vdp property indices: Prices for German residential and commercial properties keep rising in the first quarter of 2015

- Multi-family houses: +6.8%, owner-occupied housing: +5.0%
- Office properties: +2.0%, retail properties: +2.9%

German property market prices remained on an upward trajectory in the first quarter of 2015. Calculated on the basis of actual transaction data, the vdp property price index for the German market as a whole moved up 5% in the months January to March 2015 compared with the corresponding quarter one year earlier.

“Once again, the driver of growth is the housing market. We saw the strongest price increase, of 6.8%, in the segment for multi-family houses, which resulted from the consistently brisk demand by investors in search of suitable properties. However, prices for single-family and semi-detached houses likewise continued to advance strongly, by 5.8%, in the first quarter of 2015, whereas the price hike for condominiums was again more moderate at 2.8%. It appears that demand for residential property is experiencing a growing shift away from the expensive urban locations to the more affordable surrounding area, where construction is typically characterized by single-family and semi-detached houses,” Jens Tolckmitt, Chief Executive of the vdp, commented.

For details on how the individual market segments developed, and for all index data on the individual vdp property price indices (2003-2015) including charts and tables, please refer to the attached publication.

vdp property price indices Q1-2015

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