Germany multi-family house price index, regional cities
Germany multi-family house price index, regional cities stood at 95 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Total, RegioStaR Gem5: Cities of regional importance | 94.4 | 92.8 | 94 | 100 | 99.4 | 94.7 | 84.3 | 74.8 | 68.3 | 61.4 | |
| Sub-aggregate multi family houses, RegioStaR Gem5: Cities of regional importance | 95 | 93.6 | 94.9 | 100 | 96.2 | 84.8 | 74.1 | 66.4 | 60.6 | 56.2 | |
| Sub-aggregate office, RegioStaR Gem5: Cities of regional importance | 95.5 | 93.3 | 94.5 | 100 | 101.5 | 102.3 | 89.3 | 76.4 | 69.3 | 58.2 |
Understanding germany multi-family house price index, regional cities
Capital acquisition costs for entire tenement structures and apartment complexes located in secondary urban markets define the boundaries of this specific indicator. Adhering to the RegioStaR Gem5 classification for cities of regional importance, the series captures wholesale residential building transactions while rejecting data from primary metropolises and smaller localities. The calculations deliberately exclude single-family detached homes and individual owner-occupied flats, restricting the scope to residential properties traded as commercial investment assets. This creates a sharp distinction from the office and retail components of the broader regional index, isolating the pricing behavior of institutional-scale housing portfolios within mid-tier municipal boundaries.
Interpreting the trajectory of these investment properties necessitates a year-on-year framework, smoothing out the sporadic nature of large-scale residential block acquisitions. The Bundesbank frequently updates early index releases to integrate complex tenement sales that experience delays during the official registry process. A common methodological error is utilizing this sub-aggregate as a proxy for general housing affordability in regional cities, as it reflects the institutional investor market rather than the purchasing power of individual homebuyers. Analysts executing extended historical comparisons must also be vigilant regarding index rebasing, ensuring that all data points are anchored to the same reference year to prevent statistical illusions in the time series.
Frequently asked questions
- Does this metric track the prices of individual apartments sold to retail buyers?
- No, the series exclusively records the transactions of entire multi-family buildings traded as unified investment assets.
- Are government-subsidized social housing blocks included in the index?
- The index captures market transactions of multi-family houses, regardless of whether the underlying units are subject to social housing rent controls, provided a commercial sale occurs.
- Can this data highlight seasonal variations in the regional housing market?
- The annual frequency of the data masks any seasonal patterns, making it suitable only for analyzing long-term capital valuation shifts.