<?xml version="1.0" encoding="UTF-8"?>

<CompactData xmlns="http://www.SDMX.org/resources/SDMXML/schemas/v2_0/message" xmlns:bbk="http://www.bundesbank.de/statistik/zeitreihen/BBKcompact" xmlns:compact="http://www.SDMX.org/resources/SDMXML/schemas/v2_0/compact" xmlns:xsl="http://www.w3.org/2001/XMLSchema-instance" xsl:schemaLocation="http://www.SDMX.org/resources/SDMXML/schemas/v2_0/message schemas/SDMXMessage.xsd http://www.bundesbank.de/statistik/zeitreihen/bbkcompact schemas/BBKCompactData.xsd http://www.SDMX.org/resources/SDMXML/schemas/v2_0/compact schemas/SDMXCompactData.xsd">
  <Header>
    <ID>BBSF2_M_1_G_00000_IMM01_I_F_AVB_Z5_00000_000000_Z01_00</ID>
    <Test>false</Test>
    <Truncated>false</Truncated>
    <Prepared>2026-05-02T16:34:19</Prepared>
    <Sender id="BBK">
      <Name xml:lang="de">Deutsche Bundesbank</Name>
      <Contact>
        <Email>presse-information@bundesbank.de</Email>
      </Contact>
    </Sender>
  </Header>
  <bbk:DataSet datasetID="BBK_SEFU2">
    <bbk:Series FREQ="M" BBK_ID="BBSF2.M.1.G.00000.IMM01.I.F.AVB.Z5.00000.000000.Z01.00" DECIMALS="0" UNIT="Euro" UNIT_MULT="6" BBK_TITLE="Geschlossene Investmentvermögen / Geschlossene Immobilienfonds / Summe der Verbindlichkeiten" BBK_TITLE_ENG="Closed-end Funds / Closed-end Real-Estate Funds / Sum of liabilities (excluding fund assets)">
      <bbk:Obs TIME_PERIOD="2026-02" OBS_VALUE="16574.0" BBK_DIFF="-0.2" BBK_DIFF_Y="-9.6"/>
      <bbk:Obs TIME_PERIOD="2026-01" OBS_VALUE="16610.0" BBK_DIFF="-0.1" BBK_DIFF_Y="-8.9"/>
      <bbk:Obs TIME_PERIOD="2025-12" OBS_VALUE="16623.0" BBK_DIFF="-4.5" BBK_DIFF_Y="-7.0"/>
      <bbk:Obs TIME_PERIOD="2025-11" OBS_VALUE="17411.0" BBK_DIFF="-0.6" BBK_DIFF_Y="-2.6"/>
      <bbk:Obs TIME_PERIOD="2025-10" OBS_VALUE="17518.0" BBK_DIFF="-0.1" BBK_DIFF_Y="-1.4"/>
      <bbk:Obs TIME_PERIOD="2025-09" OBS_VALUE="17536.0" BBK_DIFF="-0.2" BBK_DIFF_Y="-1.3"/>
      <bbk:Obs TIME_PERIOD="2025-08" OBS_VALUE="17564.0" BBK_DIFF="0.0" BBK_DIFF_Y="-1.8"/>
      <bbk:Obs TIME_PERIOD="2025-07" OBS_VALUE="17567.0" BBK_DIFF="0.5" BBK_DIFF_Y="-0.6"/>
      <bbk:Obs TIME_PERIOD="2025-06" OBS_VALUE="17485.0" BBK_DIFF="-0.2" BBK_DIFF_Y="-1.2"/>
      <bbk:Obs TIME_PERIOD="2025-05" OBS_VALUE="17523.0" BBK_DIFF="0.0" BBK_DIFF_Y="-1.2"/>
      <bbk:Obs TIME_PERIOD="2025-04" OBS_VALUE="17518.0" BBK_DIFF="-0.1" BBK_DIFF_Y="-2.5"/>
      <bbk:Obs TIME_PERIOD="2025-03" OBS_VALUE="17530.0" BBK_DIFF="-4.4" BBK_DIFF_Y="-2.5"/>
      <bbk:Obs TIME_PERIOD="2025-02" OBS_VALUE="18334.0" BBK_DIFF="0.6" BBK_DIFF_Y="3.6"/>
      <bbk:Obs TIME_PERIOD="2025-01" OBS_VALUE="18225.0" BBK_DIFF="1.9" BBK_DIFF_Y="3.6"/>
      <bbk:Obs TIME_PERIOD="2024-12" OBS_VALUE="17884.0" BBK_DIFF="0.0" BBK_DIFF_Y="1.2"/>
      <bbk:Obs TIME_PERIOD="2024-11" OBS_VALUE="17878.0" BBK_DIFF="0.6" BBK_DIFF_Y="2.8"/>
      <bbk:Obs TIME_PERIOD="2024-10" OBS_VALUE="17772.0" BBK_DIFF="0.0" BBK_DIFF_Y="1.8"/>
      <bbk:Obs TIME_PERIOD="2024-09" OBS_VALUE="17767.0" BBK_DIFF="-0.7" BBK_DIFF_Y="2.3"/>
      <bbk:Obs TIME_PERIOD="2024-08" OBS_VALUE="17895.0" BBK_DIFF="1.2" BBK_DIFF_Y="3.5"/>
      <bbk:Obs TIME_PERIOD="2024-07" OBS_VALUE="17680.0" BBK_DIFF="-0.1" BBK_DIFF_Y="2.8"/>
      <bbk:Obs TIME_PERIOD="2024-06" OBS_VALUE="17705.0" BBK_DIFF="-0.2" BBK_DIFF_Y="-0.1"/>
      <bbk:Obs TIME_PERIOD="2024-05" OBS_VALUE="17731.0" BBK_DIFF="-1.3" BBK_DIFF_Y="3.0"/>
      <bbk:Obs TIME_PERIOD="2024-04" OBS_VALUE="17962.0" BBK_DIFF="-0.1" BBK_DIFF_Y="3.2"/>
      <bbk:Obs TIME_PERIOD="2024-03" OBS_VALUE="17977.0" BBK_DIFF="1.6" BBK_DIFF_Y="5.6"/>
      <bbk:Obs TIME_PERIOD="2024-02" OBS_VALUE="17702.0" BBK_DIFF="0.6" BBK_DIFF_Y="6.1"/>
      <bbk:Obs TIME_PERIOD="2024-01" OBS_VALUE="17597.0" BBK_DIFF="-0.4" BBK_DIFF_Y="5.2"/>
      <bbk:Obs TIME_PERIOD="2023-12" OBS_VALUE="17665.0" BBK_DIFF="1.5" BBK_DIFF_Y="1.8"/>
      <bbk:Obs TIME_PERIOD="2023-11" OBS_VALUE="17396.0" BBK_DIFF="-0.3" BBK_DIFF_Y="0.3"/>
      <bbk:Obs TIME_PERIOD="2023-10" OBS_VALUE="17457.0" BBK_DIFF="0.5" BBK_DIFF_Y="0.4"/>
      <bbk:Obs TIME_PERIOD="2023-09" OBS_VALUE="17368.0" BBK_DIFF="0.5" BBK_DIFF_Y="-0.5"/>
      <bbk:Obs TIME_PERIOD="2023-08" OBS_VALUE="17282.0" BBK_DIFF="0.5" BBK_DIFF_Y="-0.6"/>
      <bbk:Obs TIME_PERIOD="2023-07" OBS_VALUE="17192.0" BBK_DIFF="-3.0" BBK_DIFF_Y="-0.6"/>
      <bbk:Obs TIME_PERIOD="2023-06" OBS_VALUE="17716.0" BBK_DIFF="2.9" BBK_DIFF_Y="2.7"/>
      <bbk:Obs TIME_PERIOD="2023-05" OBS_VALUE="17213.0" BBK_DIFF="-1.1" BBK_DIFF_Y="-0.5"/>
      <bbk:Obs TIME_PERIOD="2023-04" OBS_VALUE="17407.0" BBK_DIFF="2.2" BBK_DIFF_Y="1.9"/>
      <bbk:Obs TIME_PERIOD="2023-03" OBS_VALUE="17025.0" BBK_DIFF="2.0" BBK_DIFF_Y="-0.4"/>
      <bbk:Obs TIME_PERIOD="2023-02" OBS_VALUE="16687.0" BBK_DIFF="-0.2" BBK_DIFF_Y="-2.1"/>
      <bbk:Obs TIME_PERIOD="2023-01" OBS_VALUE="16724.0" BBK_DIFF="-3.6" BBK_DIFF_Y="-1.3"/>
      <bbk:Obs TIME_PERIOD="2022-12" OBS_VALUE="17354.0" BBK_DIFF="0.1" BBK_DIFF_Y="2.4"/>
      <bbk:Obs TIME_PERIOD="2022-11" OBS_VALUE="17341.0" BBK_DIFF="-0.2" BBK_DIFF_Y="3.0"/>
      <bbk:Obs TIME_PERIOD="2022-10" OBS_VALUE="17380.0" BBK_DIFF="-0.4" BBK_DIFF_Y="2.9"/>
      <bbk:Obs TIME_PERIOD="2022-09" OBS_VALUE="17450.0" BBK_DIFF="0.4" BBK_DIFF_Y="7.5"/>
      <bbk:Obs TIME_PERIOD="2022-08" OBS_VALUE="17379.0" BBK_DIFF="0.5" BBK_DIFF_Y="7.5"/>
      <bbk:Obs TIME_PERIOD="2022-07" OBS_VALUE="17289.0" BBK_DIFF="0.2" BBK_DIFF_Y="4.6"/>
      <bbk:Obs TIME_PERIOD="2022-06" OBS_VALUE="17251.0" BBK_DIFF="-0.3" BBK_DIFF_Y="2.9"/>
      <bbk:Obs TIME_PERIOD="2022-05" OBS_VALUE="17306.0" BBK_DIFF="1.3" BBK_DIFF_Y="4.3"/>
      <bbk:Obs TIME_PERIOD="2022-04" OBS_VALUE="17091.0" BBK_DIFF="0.0" BBK_DIFF_Y="3.1"/>
      <bbk:Obs TIME_PERIOD="2022-03" OBS_VALUE="17090.0" BBK_DIFF="0.3" BBK_DIFF_Y="-0.9"/>
      <bbk:Obs TIME_PERIOD="2022-02" OBS_VALUE="17037.0" BBK_DIFF="0.5" BBK_DIFF_Y="-0.7"/>
      <bbk:Obs TIME_PERIOD="2022-01" OBS_VALUE="16944.0" BBK_DIFF="0.0" BBK_DIFF_Y="-3.2"/>
      <bbk:Obs TIME_PERIOD="2021-12" OBS_VALUE="16944.0" BBK_DIFF="0.7" BBK_DIFF_Y="-2.0"/>
      <bbk:Obs TIME_PERIOD="2021-11" OBS_VALUE="16829.0" BBK_DIFF="-0.4" BBK_DIFF_Y="-5.6"/>
      <bbk:Obs TIME_PERIOD="2021-10" OBS_VALUE="16890.0" BBK_DIFF="4.0" BBK_DIFF_Y="-4.8"/>
      <bbk:Obs TIME_PERIOD="2021-09" OBS_VALUE="16235.0" BBK_DIFF="0.5" BBK_DIFF_Y="-4.4"/>
      <bbk:Obs TIME_PERIOD="2021-08" OBS_VALUE="16161.0" BBK_DIFF="-2.2" BBK_DIFF_Y="-4.9"/>
      <bbk:Obs TIME_PERIOD="2021-07" OBS_VALUE="16530.0" BBK_DIFF="-1.4" BBK_DIFF_Y="-2.1"/>
      <bbk:Obs TIME_PERIOD="2021-06" OBS_VALUE="16760.0" BBK_DIFF="1.0" BBK_DIFF_Y="-0.6"/>
      <bbk:Obs TIME_PERIOD="2021-05" OBS_VALUE="16593.0" BBK_DIFF="0.1" BBK_DIFF_Y="-1.1"/>
      <bbk:Obs TIME_PERIOD="2021-04" OBS_VALUE="16570.0" BBK_DIFF="-3.9" BBK_DIFF_Y="-2.3"/>
      <bbk:Obs TIME_PERIOD="2021-03" OBS_VALUE="17241.0" BBK_DIFF="0.5" BBK_DIFF_Y="0.2"/>
      <bbk:Obs TIME_PERIOD="2021-02" OBS_VALUE="17157.0" BBK_DIFF="-2.0" BBK_DIFF_Y="-2.4"/>
      <bbk:Obs TIME_PERIOD="2021-01" OBS_VALUE="17510.0" BBK_DIFF="1.3" BBK_DIFF_Y="-2.0"/>
      <bbk:Obs TIME_PERIOD="2020-12" OBS_VALUE="17285.0" BBK_DIFF="-3.0" BBK_DIFF_Y="-4.9"/>
      <bbk:Obs TIME_PERIOD="2020-11" OBS_VALUE="17820.0" BBK_DIFF="0.5" BBK_DIFF_Y="-1.6"/>
      <bbk:Obs TIME_PERIOD="2020-10" OBS_VALUE="17735.0" BBK_DIFF="4.4" BBK_DIFF_Y="-2.0"/>
      <bbk:Obs TIME_PERIOD="2020-09" OBS_VALUE="16990.0" BBK_DIFF="0.0" BBK_DIFF_Y="-6.4"/>
      <bbk:Obs TIME_PERIOD="2020-08" OBS_VALUE="16986.0" BBK_DIFF="0.6" BBK_DIFF_Y="-6.0"/>
      <bbk:Obs TIME_PERIOD="2020-07" OBS_VALUE="16888.0" BBK_DIFF="0.1" BBK_DIFF_Y="-6.2"/>
      <bbk:Obs TIME_PERIOD="2020-06" OBS_VALUE="16870.0" BBK_DIFF="0.6" BBK_DIFF_Y="-6.3"/>
      <bbk:Obs TIME_PERIOD="2020-05" OBS_VALUE="16770.0" BBK_DIFF="-1.1" BBK_DIFF_Y="-7.5"/>
      <bbk:Obs TIME_PERIOD="2020-04" OBS_VALUE="16958.0" BBK_DIFF="-1.5" BBK_DIFF_Y="-8.3"/>
      <bbk:Obs TIME_PERIOD="2020-03" OBS_VALUE="17212.0" BBK_DIFF="-2.1" BBK_DIFF_Y="-5.8"/>
      <bbk:Obs TIME_PERIOD="2020-02" OBS_VALUE="17586.0" BBK_DIFF="-1.6" BBK_DIFF_Y="-4.0"/>
      <bbk:Obs TIME_PERIOD="2020-01" OBS_VALUE="17865.0" BBK_DIFF="-1.7" BBK_DIFF_Y="-4.3"/>
      <bbk:Obs TIME_PERIOD="2019-12" OBS_VALUE="18177.0" BBK_DIFF="0.4" BBK_DIFF_Y="3.5"/>
      <bbk:Obs TIME_PERIOD="2019-11" OBS_VALUE="18112.0" BBK_DIFF="0.1" BBK_DIFF_Y="-4.0"/>
      <bbk:Obs TIME_PERIOD="2019-10" OBS_VALUE="18099.0" BBK_DIFF="-0.2" BBK_DIFF_Y="-3.3"/>
      <bbk:Obs TIME_PERIOD="2019-09" OBS_VALUE="18142.0" BBK_DIFF="0.4" BBK_DIFF_Y="-3.2"/>
      <bbk:Obs TIME_PERIOD="2019-08" OBS_VALUE="18064.0" BBK_DIFF="0.4" BBK_DIFF_Y="-3.7"/>
      <bbk:Obs TIME_PERIOD="2019-07" OBS_VALUE="17999.0" BBK_DIFF="0.0" BBK_DIFF_Y="-5.2"/>
      <bbk:Obs TIME_PERIOD="2019-06" OBS_VALUE="17996.0" BBK_DIFF="-0.7" BBK_DIFF_Y="-5.3"/>
      <bbk:Obs TIME_PERIOD="2019-05" OBS_VALUE="18129.0" BBK_DIFF="-1.9" BBK_DIFF_Y="-4.9"/>
      <bbk:Obs TIME_PERIOD="2019-04" OBS_VALUE="18486.0" BBK_DIFF="1.2" BBK_DIFF_Y="-4.0"/>
      <bbk:Obs TIME_PERIOD="2019-03" OBS_VALUE="18266.0" BBK_DIFF="-0.2" BBK_DIFF_Y="-4.8"/>
      <bbk:Obs TIME_PERIOD="2019-02" OBS_VALUE="18311.0" BBK_DIFF="-1.9" BBK_DIFF_Y="-9.2"/>
      <bbk:Obs TIME_PERIOD="2019-01" OBS_VALUE="18669.0" BBK_DIFF="6.3" BBK_DIFF_Y="-5.2"/>
      <bbk:Obs TIME_PERIOD="2018-12" OBS_VALUE="17556.0" BBK_DIFF="-6.9" BBK_DIFF_Y="-11.8"/>
      <bbk:Obs TIME_PERIOD="2018-11" OBS_VALUE="18858.0" BBK_DIFF="0.8" BBK_DIFF_Y="-6.5"/>
      <bbk:Obs TIME_PERIOD="2018-10" OBS_VALUE="18718.0" BBK_DIFF="-0.1" BBK_DIFF_Y="-7.7"/>
      <bbk:Obs TIME_PERIOD="2018-09" OBS_VALUE="18741.0" BBK_DIFF="-0.1" BBK_DIFF_Y="-7.9"/>
      <bbk:Obs TIME_PERIOD="2018-08" OBS_VALUE="18764.0" BBK_DIFF="-1.2" BBK_DIFF_Y="-7.7"/>
      <bbk:Obs TIME_PERIOD="2018-07" OBS_VALUE="18992.0" BBK_DIFF="-0.1" BBK_DIFF_Y="-5.4"/>
      <bbk:Obs TIME_PERIOD="2018-06" OBS_VALUE="19012.0" BBK_DIFF="-0.3" BBK_DIFF_Y="-7.7"/>
      <bbk:Obs TIME_PERIOD="2018-05" OBS_VALUE="19067.0" BBK_DIFF="-1.0" BBK_DIFF_Y="-10.1"/>
      <bbk:Obs TIME_PERIOD="2018-04" OBS_VALUE="19262.0" BBK_DIFF="0.4" BBK_DIFF_Y="-9.1"/>
      <bbk:Obs TIME_PERIOD="2018-03" OBS_VALUE="19179.0" BBK_DIFF="-4.8" BBK_DIFF_Y="-9.9"/>
      <bbk:Obs TIME_PERIOD="2018-02" OBS_VALUE="20156.0" BBK_DIFF="2.3" BBK_DIFF_Y="-5.9"/>
      <bbk:Obs TIME_PERIOD="2018-01" OBS_VALUE="19702.0" BBK_DIFF="-1.0" BBK_DIFF_Y="-8.8"/>
      <bbk:Obs TIME_PERIOD="2017-12" OBS_VALUE="19899.0" BBK_DIFF="-1.3" BBK_DIFF_Y="-9.4"/>
      <bbk:Obs TIME_PERIOD="2017-11" OBS_VALUE="20169.0" BBK_DIFF="-0.5" BBK_DIFF_Y="-9.0"/>
      <bbk:Obs TIME_PERIOD="2017-10" OBS_VALUE="20271.0" BBK_DIFF="-0.3" BBK_DIFF_Y="-8.9"/>
      <bbk:Obs TIME_PERIOD="2017-09" OBS_VALUE="20338.0" BBK_DIFF="0.1" BBK_DIFF_Y="-9.1"/>
      <bbk:Obs TIME_PERIOD="2017-08" OBS_VALUE="20321.0" BBK_DIFF="1.2" BBK_DIFF_Y="-9.1"/>
      <bbk:Obs TIME_PERIOD="2017-07" OBS_VALUE="20074.0" BBK_DIFF="-2.6" BBK_DIFF_Y="-10.9"/>
      <bbk:Obs TIME_PERIOD="2017-06" OBS_VALUE="20601.0" BBK_DIFF="-2.9" BBK_DIFF_Y="-8.0"/>
      <bbk:Obs TIME_PERIOD="2017-05" OBS_VALUE="21208.0" BBK_DIFF="0.1" BBK_DIFF_Y="-6.5"/>
      <bbk:Obs TIME_PERIOD="2017-04" OBS_VALUE="21189.0" BBK_DIFF="-0.4" BBK_DIFF_Y="-7.0"/>
      <bbk:Obs TIME_PERIOD="2017-03" OBS_VALUE="21283.0" BBK_DIFF="-0.6" BBK_DIFF_Y="-7.2"/>
      <bbk:Obs TIME_PERIOD="2017-02" OBS_VALUE="21409.0" BBK_DIFF="-0.9" BBK_DIFF_Y="-7.4"/>
      <bbk:Obs TIME_PERIOD="2017-01" OBS_VALUE="21609.0" BBK_DIFF="-1.6" BBK_DIFF_Y="-7.6"/>
      <bbk:Obs TIME_PERIOD="2016-12" OBS_VALUE="21955.0" BBK_DIFF="-1.0" BBK_DIFF_Y="-6.6"/>
      <bbk:Obs TIME_PERIOD="2016-11" OBS_VALUE="22171.0" BBK_DIFF="-0.3" BBK_DIFF_Y="-7.8"/>
      <bbk:Obs TIME_PERIOD="2016-10" OBS_VALUE="22244.0" BBK_DIFF="-0.6" BBK_DIFF_Y="-7.7"/>
      <bbk:Obs TIME_PERIOD="2016-09" OBS_VALUE="22372.0" BBK_DIFF="0.0" BBK_DIFF_Y="-7.6"/>
      <bbk:Obs TIME_PERIOD="2016-08" OBS_VALUE="22364.0" BBK_DIFF="-0.7"/>
      <bbk:Obs TIME_PERIOD="2016-07" OBS_VALUE="22517.0" BBK_DIFF="0.6"/>
      <bbk:Obs TIME_PERIOD="2016-06" OBS_VALUE="22383.0" BBK_DIFF="-1.3"/>
      <bbk:Obs TIME_PERIOD="2016-05" OBS_VALUE="22685.0" BBK_DIFF="-0.4"/>
      <bbk:Obs TIME_PERIOD="2016-04" OBS_VALUE="22779.0" BBK_DIFF="-0.7"/>
      <bbk:Obs TIME_PERIOD="2016-03" OBS_VALUE="22946.0" BBK_DIFF="-0.7"/>
      <bbk:Obs TIME_PERIOD="2016-02" OBS_VALUE="23116.0" BBK_DIFF="-1.2"/>
      <bbk:Obs TIME_PERIOD="2016-01" OBS_VALUE="23395.0" BBK_DIFF="-0.5"/>
      <bbk:Obs TIME_PERIOD="2015-12" OBS_VALUE="23517.0" BBK_DIFF="-2.2"/>
      <bbk:Obs TIME_PERIOD="2015-11" OBS_VALUE="24043.0" BBK_DIFF="-0.3"/>
      <bbk:Obs TIME_PERIOD="2015-10" OBS_VALUE="24109.0" BBK_DIFF="-0.5"/>
      <bbk:Obs TIME_PERIOD="2015-09" OBS_VALUE="24220.0"/>
    </bbk:Series>
  </bbk:DataSet>
</CompactData>
