vdpResearch

What vdpResearch does

vdpResearch GmbH is a Berlin-based B2B SaaS analytics provider serving the German mortgage lending industry, founded in 2008 and owned by three German banking industry associations (vdp, BVR, and S-Management Service representing the Sparkassen). The company operates Germany's only real estate transaction database, fed quarterly by over 700 credit institutions since 2004 and capturing 60-70% of all German real estate transactions across 8 property types at postcode level. This data foundation underwrites the firm's product portfolio, which is organized into two pillars: core analytics (quarterly property price indices, market monitoring, forecasts, and historical price time series compliant with BelWertV Section 3(2)) and a suite of valuation and ESG tools including vdpBELLA+ (commercial property valuation), vdpIB+ (BelWertV-compliant computer-assisted valuation), LIS (property information reports for HypZert-certified appraisers), vdpVerifAI (AI plausibility checking), and the January 2026 KI-Microservices suite covering location assessment, object description, land registry extraction, and energy certificate processing under a usage-based pricing model. ESG offerings extend to natural hazard analysis (K.A.R.L.®), climate and biodiversity risk (VIDA, in partnership with VIDA.place), building energy assessment (vdpRetrofit), and EU Taxonomy compliance (TAXO-TOOL, methodology developed with Drees & Sommer). vdpResearch distributes primarily through direct enterprise SaaS subscriptions (annual contracts, 12-month minimum term) to German credit institutions, with a Mikrolocation-API integrated into NORD/LB's rex valuation software as the reference API deployment, and through the HypZert Shop for benchmark reports to certified appraisers. The company holds ISO/IEC 27001:2022 certification (since 2024), has voluntarily completed EcoVadis CSR assessment, and jointly publishes a new commercial real estate price index with Deutsche Bundesbank as of May 2026.

Name

vdpResearch

Legal name

vdpResearch GmbH

Website

https://vdpresearch.de

Company type

Private

Founded year

2008

Operating status

Operating

Headcount range

11–50 employees

Short description

vdpResearch is a Berlin-based B2B SaaS provider of real estate market analytics and valuation tools for the German credit industry, built on a unique transaction database fed by 700+ credit institutions and used by over 90% of German banks.

Ownership category

akta.pro rank

Product category

Real Estate Analytics & Property Valuation Software

NAICS

Offices of Real Estate Appraisers (53132)

SIC

Services-Computer Programming, Data Processing, Etc. (7370), Services-Computer Processing & Data Preparation (7374)

akta.pro industry

PRIMARYFSALALAJ

Automated Valuation Models (AVM) & Property Data/Analytics

Financial & Insurance/Mortgage & Housing Finance/Mortgage Technology, Underwriting & Valuation Services (LOS/AUS/Appraisal)

SECONDARYBPAJAKAN

Appraisal Review & Quality Assurance Services

Business & Public Services/Real Estate Services (Brokerage, Property Management)/Real Estate Valuation & Appraisal Services

Keywords

• Real estate analytics
• Property valuation software
• Mortgage lending data
• Property price indices
• Real estate market intelligence

Headquarters

HQ city

Berlin

HQ country

Germany

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure, Others

Revenue model

1. SaaS Subscriptions (Immobilienbewertung & Marktdaten): The primary revenue model is SaaS subscriptions for accessing property valuation tools, price indices, monitoring data, and market forecasts. Customers pay recurring fees for access to platforms like LIS, vdpBELLA+, vdpIB+, and monitoring dashboards.
2. Benchmark Reports & Publications: Sale of specialized benchmark reports such as the Top 15% Benchmark reports (via HypZert Shop) and country-specific benchmarks for Europe, Canada and USA. Also Trendviertel special prints distributed through Handelsblatt.
3. API/Usage-Based Services: AI microservices operate on a usage-based pricing model where customers pay for what they use, providing cost transparency and planning security. API access to microlocation data is provided to partners like NORD/LB.
4. Professional Services / Consulting: Individual agreements, consulting, and support services as specified in AVB terms, billed at daily rates.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels7 records

Core offering

vdpResearch provides a B2B SaaS analytics platform that aggregates quarterly real estate transaction data from over 700 German credit institutions into the country's leading transaction database (since 2004). On top of that database it sells property price indices, market monitoring, forecasts, valuation systems (vdpBELLA+, vdpIB+), a property information portal (LIS), AI microservices for appraisal automation, and ESG/climate/taxonomy compliance tools (K.A.R.L., VIDA, vdpRetrofit, TAXO-TOOL) to German banks, appraisers and ESG teams.

Product overview

vdpResearch is a property analytics and market intelligence company serving the German mortgage lending industry since 2008. Its product portfolio is organized into two main pillars: (1) core analytics products comprising property price indices, market monitoring, price forecasts, and market price time series — all built on Germany's unique transaction database fed by over 700 credit institutions; and (2) a suite of valuation and ESG tools including vdpBELLA+ (commercial property valuation), vdpIB+ (computer-assisted valuation), LIS (property information reports), vdpVerifAI (appraisal plausibility checking), and KI-Microservices (four AI-powered services for location assessment, object description, land registry, and energy certificates). ESG offerings include K.A.R.L.® (natural hazard analysis), VIDA (climate/biodiversity risk), vdpRetrofit (energy assessment), and TAXO-TOOL (taxonomy compliance). The company operates as a SaaS provider and partners with institutions like NORD/LB (API integration), Deutsche Bundesbank (commercial real estate index), and Sparkassen-Finanzgruppe (data sharing).

Differentiator

Problem solved

Functional benefit

Brands

• vdpBELLA+: Analysis tool for all types of commercial real estate in Germany.
• vdpIB+ (formerly CIB+)
• vdpRetrofit
• vdpVerifAI
• LIS (Liegenschafts-Informations-System)
• K.A.R.L.
• VIDA
• TAXO TOOL
• KI-Microservices

Products and services

• Property Price Indices (Preisindizes) Property price indices tracking residential and commercial real estate price development across Germany, including Top 7 cities indices and sector-specific sub-indices; built on the unique transaction database. Subscription-based analytics product for German credit institutions and Pfandbrief issuers.
• Real Estate Market Monitoring Real estate market monitoring system that detects market fluctuations and price changes early, covering 8 property types at postal code level annually; based on data from over 700 credit institutions representing 60-70% of all German property transactions. Used by over 90% of German credit institutions for collateral portfolio monitoring.
• Forecasts (Prognosen) Model-based predictions of residential and commercial rents and prices for all of Germany, supporting strategic investment and risk decisions for banks and institutional investors.
• Market Price Time Series (Marktpreiszeitreihen) Long historical data series of property prices by property type, region, and time period, supporting compliance with BelWertV Section 3(2) requirements for German mortgage lending collateral valuation.
• vdpBELLA+ Computer-supported property valuation system for all types of commercial real estate in Germany; compliant with German regulatory requirements. Used by credit institutions for commercial property collateral valuation.
• vdpIB+ Computer-assisted real estate valuation system compliant with German BelWertV regulations, providing property valuation support for financial institutions. Available with a demoversion for evaluation.
• Liegenschafts-Informations-System (LIS) Web-based property information portal providing comprehensive PDF reports with property data, location data (including flood risk and micro-location scores), and market data (demographics, construction activity, rents, prices) for residential property valuation. Restricted to HypZert-certified appraisers.
• KI-Microservices (AI Microservices) Four AI-powered microservices: Location Assessment (automatic neighborhood analysis with address input), Object Description (structured property descriptions from images/floor plans), Land Registry Excerpt (text extraction from land register documents), and Energy Certificate (extraction of energy performance data). Sold via pay-per-use model with a 4-week free trial to appraisers, banks and real estate experts.
• vdpVerifAI AI-supported plausibility checking tool for real estate appraisal reports, used to identify errors and inconsistencies in valuation documents.
• K.A.R.L.® (Naturgefahren-Analyse) Global natural hazard identification, calculation, and quantification tool covering risks from natural disasters worldwide for use in property risk assessment.
• VIDA Location-specific analyses of natural hazards, climate risks, and biodiversity tailored to different building types, supporting property-level climate and biodiversity risk assessment.
• vdpRetrofit Tool for assessing the energy condition of buildings and identifying renovation/retrofit potential, supporting ESG strategy and taxonomy-aligned real estate financing.
• TAXO-TOOL Taxonomy compliance verification tool for investments, helping financial institutions verify EU Taxonomy alignment of their real estate financing portfolios.
• Commercial Real Estate Price Index (Gewerbeimmobilienpreisindex) New commercial real estate price index jointly developed and published with Deutsche Bundesbank. Based on the market fluctuation database for regulatory purposes combining the vdpResearch transaction database and the Sparkassen ZIMDB. Covers multi-family houses, office and retail across regional demarcations, with Top 7 cities sub-index. Historical data back to Q1 2013.
• Top 15% Benchmark Reports Benchmark reports enabling credit institutions to verify and demonstrate taxonomy compliance of real estate financing, identifying the Top 15% energy-efficient buildings per country and asset class (residential, commercial, office, hotel, logistics). German reports distributed via HypZert Shop; international reports (Europe, Canada, USA) via vdpResearch.
• Microlocation API (Mikrolage-API) Automated microlocation assessment service delivered via API, providing location scores and facility data (education, public transport, health, leisure, dining, shopping, accommodation) within 5km radius plus regional connectivity. Uses proprietary statistical methodology and is integrated directly into partner valuation systems (e.g., NORD/LB rex).

Quantifiable outcome

• Over 90% of German credit institutions use vdpResearch monitoring
• +3 more outcomes

Named customers5 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

AI capability8 records

Feature13 records

Partnerships

Eight partnerships are on record, tiered core and minor.

• Deutsche BundesbankcoreStrategic or Co-development Partner · 13 May 2026Deutsche Bundesbank and vdpResearch jointly developed and now publish new commercial real estate price indices (Gewerbeimmobilienpreisindex). The indices are based on the market fluctuation database for regulatory purposes, combining the vdpResearch transaction database (with data from 700+ banks) and the Zentralen Immobilienmarktdatenbank (ZIMDB) of Sparkassen-Finanzgruppe. The joint indices cover multi-family houses, office and retail properties across regional demarcations, aggregated into a Germany index.
• NORD/LBcoreTechnology or Integration · 1 December 2020NORD/LB integrates vdpResearch's microlocation data service into their rex property valuation system via API. This enables automated location assessment with scores and facility data delivered directly into NORD/LB's appraisal workflow without media breaks. The partnership exemplifies API-first product delivery to enterprise customers.
• VIDA.placecoreStrategic or Co-development PartnerStrategic partnership between vdpResearch and VIDA.place enables innovative property valuation with biodiversity and climate data. The partnership addresses increasing risks from biodiversity and climate change with current and future-oriented data for property valuations.
• Drees & SommercoreStrategic or Co-development PartnerDrees & Sommer developed the methodology for the Top 15% Benchmark reports commissioned by vdp and vdpResearch. These reports support credit institutions in verifying and demonstrating taxonomy compliance of real estate financing. The benchmarks are updated regularly (most recently May 2026) and cover different countries and asset classes (residential, commercial, office, hotel, logistics).
• Gutachterausschüsse Baden-WürttembergminorStrategic or Co-development PartnerCooperation with Gutachterausschüsse (expert committees) in Baden-Württemberg for market transparency. The collaboration involves data sharing and joint initiatives to improve real estate market data quality.
• HypZertcoreChannel Partner/ Reseller/ DistributorHypZert-certified appraisers and HypZert-qualified small-loan assessors have exclusive access to the Liegenschafts-Informations-System (LIS). HypZert also serves as a distribution channel for Top 15% Benchmark reports through its online shop.
• Verband deutscher Pfandbriefbanken (vdp)coreStrategic or Co-development Partnervdp commissioned vdpResearch to calculate the vdp-Immobilienpreisindex on behalf of the Association of German Pfandbrief Banks. vdp is a founding shareholder and primary commissioning client, representing the core institutional relationship.
• Sparkassen-Finanzgruppe (ZIMDB)coreTechnology or IntegrationThe Zentralen Immobilienmarktdatenbank (ZIMDB) of Sparkassen-Finanzgruppe provides data that feeds into the Marktschwankungsdatenbank used for monitoring. S-Management Service GmbH represents the Sparkassen group as a shareholder in vdpResearch.

Scale indicators10 records

Recent moves7 records

Expansion highlights6 records

Broad incumbents

• CBRE Group: Global commercial real estate services and investment firm with extensive property analytics and valuation capabilities. Comparable as a broad incumbent offering real estate data and valuation tools to large financial institutions in Germany.
• JLL (Jones Lang LaSalle): Global real estate investment and advisory firm with significant property research and data analytics products serving institutional and banking clients. Comparable at the data and advisory layer, though broader than vdpResearch's German-focused niche.
• CoStar Group: Dominant global commercial real estate data and analytics platform (CoStar, LoopNet, Apartments.com). Comparable as a large-scale property data and analytics incumbent expanding internationally, including into Europe.
• MSCI Real Estate: Global provider of real estate indices, analytics, and benchmarking for institutional investors and lenders. Comparable to vdpResearch's index and ESG/benchmarking products at the global/international level.

Direct peers

• bulwiengesa AG: Leading German independent real estate market research and analytics firm, producing property indices, market reports, and forecasts for institutional investors and lenders. Highly comparable to vdpResearch's core property price index and monitoring business in Germany.
• Sprengnetter Real Estate Analytics: German provider of property valuation software, market data, and analytics for banks, appraisers, and Sparkassen. Overlaps directly with vdpResearch's vdpIB+, vdpBELLA+, and LIS valuation-tooling portfolio.
• FOCUS GmbH: Specialized provider of German real estate market data and price indices, including the Deutsche Bank-backed FOCUS Immobilienpreisindex. Direct overlap with vdpResearch's index and benchmarking offerings.
• VALUE AG: German independent real estate valuation and analytics firm serving Pfandbrief banks, Sparkassen, and cooperative banks. Comparable customer base and product set (valuation, market data, ESG) to vdpResearch.

Others

• Drees & Sommer: European real estate consulting, engineering, and ESG advisory firm that co-developed the Top 15% Benchmark methodology with vdpResearch. Closely adjacent via partnership and overlapping end-customers in taxonomy and ESG analytics.

Emerging players

• Europace AG: German mortgage and real estate finance platform owned by Hypoport, serving banks, brokers, and consumers with transaction infrastructure. Adjacent to vdpResearch through shared banking customers and real estate data needs.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/vdpresearch-gmbh
• Xx.com/vdpResearch

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about vdpResearch