Germany multi-family house prices, urban areas
Germany multi-family house prices, urban areas stood at 96.2 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: Urban area | 91.8 | 93.3 | 94 | 93.9 | 93.4 | 93.1 | 92.2 | 91.2 | 90.8 | 89.7 | |
| Sub-aggregate multi family houses, RegioStaR Gem5: Urban area | 96.2 | 98.3 | 99.4 | 99.5 | 99.2 | 98.1 | 96.8 | 95 | 94 | 93.1 | |
| Sub-aggregate office, RegioStaR Gem5: Urban area | 90.5 | 91.9 | 92.8 | 91.9 | 90.8 | 90.9 | 90.1 | 89.5 | 89.3 | 87.6 |
Understanding germany multi-family house prices, urban areas
Documenting the wholesale purchase values of apartment complexes featuring multiple individual living quarters, this metric is confined strictly to designated urban areas. As a targeted sub-aggregate within the wider commercial property dataset, it eliminates single-family owner-occupied homes, corporate offices, and retail units from its scope. By isolating this specific RegioStaR Gem5 category, the series captures the investment dynamics of apartment buildings situated in densely populated metropolitan and suburban zones, distinctly separating them from similar structures in sparsely populated village areas. The index evaluates the capital exchanged when these multi-unit residential assets are traded among institutional or commercial buyers.
Because the volume of entire apartment blocks sold can vary drastically from one quarter to the next, analysts strongly prefer year-on-year comparisons to identify genuine shifts in the valuation cycle. The raw quarterly data is highly susceptible to compositional effects, meaning a short-term spike might simply indicate that newer or more centrally located urban buildings happened to transact during that specific window. Revisions to early estimates are customary, absorbing late-arriving sales records from municipal property registries. Users must avoid using this institutional metric to gauge the purchasing power of individual homebuyers, as it strictly reflects the yield-driven investment decisions of commercial property operators navigating corporate credit conditions.
Frequently asked questions
- Are student housing complexes included in this data?
- Large-scale, multi-unit residential structures built for student accommodation generally qualify under the multi-family investment classification.
- Does the series measure the cost of land separately from the building?
- No, the index captures the combined transaction value of the physical structure and the land it sits upon.
- Why are single-family homes excluded from an urban residential metric?
- The focus remains exclusively on commercial and investment-grade real estate, separating yield-generating apartment blocks from owner-occupied domestic housing.