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. In February 2010, the vdp price index for owner occupied housing has been presented to the public.

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.

Up until the first quarter of 2010, 17 Pfandbrief Banks have submitted information on more than 540,000 properties to the database. Since 2003, the transaction database has provided an overview of the price trend on the German property market, for both Germany as a whole and for the individual regional and other sub-markets for specific property types. Given the extremely diverse nature of real estate, hedonic methods are applied which filter out the quality differences of the individual properties included in the database and purely measure the price trend.

The following figures show the price trend for single family houses, apartments and - as an aggregate of both property types - for owner occupied housing in Germany.

  vdp Price Index for Single Family Houses in Germany

  vdp Price Index for Apartments in Germany

  vdp Price Index for Owner Occupied Housing in Germany

Please find below the vdp Price Index in tabular form:

Based on 2003, the figures show an average price increase of 6.2 % for single-family houses and 5.6 % for apartments over the period as a whole. Both time series indicate a recovery in 2008 which, has turned into a sideways trend. The price index for owner occupied housing in total shows an increase by 6.0 % within the same period.

Further information about the vdp-transaction databank and the statistical evaluation can be found in the vdp-brochure “Real Estate Banking – Committed to Professionalism – Facts and Figures”, expenditures 2007/2008 (p. 50 ff), 2008/2009 (p. 58 ff) and 2009/2010 (p. 42 ff).