Germany owner-occupied house price index (vdp), unadjusted
Germany owner-occupied house price index (vdp), unadjusted stood at 190.6 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 2004 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 | |||||||||||
| Verband deutscher Pfandbriefbanken, Index for owner occupied housing, unadjusted | 190.6 | 185.8 | 188.8 | 196.9 | 180.7 | 162.2 | 151 | 141.5 | 131.3 | 124.2 | |
| Statistisches Bundesamt (Destatis), House price index, unadjusted | 182.1 | 176.5 | 179.2 | 195.8 | 184.7 | 165.4 | 153.6 | 145.2 | 136.1 | 128.2 |
Understanding germany owner-occupied house price index (vdp), unadjusted
Transactions processed by Pfandbrief banks determine the valuations captured in this owner-occupied residential index. Unlike broader nationwide indices or those based on asking prices, the Verband deutscher Pfandbriefbanken (vdp) metric restricts its scope exclusively to completed properties acquired for personal use and financed through its member institutions. This institutional filter means cash purchases or transactions handled by cooperative banks fall outside its remit. The unadjusted calculation isolates the raw price evolution of these specific homes without statistical smoothing for seasonal purchasing habits.
Comparing annual average index levels offers the most robust view of structural pricing shifts, avoiding the volatility inherent in shorter timeframes. Because the underlying data relies on approved mortgage contracts rather than notary completion dates, turning points in the market can appear here with a slight lead compared to official statistical aggregates. Users should note that base year updates to 2010 periodically reset the reference level, though historical capital growth ratios remain preserved. Initial releases may undergo minor adjustments as late-reporting banks submit their final yearly loan ledgers.
Frequently asked questions
- Does this index include buy-to-let properties?
- It strictly isolates homes purchased for the owner's immediate personal use, omitting investment properties.
- Are cash purchases reflected in these figures?
- Cash transactions are completely excluded, as the methodology requires a mortgage contract with a participating institution.
- How do base year updates affect historical comparisons?
- Rebasing to 2010 scales the absolute index points but mathematically preserves the capital growth proportions between previous periods.