DIX Deutscher Immobilien Index

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The German property index (DIX Deutscher Immobilien Index) is a performance index, which is published annually. The index measures ungeared total returns to direct property investments. Investors and manager use this index to compare property returns with those of other major asset classes and assess property performance in different market sectors. Therefore this property index has been specifically developed to be as consistent as possible with those used in mainstream investment analysis. In 2006 total value of the properties covered by the German property index (DIX) Databank was €53.8 bn, representing 21% of the value of the holdings of the financial institutions and quoted property companies. However, €53.8 bn represent close to 50% of the relevant measurable German investment market with an annual valuation. All growth and index calculations are value-weighted, meaning that each property contributes to the result in proportion to its capital employed and are compounded monthly to report industry standard time weighted measures.