| Financing and market | Transaction database |
| Financing and market | Monitoring |
| Financing and market | Real estate price indices |
| Financing and market | Real estate forecasts |
| Financing and market | LGD Grading |
| Financing and market | Market classification and geo-analysis |
| Financing and market | Property Value |
| Financing and market | vdpKommunalScore |
| Law and real estate financing | Audits and annual financial statements |
| Law and real estate financing | Conversion of valuation processes |
| Law and real estate financing | Licence application |
| Law and real estate financing | Optimisation of the lending process |
| Law and real estate financing | Round Table Covered Bond Legislation |
| Law and real estate financing | Round Table Valuation |
| Law and real estate financing | vdpGrundpfandrechte |
| Law and real estate financing | vdpRechtsmonitoring |
| Real estate valuation | Valuation parameters |
| Real estate valuation | Valuation software |
| Real estate valuation | Inspection app |
| Real estate valuation | Analysis systems |
| Real estate valuation | vdpAuftragsmanagement |
| Real estate valuation | Portfolio analysis |
| Real estate valuation | Property information system LIS |
| Standardisation and qualification | HypZert certification |
| Standardisation and qualification | Specialist seminars |
| Standardisation and qualification | Valuer qualification |
| Standardisation and qualification | HypZert young talent development |
| Standardisation and qualification | Country seminars |
| Standardisation and qualification | Qualification for mortgage advisors |
| Standardisation and qualification | Qualification for property inspectors |
| Standardisation and qualification | Professional development for real estate valuers |
| Standardisation and qualification | Studies and study letters |
| Sustainability and climate change | K.A.R.L.® |
| Sustainability and climate change | vdpRetrofit |
| Sustainability and climate change | HypZert ESG Scoring |
| Sustainability and climate change | TAXO TOOL |
| Sustainability and climate change | VIDA |
| AI | AI microservices |
| AI | Chatbot CHARLI |
| AI | AI strategy |
At the heart of vdpResearch's activities is a transaction database that is unique in Germany. Around 600 banks now submit transaction data from their real estate financing business every quarter. In addition to the purchase price and purchase date, the data includes information on the property's macro and micro location, its age and features, and other price-influencing variables.
Since 2007, vdpResearch's monitoring service has tracked price developments in Germany's real estate markets as a continuous market observation system. The monitoring provides representative oversight of property values in accordance with Article 208 (3) of the Capital Requirements Regulation (CRR).
vdpResearch regularly publishes transaction-based rent and price indices covering developments in Germany's real estate markets. Fifteen sub-indices are produced every quarter, covering the most important segments of the German real estate market.
vdpResearch forecasts developments in residential and commercial real estate markets in Germany and abroad. Its structural-model-based forecasts are highly differentiated by region and subject. For example, rents, prices, new construction activity and the degree of market tightness are forecast for different market segments.
vdpExpertise's LGD Grading is a supervisory-recognised procedure for determining the most important parameters used to estimate loss given default (LGD) for commercial and residential real estate. It enables classified, property-specific determination of recovery rates and workout periods.
To assess regional market risks, vdpResearch regularly classifies Germany's regional markets for different property types. The classifications are based on a very comprehensive regional market database. Depending on the question, mathematical and statistical methods are used to analyse the information it contains and condense it into indicators.
vdpResearch determines discounts for calculating a Property Value on the basis of market value. The amended CRR introduces significant changes to real estate valuation. The previous option between market value and mortgage lending value anchored in Article 229 CRR is replaced by Property Value as the sole value concept for preferential capital treatment.
vdp and vdpResearch have developed a discount method that can be applied to market value. The basic idea is to break down a property price time series into trend and cycle components. Property Value, as a prudent sustainable value that disregards price exaggerations, is capped at the long-term trend. Cyclical components, meaning short-term market exaggerations, are filtered out using an adjustment mechanism.
vdpKommunalScore is a scorecard model for assessing the financial strengths and weaknesses of all municipalities in Germany. By analysing selected indicators, it gives lenders immediately available support for the economic assessment of more than 12,000 regional authorities in the Federal Republic of Germany.
Consulting services to prepare for and support cover audits, annual financial statement audits and audits pursuant to Section 44 of the German Banking Act
Consulting services for converting valuation processes to the German Regulation on the Determination of the Mortgage Lending Value or to valuation guidelines that comply with supervisory requirements
Advice and support for applying for a licence to conduct Pfandbrief business
Optimisation of the lending process with a focus on real estate collateral
vdp aims to improve the transparency of covered bond law in Europe. Cross-border information is intended to make it easier to compare the legal situation in individual countries. To this end, vdp established the Round Table Covered Bond Legislation as an independent think tank at the end of 2010.
To promote transparency and comparability in international valuation approaches, HypZert established the Round Table Valuation. Real estate valuation specialists from different countries regularly exchange ideas in this independent panel of experts. The aim is to answer key real estate valuation questions across borders and systematically prepare and make accessible the differences and similarities. This creates a valuable reference work that facilitates international understanding and comparability in valuation practice.
In a permanent workshop at the Association of German Pfandbrief Banks, experts from more than 30 jurisdictions analyse the legal relationships of land charges, properties, equivalent rights and property companies in an international comparison. The results are recorded in the vdpGrundpfandrechte database.
vdpRechtsmonitoring examines legislative changes and new case law in numerous countries and summarises them in country reports twice a year.
vdpResearch provides valuation-relevant data for market and mortgage lending value determination. This includes standard land values, construction costs, asset value factors, comparable prices and rents, property yields and capitalisation rates, and total and remaining useful life. The vdpResearch transaction database provides the underlying data.
vdpIB+, the digital solution for your real estate valuation, provides comprehensive support for the banking process of determining market and mortgage lending values. This support comprises a comprehensive valuation system that goes beyond valuation itself and includes numerous management and user aids as well as optional program extensions, ranging from valuation-relevant property and market data, maps and location assessments that empirically support valuation and significantly accelerate the process.
Digital real estate inspections – the VR-ImmoBesichtigung app can be used to produce inspection reports that comply with the German Regulation on the Determination of the Mortgage Lending Value. It was designed and developed by vdpResearch and Atruvia AG with the involvement of the National Association of German Cooperative Banks (BVR). The app is available to inspectors from banks affiliated with Atruvia AG.
K.A.R.L.® is an expert system for detecting, calculating and quantifying risks from natural hazards worldwide. The system provides an established approach for analysing exposure to natural hazards.
In cooperation with vdpResearch, VIDA supports banks with location-specific climate analyses for real estate so they can make informed decisions about climate, environmental and biodiversity risks and meet compliance requirements.
Portfolio analysis using the geo real estate information system developed by vdpResearch. The system analyses and presents all price-determining spatial information, including socio-economic and demographic characteristics, market data, points of sale, public infrastructure and the flood risk of the real estate portfolio.
The vdpResearch Property Information System LIS provides sound property and market data for the valuation of residential real estate. The data, which meets the regulations governing market and mortgage lending value determination, is compiled in a report.
vdpAuftragsmanagement simplifies daily work, from creating and monitoring orders through to their return. The web-based application was developed by reVex Immobilienbewertung GmbH and is based on a system that has proved successful in practice for many years, now specifically adapted to the vdpResearch environment.
HypZert GmbH is a company of the leading associations of the German financial sector. Since 1996, HypZert has certified real estate valuers according to the demanding and internationally recognised criteria of ISO/IEC 17024, thereby ensuring the highest degree of comparability and transparency in real estate markets.
At vdpPfandbriefAkademie's specialist seminars, participants receive up-to-date background information on relevant topics from the fields of Pfandbrief banks, valuation and real estate financing.
Online qualification in accordance with the German Regulation on the Determination of the Mortgage Lending Value or the German Residential Property Credit Directive for valuing residential properties within the small loan limit
The HypZert student programme is aimed specifically at students of real estate disciplines and introduces them to HypZert, potential employers and the real estate valuation profession while they are still studying. Certified valuers can take part in the HypZert exchange programme and many other initiatives.
vdpPfandbriefAkademie regularly offers seminars that provide an overview of the legal and economic developments of recent years relevant to real estate financing in different countries.
Together with experts, vdpPfandbriefAkademie has developed a modular e-learning qualification. The qualification is based on the requirements of the German Immobiliar-Darlehensvergabe-Sachkunde-Verordnung. These have been compactly prepared in seven learning units comprising a total of ten modules. This enables participants to supplement and refresh their specialist knowledge regardless of time and place.
Online qualification in accordance with the German Residential Property Credit Directive or the German Regulation on the Determination of the Mortgage Lending Value for inspecting residential property within the small loan limit: no mortgage lending value without an inspection. For properties below the small loan limit, however, an inspection may also be carried out by an external inspector. This e-learning course qualifies the inspector.
Whether with our experts on site or conveniently from home, we place great importance on a high standard of training and continuous professional development for HypZert valuers. The key is an up-to-date range of professional development opportunities at a high technical level.
The studies produced by HypZert specialist groups have become a standard in real estate valuation and serve as practical aids for daily valuation tasks. The study letters developed by vdp and HypZert together with specialist authors provide comprehensive training material for education and examination preparation for the HypZert real estate valuer qualification. The study letters are regularly updated by vdpPfandbriefAkademie and are available to HypZert valuers.
K.A.R.L.® is an expert system developed by vdpResearch, vdp and Köln.Assekuranz for the worldwide detection, calculation and quantification of risks from natural hazards.
K.A.R.L.® produces an automated location analysis for any requested address covering seven different natural hazards. Based on specially developed vulnerability and sensitivity curves, the maximum loss ratio and maximum loss amount if a specific natural event occurs are calculated for each property at its precise location within minutes.
Targeted refurbishment measures can make buildings not only more climate-friendly, but also more economical. This is where vdpRetrofit comes in: the digital analysis tool evaluates the energy condition of buildings and precisely identifies refurbishment potential.
HypZert ESG Scoring is an innovative, standardised method for assessing the sustainability risks of real estate. It considers not only traditional valuation factors, but also integrates key ESG criteria such as environmental impacts, land characteristics, building features and energy efficiency. The application provides a pragmatic solution for assessing ESG and sustainability risks and gives you an at-a-glance visualisation of a property's sustainability characteristics. The scoring model was developed specifically for real estate valuation requirements.
vdpResearch, the Association of German Public Sector Banks (VÖB), its subsidiary VÖB-Service GmbH and its cooperation partner Dydon AG jointly offer an artificial-intelligence-based software solution for implementing the EU taxonomy for sustainable investments. The application is used through cloud computing as Software as a Service within our vdpIB+ software solution for real estate valuation.
In cooperation with vdpResearch, VIDA supports banks with location-specific climate analyses for real estate so they can make informed decisions about climate, environmental and biodiversity risks and meet compliance requirements.
vdpResearch has developed various AI microservices to support valuers in their daily work:
• Location assessment: data fusion from public data sources into a structured location analysis
• Property description: analysis of images and floor plans to produce a property description
• Energy performance certificate: automatic extraction of all relevant energy data from PDF
• Land register extract: the AI currently extracts basic data and the contents of the inventory automatically
As an intelligent assistant, CHARLI combines computer-assisted analysis, comprehensive research and continuous learning to support HypZert valuers. It contains extensive knowledge from the HypZert world, including all HypZert studies and study letters as well as numerous market reports and other validated sources.
vdpOneStop
Digital applications and specialist solutions from the vdpOneStop network.
KI-Lösung zur Umsetzung der EU-Taxonomie
Analyse von Naturgefahren und Klimarisiken
Analyse von physischen Risiken und der Biodiversität
Bewertung der Nachhaltigkeit von Gebäuden
Repräsentative Immobilienwert-Überwachung nach CRR-Regeln.
KI-gestützte Microservices für effiziente Immobilienbewertung.
DSGVO-konforme Videobesichtigung für rechtssichere Immobilienbewertungen.
BelWertV-konforme digitale Immobilienbesichtigung per App.
Modellbasierte Miet- und Preisprognosen für Immobilienmärkte.
Webportal zur effizienten Verwaltung von Immobilienbewertungsaufträgen.
CRR-III-konformer Property Value aus nachhaltigen Marktwerten.
Dashboard zur Analyse von Gewerbeobjekten.
Analyse energetischer Sanierungsmöglichkeiten
Gutachtenvalidierung mit multimodalem LLM.
About us
vdpOneStop is an anchor site of vdpExpertise GmbH and its sister companies. The site reflects the enormous range of services covering real estate valuation, real estate financing and standardisation.
At a later date, it will be possible to access all digital applications in the network via this site with a single login.
vdpOneStop already provides a comprehensive overview of all products in this high-performance network.
The vdpExpertise supports its customers with consulting services for risk models in the recovery of land charges and for so-called low-default portfolios, such as countries and local authorities. Its services are available to vdp member institutions as well as non-members.
The vdpConsulting is a specialised consulting company for the German credit and real estate sector. Its consulting focuses on the entire process of real estate financing and covered refinancing.
The vdpResearch is the real estate market research company of the Association of German Pfandbrief Banks. From a credit industry perspective, it focuses intensively on analysing, assessing and forecasting real estate market prices.
The vdpPfandbriefAkademie offers education and training at a high professional level. Its programme is aimed at everyone active in real estate valuation, real estate financing and real estate investment in Germany and abroad.
The HypZert is a company of the vdp and the other leading associations of the German financial industry organised within the German Banking Industry Committee. Since 1996, it has certified real estate valuers according to demanding and internationally recognised criteria, ensuring the highest degree of comparability and transparency in real estate markets.
