# Property Prices in Germany 2026

> Current asking prices for apartments in all 16 German states and the largest cities: price per m², cold rent and gross rental yield.

Canonical: https://www.investbud.de/en/property-prices
Last updated: 2026-11-05

What do apartments cost in Germany right now? The overview shows median asking prices per m² by state and city, with asking rents and the gross rental yield they imply.

As of November 5, 2026

## Prices by state

| Name | Price per m² | Cold rent per m² | Gross yield | Listings |
| --- | --- | --- | --- | --- |
| [Hamburg](https://www.investbud.de/en/property-prices/hamburg) | €6,707 | €18.00 | 3.2% | 2,579 |
| [Berlin](https://www.investbud.de/en/property-prices/berlin) | €5,657 | €19.08 | 4.0% | 12,937 |
| [Bavaria](https://www.investbud.de/en/property-prices/bayern) | €5,398 | €14.32 | 3.2% | 19,680 |
| [Schleswig-Holstein](https://www.investbud.de/en/property-prices/schleswig-holstein) | €4,316 | €11.37 | 3.2% | 3,605 |
| [Hesse](https://www.investbud.de/en/property-prices/hessen) | €4,231 | €14.52 | 4.1% | 7,871 |
| [Mecklenburg-Western Pomerania](https://www.investbud.de/en/property-prices/mecklenburg-vorpommern) | €4,095 | €8.50 | 2.5% | 1,755 |
| [Brandenburg](https://www.investbud.de/en/property-prices/brandenburg) | €3,986 | €12.00 | 3.6% | 1,819 |
| [Baden-Württemberg](https://www.investbud.de/en/property-prices/baden-wuerttemberg) | €3,836 | €13.40 | 4.2% | 21,750 |
| [North Rhine-Westphalia](https://www.investbud.de/en/property-prices/nordrhein-westfalen) | €3,328 | €10.00 | 3.6% | 16,808 |
| [Rhineland-Palatinate](https://www.investbud.de/en/property-prices/rheinland-pfalz) | €3,261 | €11.00 | 4.0% | 4,343 |
| [Lower Saxony](https://www.investbud.de/en/property-prices/niedersachsen) | €3,093 | €10.00 | 3.9% | 6,344 |
| [Bremen](https://www.investbud.de/en/property-prices/bremen) | €2,842 | €10.54 | 4.5% | 874 |
| [Saxony](https://www.investbud.de/en/property-prices/sachsen) | €2,606 | €6.83 | 3.1% | 5,252 |
| [Saarland](https://www.investbud.de/en/property-prices/saarland) | €2,282 | €9.40 | 4.9% | 485 |
| [Thuringia](https://www.investbud.de/en/property-prices/thueringen) | €2,000 | €6.83 | 4.1% | 517 |
| [Saxony-Anhalt](https://www.investbud.de/en/property-prices/sachsen-anhalt) | €1,732 | €7.00 | 4.9% | 904 |

## The largest housing markets

| Name | Price per m² | Gross yield | Listings |
| --- | --- | --- | --- |
| [Berlin](https://www.investbud.de/en/property-prices/berlin) | €5,661 | 4.0% | 12,800 |
| [München](https://www.investbud.de/en/property-prices/bayern/muenchen) | €9,140 | 3.3% | 5,000 |
| [Hamburg](https://www.investbud.de/en/property-prices/hamburg) | €6,697 | 3.2% | 2,600 |
| [Leipzig](https://www.investbud.de/en/property-prices/sachsen/leipzig) | €3,006 | 5.0% | 2,027 |
| [Köln](https://www.investbud.de/en/property-prices/nordrhein-westfalen/koeln) | €5,284 | 3.8% | 1,845 |
| [Frankfurt am Main](https://www.investbud.de/en/property-prices/hessen/frankfurt-am-main) | €6,650 | 3.7% | 1,788 |
| [Düsseldorf](https://www.investbud.de/en/property-prices/nordrhein-westfalen/duesseldorf) | €5,170 | 3.9% | 1,787 |
| [Stuttgart](https://www.investbud.de/en/property-prices/baden-wuerttemberg/stuttgart) | €4,645 | 4.7% | 1,630 |
| [Dresden](https://www.investbud.de/en/property-prices/sachsen/dresden) | €3,170 | 4.2% | 1,141 |
| [Hannover](https://www.investbud.de/en/property-prices/niedersachsen/hannover) | €3,512 | 4.4% | 854 |
| [Essen](https://www.investbud.de/en/property-prices/nordrhein-westfalen/essen) | €2,845 | 4.0% | 819 |
| [Nürnberg](https://www.investbud.de/en/property-prices/bayern/nuernberg) | €3,840 | 4.6% | 816 |
| [Augsburg](https://www.investbud.de/en/property-prices/bayern/augsburg) | €4,510 | 4.1% | 792 |
| [Wiesbaden](https://www.investbud.de/en/property-prices/hessen/wiesbaden) | €4,567 | 3.9% | 757 |
| [Bremen](https://www.investbud.de/en/property-prices/bremen/bremen) | €3,041 | 4.8% | 728 |
| [Mannheim](https://www.investbud.de/en/property-prices/baden-wuerttemberg/mannheim) | €3,891 | 4.4% | 659 |
| [Karlsruhe](https://www.investbud.de/en/property-prices/baden-wuerttemberg/karlsruhe) | €4,005 | 4.4% | 563 |
| [Bonn](https://www.investbud.de/en/property-prices/nordrhein-westfalen/bonn) | €4,047 | 4.3% | 561 |
| [Chemnitz](https://www.investbud.de/en/property-prices/sachsen/chemnitz) | €1,131 | 6.4% | 555 |
| [Dortmund](https://www.investbud.de/en/property-prices/nordrhein-westfalen/dortmund) | €2,631 | 4.4% | 544 |
| [Freiburg im Breisgau](https://www.investbud.de/en/property-prices/baden-wuerttemberg/freiburg-im-breisgau) | €6,441 | 3.1% | 512 |
| [Wuppertal](https://www.investbud.de/en/property-prices/nordrhein-westfalen/wuppertal) | €2,305 | 4.6% | 475 |
| [Potsdam](https://www.investbud.de/en/property-prices/brandenburg/potsdam) | €5,591 | 4.1% | 452 |
| [Duisburg](https://www.investbud.de/en/property-prices/nordrhein-westfalen/duisburg) | €2,031 | 4.9% | 447 |
| [Heilbronn](https://www.investbud.de/en/property-prices/baden-wuerttemberg/heilbronn) | €3,722 | 4.6% | 426 |
| [Münster](https://www.investbud.de/en/property-prices/nordrhein-westfalen/muenster) | €5,320 | 3.2% | 423 |
| [Mainz](https://www.investbud.de/en/property-prices/rheinland-pfalz/mainz) | €4,992 | 4.3% | 420 |
| [Braunschweig](https://www.investbud.de/en/property-prices/niedersachsen/braunschweig) | €3,187 | 4.1% | 398 |
| [Aachen](https://www.investbud.de/en/property-prices/nordrhein-westfalen/aachen) | €3,886 | 4.0% | 380 |
| [Ludwigshafen am Rhein](https://www.investbud.de/en/property-prices/rheinland-pfalz/ludwigshafen-am-rhein) | €2,725 | 5.3% | 374 |

Medians of asking prices and asking rents of publicly listed apartments, recomputed daily. Asking prices are not sale prices and not a valuation under § 194 BauGB; actual sale prices can differ.

## Frequently Asked Questions

### What does an apartment in Germany cost per m²?

It depends heavily on location. Median asking prices range from about €1,732 per m² in Saxony-Anhalt to €6,707 per m² in Hamburg.

### Where do the figures come from?

From aggregated asking prices of publicly listed apartments, recomputed daily. No individual listing is shown. Actual sale prices can differ.

### What does gross rental yield mean?

It relates a year's cold rent to the purchase price, before purchase costs, running costs and financing. For a specific flat the Investbud analysis includes all of them.