Real estate prices Germany: comparison

The supply of land and real estate does not keep pace with demand in Germany, and property prices continue to rise. The LBS experts expect the greatest increase in prices - an increase of 6.2 percent - in building land.

Table of contents Table of contents Real estate prices in Germany compared in 2019

• Rising demand for real estate
• Missing lots
• Costly living dreams
• Hopeful signals for property prices

Table of contents Table of contents Real estate prices in Germany compared in 2019

• Rising demand for real estate
• Missing lots
• Costly living dreams
• Hopeful signals for property prices

Rising demand for real estate

The economy is booming, incomes are rising, and interest rates on construction loans are low, as in previous years. The demand for real estate remains correspondingly high in Germany - with a shrinking supply in the portfolio and an inadequate new building. As a result, prices will climb by an estimated 4 to 6 percent by the end of the year. This emerges from the LBS analysis "Market for Residential Real Estate 2019", for which around 600 LBS brokers and savings banks collected data from around a thousand German cities. Accordingly, the search for a suitable property does not become easier. The housing shortage in Germany has expanded from metropolitan areas and popular university cities to prospering medium-sized cities. In the LBS Real Estate Price List 2019 you will find detailed information on the typical prices for homes, condominiums and building land in 1, 000 cities and municipalities as well as in over 100 districts of the 14 largest cities in Germany.

Missing lots drive property prices higher

According to experts, what fueled property prices is the bottleneck in the building land sector in a Germany-wide comparison. "Despite all efforts to densify and use existing fallow land - without designating new building land, it will not be possible to contain the prices for land and build affordable housing in the cities, " emphasizes LBS association director Axel Guthmann. However, brokers in Germany are currently observing a declining supply and are expecting a price drop (plus 6.2 percent on a national average).

However, the initial values ​​differ considerably in comparison: In cities such as Bremerhaven or Cottbus, the property prices are currently 100 euros per square meter and less. On the other hand, those willing to build in Düsseldorf pay 770 euros per square meter, in Stuttgart 1, 400 euros and in Munich and the surrounding area even 2, 300 euros.

In general, the higher the wealth in a region, the higher the property prices.

Photo: LBS

Real estate prices reflect expensive living dreams

Real estate prices for single-family homes are highest in the west and south. The detached property leads the popularity scale across Germany. But the range of existing properties cannot meet demand everywhere. A deficiency is particularly evident in the city and the surrounding area of ​​Berlin, where brokers expect 14.5 percent (and thus the highest) price increase. A single-family home in Berlin currently typically costs 430, 000 euros. In other cities, property prices are even more expensive by comparison: If you want to buy in Hamburg, you often pay 550, 000 euros, in Frankfurt 800, 000 euros and in Munich 1.5 million euros.

This order reflects the general tendency: the value of a house is lowest in the east and rises over the north and west to the south. Incidentally, the Munich suburb of Grünwald sets the record with an average property price of 1.8 million euros. Interested parties often have to dig deep into their pockets, not only in the metropolitan areas, but also in regions with attractive landscapes. Compared to Herrsching am Ammersee (1.3 million euros) or Constance on Lake Constance (800, 000 euros), some other half-million cities seem really cheap: In Leipzig, Hanover, Bremen, Dortmund and Dresden, the typical property prices range between 290, 000 and 380, 000 euros.

Hopeful signals for property prices

Row houses or condominiums are an alternative for prospective buyers. A new property “in the row”, for example, ranks in the area of ​​up to 350, 000 euros in almost a third of the big cities (over 500, 000 inhabitants). Lower Saxony is an exception, as row houses are more expensive than average.

The average price advantage for used real estate in cities is 15 percent. "Occasionally, due to the location, they are just as expensive as new buildings, as can be seen in the example of Frankfurt am Main, " says Axel Guthmann (each 650, 000 euros). The search for existing properties can also be worthwhile for condominiums. In this segment, the “used” discount amounts to an average of 36.3 percent.

All in all, the dynamic development of the price will continue in 2019. Association director Guthmann gives hope, however, that the situation could normalize soon if construction activity can be kept at a high level and objects that have already been approved are implemented quickly.

	Plots in Euro / square meters (mean to good Residential area, 300 up to 800 square meter)	Condominium new in Euro / square meter (3 room about 80 Square meters)	Condominium in terms of stood euro / square meters Living space (3rd Room, about 80 square meters Living space)	Freestanding Home in Stock in Euros, approx 120 square meters Living space
To bathe- Württemberg
Stuttgart	1, 400	6, 700	4, 100	1, 000
Heidelberg	850	4, 500	3, 800	840
Karlsruhe	480	4, 300	2, 600	600
Ulm	400	5, 000	3, 250	650
Bavaria
Munich	2, 300	8, 100	6, 900	1, 500
regensburg	820	5, 000	3, 750	850
Nuremberg	720	4, 700	3, 600	600
Wurzburg	430	4, 400	2, 950	500
Saxony
Dresden	190	3, 500	1, 750	380
Leipzig	180	3, 700	1, 600	290
Chemnitz	120	2, 500	1, 000	250
Zwickau	120	2, 300	1, 200	280
Mecklenburg- Western Pomerania
Rostock	300	3, 000	2, 300	350
Schwerin	130	3, 625	1, 875	350
Stralsund	140	2, 500	1, 800	250
Neubrandenburg	100	2, 200	1, 300	230
Hesse
Frankfurt a. M Main	1, 500	6, 500	5, 500	800
Wiesbaden	1, 100	5, 000	3, 500	1, 200
kassel	165	3, 130	1, 990	390
Offenbach	580	4, 040	2, 850	530
Rhineland-Palatinate
Mainz	660	5, 200	3, 000	680
Ludwigshafen	410	3, 200	2, 000	390
trier	400	3, 300	2, 300	380
Speyer	450	3, 600	2, 400	430
Lower Saxony
Hanover	380	4, 000	2, 460	325
Osnabruck	300	3, 000	2, 000	365
Oldenburg	270	3, 380	2, 350	290
Cuxhaven	80	3, 750	2, 250	180
North Rhine- Westphalia
Dusseldorf	770	5, 900	3, 000	800
Cologne	650	4, 800	3, 300	555
eat	360	3, 550	1, 490	500
Muenster	675	4, 650	3, 400	565
Thuringia
Erfurt	240	3, 500	2, 200	300
Jena	350	3, 200	2, 500	400
Weimar	150	3, 300	2, 000	250
Saarland
Saarbrucken	280	3, 100	1, 550	280
Homburg	125	2, 600	1, 200	155
Merzig	105	2, 500	1, 800	200
Schleswig- Holstein
Keel	310	3, 700	2, 500	390
Lubeck	330	4, 600	2, 450	375
Flensburg	155	2, 950	1, 950	270
Brandenburg
Potsdam	275	4, 010	2, 980	460
cottbus	90	2, 000	1, 200	180
Frankfurt an der Or	60	1, 250	1, 200	160
Saxony- Stop
Magdeburg	180	3, 500	1, 000	220
Halle an der Saale	170	3, 000	1, 500	170
Naumburg	65	1, 800	900	150
The City-states
Berlin	350	4, 915	3, 850	430
Bremen	300	3, 500	2, 400	340
Hamburg	690	5, 100	4, 500	550