Germany vdp residential property price index
Germany vdp residential property price index stood at 98.5 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Overall property price index | 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 residential property price index
Measuring the entire domestic housing sector, this series unites transaction values from both owner-occupied dwellings and tenant-occupied rental blocks. Scope covers privately purchased single-family houses, owner-occupied condominiums, and professionally managed multi-family apartment buildings across Germany. It excludes all commercial premises, such as retail outlets, logistics depots, and corporate offices, which appear in sibling commercial tables. While lower-level rows divide the residential sector into owner-occupied units and multi-family investment properties, this row integrates both categories to capture aggregate valuation trends across the entire domestic housing stock without distinguishing between buyer motivations.
Annual comparisons over corresponding quarters filter out predictable differences between active spring buying periods and quieter winter months. Quarter-on-quarter adjustments provide insight into immediate market turning points, though initial calculations remain open to revision as late-arriving mortgage financing records are incorporated into the dataset. Readers comparing this series with consumer rent indicators must observe that capital asset prices fluctuate far more dynamically than contracted rents, reflecting shifts in borrowing costs, mortgage lending standards, and investor yield expectations.
Frequently asked questions
- Does this residential index separate private home buyers from commercial landlords?
- No, it combines owner-occupied houses and apartments with investor-owned multi-family rental buildings into a single residential aggregate.
- Why do residential capital prices move differently from rental costs?
- Capital values reflect asset purchase transactions and long-term mortgage conditions, whereas rents represent periodic tenant payments governed by lease contracts.
- How are differing property characteristics handled across quarterly samples?
- The index uses hedonic regression models to standardise attributes such as building age, location, and living space across recorded transactions.