartment costs, as multi-family block valuations are heavily dictated by prevailing rental yields and institutional financing conditions. Base year changes to 2013 shift the numerical display without altering the underlying rate of capital appreciation. Given the complex nature of commercial notary processing, earlier estimates are frequently subject to structural revisions once all corporate property transfers are fully documented.
Frequently asked questions
- Does this index measure the cost of buying a single apartment?
- It evaluates the transaction prices of entire apartment blocks purchased as collective, yield-generating investments.
- Are owner-occupied duplexes included in these calculations?
- The focus remains on commercial-scale multi-family structures, generally excluding smaller standalone dwellings.
- Why is this considered a commercial property indicator?
- Entire apartment buildings are typically traded by institutional investors, real estate funds, or corporate entities based on their rental revenue potential.