vdp Property Price Index

The Association of German Pfandbrief Banks (vdp) publishes quarterly indices showing the price development of residential and commercial real estate. They are based on real transaction data evaluated by the analysis house vdpResearch. The results are part of the Deutsche Bundesbank's real estate price monitoring.

The gap between the trend in residential and commercial property prices is growing
Source: vdp-property-price-index, Q4.2020

Rents and purchase prices for individual properties as well as their value-influencing factors are systematically collected in the vdp transaction database (vdp-Transaktionsdatenbank). On the basis of these data, hedonic methods are applied to construct property indexes that reflect purely the price movement of a particular real estate market. Over 700 Banks submitt quarterly more than 60.000 data of concret transactions.

With effect from 1 July 2009, work on the transaction database was transferred from the vdp to the newly established vdpResearch. This is meant to ensure comprehensive evaluations and analyses on an ongoing basis and to provide these data to participants in the transaction database.

Quarterly year-on-year trends in the price index, as well as the methodological bases used to prepare the index, are depicted in detail in the vdp Property Price Index brochures. The broschure as well as all time series in XLSX-format are available under statistics for download.