德国VDP房地产价格指数
德国承保债券银行协会（vdp）发布的德国vdp房地产价格指数，用于追踪住宅和商业地产的价值与租金走势。该季度数据基于真实交易数据构建，测算自住住房、多户住宅、办公空间和零售物业的价格。该系列指数以2022=100为基期，涵盖全德国、各地区及主要大城市的资本化率与新签合同租金。连续历史数据可追溯至2003年。
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| 指标 | Q2-2026 | Q1-2026 | Q4-2025 | Q3-2025 | Q2-2025 | Q1-2025 | Q4-2024 | Q3-2024 | Q2-2024 | Q1-2024 | Q4-2023 | Q3-2023 | Q2-2023 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 德国5 | ||||||||||||||
| 整体房地产市场1 | ||||||||||||||
| 整体房地产价格指数2 | +1.3% | +1.9% | +2.5% | +2.6% | +2.7% | +2.3% | +1.3% | −0.2% | −1.9% | −3.7% | −5.6% | −6.8% | −7.4% | |
| 住宅地产 | +1.9% | +2.3% | +2.6% | +2.7% | +3.0% | +2.6% | +1.9% | +0.2% | −1.4% | −2.6% | −4.5% | −5.5% | −6.2% | |
| 办公与零售地产 | −1.0% | +0.5% | +1.8% | +2.2% | +2.0% | +1.4% | −0.5% | −1.7% | −3.7% | −7.3% | −9.3% | −10.9% | −10.9% | |
| 自住住宅1 | ||||||||||||||
| 自住住宅合计2 | +2.1% | +2.5% | +2.9% | +2.4% | +2.7% | +2.2% | +1.3% | −0.6% | −3.0% | −3.8% | −5.8% | −5.7% | −3.8% | |
| 单户住宅 | +2.0% | +2.4% | +2.9% | +2.3% | +2.4% | +2.0% | +1.2% | −0.5% | −2.7% | −3.7% | −5.6% | −5.6% | −3.8% | |
| 公寓 | +2.6% | +2.8% | +3.1% | +2.8% | +3.3% | +3.3% | +1.3% | −1.1% | −3.9% | −4.7% | −6.5% | −6.6% | −4.1% | |
| 多户住宅3 | ||||||||||||||
| 多户住宅价格 | +1.6% | +2.0% | +2.2% | +3.2% | +3.4% | +3.0% | +2.8% | +1.1% | +0.4% | −1.4% | −3.1% | −5.3% | −8.8% | |
| 多户住宅新签合同租金 | +3.2% | +3.0% | +3.5% | +3.7% | +3.6% | +4.3% | +4.6% | +5.5% | +6.1% | +5.6% | +5.8% | +5.9% | +6.3% | |
| 多户住宅资本化率 | +1.5% | +0.9% | +1.3% | +0.6% | +0.2% | +1.3% | +1.8% | +4.4% | +5.7% | +7.0% | +9.2% | +11.8% | +16.4% | |
| 办公地产3 | ||||||||||||||
| 办公地产价格 | −1.2% | +0.3% | +2.1% | +2.3% | +2.0% | +1.4% | −0.8% | −1.6% | −3.3% | −7.5% | −9.4% | −11.1% | −11.0% | |
| 办公新签合同租金 | +2.7% | +2.8% | +3.3% | +3.2% | +3.5% | +3.0% | +2.8% | +1.8% | +2.1% | +2.9% | +1.9% | +3.9% | +4.7% | |
| 办公资本化率 | +4.0% | +2.5% | +1.2% | +0.9% | +1.5% | +1.7% | +3.6% | +3.5% | +5.7% | +11.3% | +12.5% | +16.8% | +17.6% | |
| 零售地产3 | ||||||||||||||
| 零售地产价格 | −0.2% | +0.8% | +1.0% | +2.0% | +2.0% | +1.6% | +0.9% | −2.1% | −4.6% | −6.7% | −8.9% | −10.4% | −10.9% | |
| 零售新签合同租金 | +1.5% | +1.5% | +1.8% | +1.9% | +2.1% | +2.4% | +3.1% | +3.2% | +3.1% | +3.3% | +2.5% | −0.9% | −3.3% | |
| 零售资本化率 | +1.6% | +0.7% | +0.7% | −0.1% | +0.2% | +0.8% | +2.2% | +5.5% | +8.1% | +10.7% | +12.4% | +10.6% | +8.5% | |
| 地区与城市8 | ||||||||||||||
| 七大城市7 | ||||||||||||||
| 住宅地产 | +2.1% | +2.4% | +3.5% | +4.7% | +4.6% | +4.7% | +4.4% | +2.1% | +1.0% | −1.9% | −4.2% | −6.3% | −10.5% | |
| 自住住宅 | +1.6% | +2.7% | +3.3% | +3.2% | +3.6% | +3.1% | +1.6% | 0.0% | −2.3% | −3.3% | −5.3% | −6.7% | −5.8% | |
| 单户住宅 | +1.7% | +2.6% | +2.9% | +2.5% | +3.0% | +2.4% | +1.5% | +0.1% | −2.1% | −2.7% | −4.7% | −6.3% | −5.6% | |
| 公寓 | +1.6% | +2.9% | +3.4% | +3.7% | +4.2% | +3.6% | +1.9% | −0.1% | −2.6% | −3.8% | −5.8% | −7.0% | −5.8% | |
| 多户住宅资本价值 | +2.2% | +2.3% | +3.6% | +5.1% | +4.8% | +5.2% | +5.2% | +2.6% | +2.0% | −1.5% | −3.9% | −6.2% | −11.7% | |
| 多户住宅新签合同租金 | +1.5% | +2.4% | +3.5% | +3.8% | +4.3% | +4.4% | +4.0% | +4.6% | +5.4% | +4.6% | +5.4% | +5.9% | +6.1% | |
| 多户住宅资本化率 | −0.7% | +0.2% | −0.1% | −1.3% | −0.5% | −0.8% | −1.1% | +2.0% | +3.4% | +6.1% | +9.6% | +12.8% | +20.3% | |
| 汉堡7 | ||||||||||||||
| 住宅地产 | +3.8% | +4.9% | +5.4% | +5.2% | +5.7% | +4.6% | +2.5% | −0.2% | −2.8% | −4.9% | −5.3% | −6.7% | −6.5% | |
| 自住住宅 | +3.2% | +3.9% | +3.7% | +3.6% | +3.6% | +2.7% | +1.8% | +0.3% | −1.7% | −3.4% | −5.1% | −7.9% | −7.5% | |
| 单户住宅 | +2.8% | +3.4% | +3.6% | +3.2% | +3.0% | +2.0% | +1.4% | +0.1% | −1.6% | −2.7% | −4.6% | −7.5% | −7.1% | |
| 公寓 | +3.9% | +4.8% | +3.9% | +4.4% | +4.5% | +3.9% | +2.7% | +0.5% | −1.9% | −4.3% | −6.3% | −8.6% | −8.2% | |
| 多户住宅资本价值 | +4.2% | +5.2% | +5.8% | +5.6% | +6.3% | +5.1% | +2.7% | −0.3% | −3.2% | −5.2% | −5.3% | −6.3% | −6.1% | |
| 多户住宅新签合同租金 | +3.3% | +3.9% | +4.7% | +4.0% | +4.7% | +4.3% | +3.7% | +3.9% | +3.8% | +3.0% | +3.4% | +3.7% | +3.1% | |
| 多户住宅资本化率 | −0.7% | −1.2% | −1.1% | −1.6% | −1.5% | −0.8% | +1.1% | +4.3% | +7.2% | +8.8% | +9.1% | +10.6% | +9.8% | |
| 杜塞尔多夫7 | ||||||||||||||
| 住宅地产 | +2.4% | +4.1% | +4.8% | +5.1% | +5.8% | +3.2% | +0.7% | −1.5% | −4.1% | −3.5% | −4.8% | −5.2% | −4.9% | |
| 自住住宅 | +0.6% | +2.4% | +3.4% | +4.5% | +4.8% | +2.6% | +0.7% | −1.6% | −3.7% | −2.9% | −4.6% | −5.3% | −4.6% | |
| 单户住宅 | +0.4% | +1.8% | +2.9% | +4.8% | +4.9% | +3.4% | +2.2% | −2.0% | −3.6% | −2.7% | −3.4% | −3.9% | −3.2% | |
| 公寓 | +0.8% | +2.7% | +3.5% | +4.2% | +4.9% | +2.1% | −0.1% | −1.4% | −4.0% | −3.1% | −5.4% | −6.2% | −5.5% | |
| 多户住宅资本价值 | +3.1% | +4.6% | +5.2% | +5.3% | +6.2% | +3.4% | +0.9% | −1.5% | −4.2% | −3.6% | −5.0% | −5.2% | −5.0% | |
| 多户住宅新签合同租金 | +3.6% | +3.5% | +3.8% | +5.1% | +5.0% | +3.9% | +3.4% | +3.6% | +3.8% | +4.0% | +4.2% | +2.9% | +3.6% | |
| 多户住宅资本化率 | +0.4% | −1.0% | −1.4% | −0.3% | −1.0% | +0.5% | +2.6% | +5.1% | +8.4% | +8.0% | +9.6% | +8.3% | +9.0% | |
| 科隆7 | ||||||||||||||
| 住宅地产 | +2.5% | +4.0% | +4.7% | +5.1% | +5.7% | +5.2% | +3.7% | +1.4% | −1.7% | −3.0% | −4.4% | −6.6% | −5.5% | |
| 自住住宅 | +1.7% | +3.0% | +3.5% | +4.1% | +4.4% | +4.4% | +2.9% | +1.1% | −1.7% | −2.5% | −4.3% | −7.2% | −5.9% | |
| 单户住宅 | +1.2% | +2.2% | +3.1% | +2.5% | +3.0% | +3.1% | +2.0% | +0.3% | −1.9% | −1.7% | −2.7% | −6.1% | −5.1% | |
| 公寓 | +2.1% | +3.6% | +4.0% | +5.5% | +5.6% | +5.5% | +3.7% | +1.8% | −1.5% | −3.2% | −5.6% | −8.1% | −6.6% | |
| 多户住宅资本价值 | +2.8% | +4.4% | +5.2% | +5.5% | +6.1% | +5.4% | +4.1% | +1.5% | −1.6% | −3.2% | −4.4% | −6.4% | −5.4% | |
| 多户住宅新签合同租金 | +2.9% | +3.5% | +4.0% | +3.4% | +3.6% | +2.4% | +2.6% | +3.6% | +4.2% | +5.2% | +4.5% | +2.9% | +3.9% | |
| 多户住宅资本化率 | +0.1% | −0.8% | −1.2% | −2.0% | −2.4% | −2.9% | −1.5% | +2.0% | +5.8% | +8.6% | +9.5% | +10.0% | +9.8% | |
| 法兰克福7 | ||||||||||||||
| 住宅地产 | +2.4% | +4.0% | +5.6% | +5.0% | +6.4% | +5.2% | +2.3% | 0.0% | −2.7% | −4.3% | −6.1% | −9.0% | −9.1% | |
| 自住住宅 | +1.6% | +3.2% | +4.1% | +3.1% | +4.6% | +3.2% | +1.7% | −0.1% | −3.1% | −4.4% | −6.9% | −10.1% | −9.1% | |
| 单户住宅 | +1.9% | +3.9% | +4.6% | +2.9% | +4.3% | +1.8% | +0.3% | −0.5% | −3.9% | −4.8% | −6.1% | −9.1% | −7.7% | |
| 公寓 | +1.3% | +2.9% | +3.6% | +3.2% | +4.7% | +4.1% | +2.5% | +0.2% | −2.6% | −4.0% | −7.5% | −10.7% | −10.0% | |
| 多户住宅资本价值 | +2.6% | +4.2% | +6.2% | +5.4% | +6.9% | +5.8% | +2.4% | +0.1% | −2.6% | −4.2% | −5.9% | −8.8% | −9.1% | |
| 多户住宅新签合同租金 | +2.4% | +3.5% | +5.0% | +4.7% | +5.0% | +4.6% | +3.2% | +4.8% | +5.1% | +4.2% | +4.4% | +1.7% | +1.7% | |
| 多户住宅资本化率 | −0.1% | −0.9% | −1.0% | −0.7% | −1.9% | −0.9% | +0.6% | +4.6% | +7.9% | +8.8% | +10.9% | +11.6% | +11.9% | |
| 斯图加特7 | ||||||||||||||
| 住宅地产 | +0.7% | +1.7% | +2.2% | +2.5% | +2.9% | +1.9% | +0.3% | −1.6% | −3.6% | −3.6% | −5.3% | −5.9% | −5.7% | |
| 自住住宅 | −0.1% | +1.0% | +1.4% | +1.7% | +2.2% | +1.5% | −0.1% | −1.2% | −3.2% | −3.1% | −5.4% | −6.7% | −5.5% | |
| 单户住宅 | +0.1% | +1.9% | +3.0% | +3.0% | +3.7% | +3.1% | +0.7% | 0.0% | −2.7% | −2.0% | −4.0% | −6.0% | −4.2% | |
| 公寓 | −0.2% | +0.5% | +0.5% | +1.2% | +1.4% | +0.8% | −0.5% | −1.8% | −3.7% | −3.8% | −5.9% | −7.0% | −6.1% | |
| 多户住宅资本价值 | +1.2% | +2.1% | +2.6% | +2.7% | +3.4% | +2.2% | +0.5% | −1.7% | −3.8% | −3.8% | −5.2% | −5.6% | −5.8% | |
| 多户住宅新签合同租金 | +1.2% | +1.5% | +1.9% | +3.5% | +3.4% | +4.8% | +4.6% | +3.7% | +4.4% | +2.6% | +3.6% | +3.0% | +2.2% | |
| 多户住宅资本化率 | 0.0% | −0.6% | −0.6% | +0.7% | +0.1% | +2.6% | +3.9% | +5.4% | +8.5% | +6.8% | +9.4% | +9.1% | +8.4% | |
| 慕尼黑7 | ||||||||||||||
| 住宅地产 | +2.3% | +3.5% | +4.7% | +5.3% | +6.5% | +4.5% | +2.1% | −1.7% | −4.7% | −5.3% | −6.3% | −6.9% | −6.7% | |
| 自住住宅 | +0.8% | +1.7% | +2.5% | +3.0% | +4.1% | +3.0% | +1.3% | −1.9% | −4.7% | −5.6% | −6.6% | −7.1% | −5.9% | |
| 单户住宅 | 0.0% | +0.8% | +0.5% | +1.2% | +2.1% | +1.1% | +0.4% | −1.9% | −4.1% | −5.1% | −6.0% | −6.5% | −5.9% | |
| 公寓 | +1.4% | +2.3% | +3.5% | +4.0% | +5.1% | +3.8% | +1.8% | −1.8% | −5.0% | −5.7% | −6.9% | −7.4% | −5.9% | |
| 多户住宅资本价值 | +2.9% | +3.9% | +5.4% | +6.0% | +7.3% | +5.1% | +2.3% | −1.7% | −4.7% | −5.2% | −6.2% | −6.8% | −6.9% | |
| 多户住宅新签合同租金 | +2.4% | +2.8% | +3.7% | +4.5% | +4.7% | +4.2% | +3.5% | +3.6% | +4.5% | +4.5% | +5.5% | +5.2% | +4.3% | |
| 多户住宅资本化率 | −0.5% | −1.1% | −1.7% | −1.4% | −2.3% | −0.8% | +1.3% | +5.4% | +9.7% | +10.3% | +12.5% | +12.8% | +12.1% | |
| 柏林7 | ||||||||||||||
| 住宅地产 | +1.6% | +2.9% | +4.6% | +4.4% | +5.3% | +5.0% | +2.3% | +0.3% | −1.7% | −4.3% | −5.1% | −4.7% | −3.6% | |
| 自住住宅 | +1.9% | +2.9% | +3.4% | +2.8% | +3.2% | +3.3% | +1.9% | +1.0% | −0.9% | −2.0% | −4.7% | −5.2% | −4.1% | |
| 单户住宅 | +1.9% | +2.8% | +3.2% | +2.2% | +2.9% | +2.6% | +1.8% | +1.2% | −1.0% | −1.9% | −5.0% | −5.6% | −4.9% | |
| 公寓 | +2.0% | +2.9% | +3.7% | +3.3% | +3.5% | +3.8% | +2.0% | +0.9% | −0.6% | −2.1% | −4.5% | −4.6% | −3.0% | |
| 多户住宅资本价值 | +1.6% | +2.9% | +4.8% | +4.6% | +5.6% | +5.3% | +2.4% | +0.2% | −1.8% | −4.7% | −5.2% | −4.6% | −3.5% | |
| 多户住宅新签合同租金 | +0.6% | +1.3% | +2.9% | +3.4% | +4.0% | +4.9% | +4.4% | +5.4% | +7.0% | +5.1% | +6.7% | +8.7% | +9.6% | |
| 多户住宅资本化率 | −1.1% | −1.7% | −1.8% | −1.2% | −1.4% | −0.3% | +2.0% | +5.2% | +8.9% | +10.3% | +12.4% | +13.9% | +13.6% |
最新值
本页序列为季度，时间跨度从2008年第1季度至2026年第2季度。
常见问题
- 德国VDP房地产价格指数的最新值是多少？
- 整体房地产价格指数在2026年第2季度为95.9。较2026年第1季度−0.1%，较上年同期+1.3%。
- 德国VDP房地产价格指数的数据可追溯至何时？
- 本页序列为季度，时间跨度从2008年第1季度至2026年第2季度。本数据表中的每个序列均可查看全历史图表，并支持下载为CSV或Excel格式。
- 德国vdp房地产价格指数衡量哪些内容？
- 德国vdp房地产价格指数衡量房地产的资产价值、租金水平和资本化率。该指数基于抵押债券银行的实际交易数据构建，涵盖住宅和商业地产两大市场。
- 德国vdp指数涵盖哪些物业类型？
- 该指数涵盖自住住房、单户住宅、公寓及多户住宅等居住类地产；商业地产方面则跟踪办公楼和商业零售物业。
- 德国vdp房地产指数以何种形式呈现？
- 房地产价值和租金均以2022=100为基期指数形式呈现。该编制方式便于用户观察德国全境、各地区及主要大城市的相对价格变动幅度。
- 德国vdp房地产价格指数多久更新一次？
- 德国潘德布里夫抵押银行协会（vdp）与旗下研究机构vdpResearch每季度更新一次房地产价格指数，连续时间序列自2003年起提供。