Germany multi-family house prices, excluding major cities
Germany multi-family house prices, excluding major cities stood at 98.9 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Total, RegioStaR Gem5: Total excluding Cities of supra-regional importance | 94.4 | 94.7 | 95.2 | 94.9 | 94.1 | 93.6 | 93 | 92.4 | 92 | 92 | |
| Sub-aggregate multi family houses, RegioStaR Gem5: Total excluding Cities of supra-regional importance | 98.9 | 98.3 | 98.4 | 98 | 97.5 | 96.3 | 96.1 | 95.1 | 94.5 | 94.5 | |
| Sub-aggregate office, RegioStaR Gem5: Total excluding Cities of supra-regional importance | 91.5 | 92.6 | 93.8 | 93.4 | 92 | 91.8 | 90.6 | 90.6 | 90.2 | 90.4 |
Understanding germany multi-family house prices, excluding major cities
Measuring the capital exchanged strictly for residential investment properties, this sub-aggregate covers apartment buildings and multi-unit housing complexes while comprehensively excluding all cities of supra-regional importance. It cleanly isolates the residential rental property market from commercial business workplaces like offices and retail spaces operating within the identical geographic footprint. By purposely ignoring the primary metropolitan centers, the series highlights the valuation of income-generating residential real estate heavily concentrated in secondary cities, sprawling commuter belts, and rural municipalities.
Because multi-family housing transactions in non-major cities often cluster unevenly throughout the calendar, observing year-on-year developments provides a significantly clearer picture of structural valuation shifts than immediate quarterly comparisons. A standard quarter-on-quarter analysis might simply capture a temporary administrative lull in regional transaction volume rather than a true adjustment in underlying property values. The published figures undergo regular backward revisions as delayed sales contracts from heavily dispersed regional municipalities are finalized and integrated. Absolute caution is required when contrasting this specific dataset with national housing statistics, as this series strictly targets buildings configured for multiple tenant households rather than individual owner-occupier residential purchases.
Frequently asked questions
- Does this metric include single-family detached homes?
- No, it exclusively targets buildings designed with multiple separate residential units, typically functioning as rental investment properties.
- Are student housing complexes counted within this property type?
- Purpose-built residential structures containing multiple dwelling units, such as permanent student apartment blocks, generally fall directly under the multi-family classification.
- How do rebasing exercises affect the historical continuity of this index?
- Periodic rebasing updates the basket of representative properties and municipal weightings, potentially causing slight structural breaks with older historical index datasets.