Germany vdp property price index
Germany vdp property price index stood at 95.9 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 2008 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Overall property price index2 | 95.9 | 96 | 95.8 | 95.3 | 94.7 | 94.2 | 93.5 | 92.9 | 92.2 | 92.1 | |
| Residential property | 98.5 | 98.2 | 97.9 | 97.3 | 96.7 | 96 | 95.4 | 94.7 | 93.9 | 93.6 | |
| Office and retail property | 87.8 | 88.9 | 89.3 | 89.1 | 88.7 | 88.5 | 87.7 | 87.2 | 87 | 87.3 |
Understanding germany vdp property price index
Nationwide transaction prices across both residential and commercial real estate combine to form this aggregate index. The calculation incorporates single-family homes, condominiums, multi-family rental buildings, office developments, and retail premises financed through mortgage lending. By merging housing and business properties, the series presents the broadest measure in the table, setting it apart from narrower sub-indices that isolate individual property types or sectors. Land sales without buildings, industrial facilities, and public infrastructure projects are excluded from the scope.
Evaluating this measure on a year-on-year basis provides the most dependable gauge of property market cycles, as comparison across identical quarters mitigates seasonal lending variations. Short-term quarter-on-quarter movements can fluctuate because of shifting transaction volumes between high-value commercial deals and smaller residential mortgages. Early quarterly figures may undergo retrospective revisions as participating lenders finalize and record deferred transaction documents. Analysts should avoid equating movements in this composite gauge directly with consumer housing costs, because commercial real estate developments and institutional apartment portfolios exert substantial influence on the aggregate index.
Frequently asked questions
- How does this composite index combine residential and commercial real estate?
- The series aggregates transaction values from owner-occupied homes, multi-family apartment buildings, offices, and retail properties into a unified index.
- Why might this overall index diverge from consumer house price indices?
- Commercial properties and institutional rental portfolios exert substantial influence here, whereas consumer measures track private home purchases exclusively.
- Are initial quarterly figures for this series subject to retrospective revisions?
- Yes, early estimates undergo revision in subsequent releases as late mortgage financing records are finalized by participating lenders.