# Property Investment by German Federal State — Tax Rates & Prices

> Compare all 16 German states: transfer tax rates, average property prices, rental yields, and market conditions. Find the best state for your investment.

Canonical: https://www.investbud.de/en/states

- [Baden-Württemberg](https://www.investbud.de/en/states/baden-wuerttemberg) - Baden-Württemberg is a wealthy southern German state known for its strong automotive industry and high quality of life.
- [Bavaria](https://www.investbud.de/en/states/bayern) - Bavaria is Germany's largest state by area and has the lowest property transfer tax rate in the country at 3.5%.
- [Berlin](https://www.investbud.de/en/states/berlin) - Berlin is Germany's capital and largest city, known for its vibrant culture and growing tech scene.
- [Brandenburg](https://www.investbud.de/en/states/brandenburg) - Brandenburg surrounds Berlin and offers more affordable property options with good transport links to the capital.
- [Bremen](https://www.investbud.de/en/states/bremen) - Bremen is Germany's smallest federal state, consisting of the cities of Bremen and Bremerhaven.
- [Hamburg](https://www.investbud.de/en/states/hamburg) - Hamburg is Germany's second-largest city and a major port city with a strong maritime economy.
- [Hesse](https://www.investbud.de/en/states/hessen) - Hesse is home to Frankfurt, Germany's financial capital and the seat of the European Central Bank.
- [Mecklenburg-Western Pomerania](https://www.investbud.de/en/states/mecklenburg-vorpommern) - Mecklenburg-Western Pomerania is a northeastern state known for its Baltic Sea coastline and tourism.
- [Lower Saxony](https://www.investbud.de/en/states/niedersachsen) - Lower Saxony is Germany's second-largest state by area, with a diverse economy and the Volkswagen headquarters.
- [North Rhine-Westphalia](https://www.investbud.de/en/states/nordrhein-westfalen) - North Rhine-Westphalia is Germany's most populous state, home to major cities like Cologne and Düsseldorf.
- [Rhineland-Palatinate](https://www.investbud.de/en/states/rheinland-pfalz) - Rhineland-Palatinate is a western German state known for its wine regions and the cities of Mainz and Koblenz.
- [Saarland](https://www.investbud.de/en/states/saarland) - Saarland is Germany's smallest state by area (excluding city-states), located on the French border.
- [Saxony](https://www.investbud.de/en/states/sachsen) - Saxony is an eastern German state with a strong industrial heritage and growing cities like Leipzig and Dresden.
- [Saxony-Anhalt](https://www.investbud.de/en/states/sachsen-anhalt) - Saxony-Anhalt is a central-eastern state with affordable property prices and growing logistics sector.
- [Schleswig-Holstein](https://www.investbud.de/en/states/schleswig-holstein) - Schleswig-Holstein is Germany's northernmost state, located between the North and Baltic Seas.
- [Thuringia](https://www.investbud.de/en/states/thueringen) - Thuringia is a central German state known for its forests, historic cities, and growing automotive industry.