Germany vdp multi-family new-contract rent index
Germany vdp multi-family new-contract rent index stood at 119.5 in Q2 2026. It is one of the indicators in the vdp property price indices table (Value · Quarterly), with a complete series running from Q1 2003 to Q2 2026. The complete series with an interactive chart, free to download.
This indicator in the vdp property price indices table
| Indicator | Q2-2026 | Q1-2026 | Q4-2025 | Q3-2025 | Q2-2025 | Q1-2025 | Q4-2024 | Q3-2024 | Q2-2024 | Q1-2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Multi-family housing | |||||||||||
| Multi-family new-contract rents | 119.5 | 118.4 | 117.7 | 116.8 | 115.8 | 115 | 113.7 | 112.6 | 111.8 | 110.3 | |
| Multi-family capitalisation rate | 121.2 | 120.4 | 120.2 | 119.7 | 119.4 | 119.3 | 118.7 | 119 | 119.2 | 117.8 |
Understanding germany vdp multi-family new-contract rent index
Freshly negotiated tenant lease contracts across multi-family apartment buildings determine the rent per square metre monitored in this row. Scope encompasses newly executed contracts for apartments in multi-family buildings throughout Germany, capturing prevailing market rents for re-let and newly constructed housing. Existing tenancy agreements signed in earlier periods, operating costs, heating charges, and commercial leases are excluded. While sibling rows monitor asset capital values and investment yields, this index reflects the immediate operational rental revenue generated by residential units.
Because this series captures only newly negotiated contracts rather than in-place leases, it reacts immediately to current tenant demand and supply conditions. A year-on-year examination provides an accurate assessment of residential rental pressures, eliminating seasonal peaks in moving volumes during warmer quarters. Early data points can receive modest revisions as property management registries complete documentation. Users comparing this measure to consumer price index housing components must remember that official inflation statistics track all active tenancy agreements, whereas this indicator measures only newly concluded contracts.
Frequently asked questions
- Are existing rental contracts included in this multi-family rent index?
- No, the series measures only newly concluded tenancy agreements and excludes continuing leases signed in past years.
- Does this index include utility and heating expenses?
- It measures basic net contract rent per square metre and excludes utilities, heating, and service charges.
- Why does this rent series move faster than headline inflation rent components?
- Consumer inflation measures encompass the entire stock of legacy rents, whereas this index isolates only newly negotiated contracts where spot market conditions apply.