vdp property price indices: German property prices keep on rising

- Multi-family houses: +7.1%, owner-occupied housing: +6.4%

- Office properties: +8.3%, retail properties: +2.7%

Prices in Germany’s real estate market kept up momentum in the third quarter of 2016. Calculated on the basis of real transaction data, the vdp property price index for the German market as a whole rose again between July and September 2016 – this time by 6.7% – compared with the corresponding quarter one year earlier. Once again, this development is mainly being driven by low interest rates and investors seeking alternative investment opportunities. In addition, growing volatility in the economic environment makes an investment in real assets appear comparatively attractive.

“The situation in the housing markets of urban areas remains tense. Although construction activity has been stepped up, it is evident that the demand in those areas currently cannot be met. What are needed are reliable, long-term framework conditions that make it possible to provide a needs-based supply. Important stimulus can come, not least, from policymakers,” said Jens Tolckmitt, Chief Executive of the Association of German Pfandbrief Banks (vdp).

For details on how the individual market segments developed, and for all index data on the individual vdp property price indices (2003-2016) including charts and tables, please refer to the attached publication.

vdp property price index q3.2016

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