How much is a house, apartment in Germany?

In the initial stages of acquiring real estate, buyers have questions:

How much is a house in Germany or how much is an apartment in Germany?

In this publication we will look at the main factors affecting real estate prices in Germany, as well as the average cost per square meter in the federal states and major cities of the country in 2024:

 

1. Location: As in most countries, location plays an important role in determining the price of a home. Properties in large cities such as Berlin, Munich or Hamburg tend to be more expensive than those in less saturated regions. Proximity to the city center, public transportation routes, and other amenities can also affect the price.

 

2. Size and type of property: The price of a house will depend on its size, area and type. You can find a wide range of properties in Germany including apartments, houses, luxury villas and country estates. Each type has its own features and price range.

 

3. Building potential of a plot of land: On plots of land in Germany, construction is carried out according to the maximum buildable area coefficient Grundflächenzahl (GRZ) and Geschossflächenzahl (GFZ), the higher the coefficients, the higher the value of the plot. On plots with the same area coefficients can differ and for example: on one plot of 5 hectares is allowed to build a house of 300 m2, in turn on the second 200 m2.

 

4. Condition and Age: The condition and age of a home also affects its value. New or fully renovated properties can cost significantly more than older or in need of repair. The quality of construction, materials and equipment can also affect the price.

 

5. Market situation: As in any other country, the market situation in Germany can have an impact on real estate prices. Looking at a 10-year timeframe, there has been a continued shortage of supply on the market.

 

5. Additional factors: Other factors such as the availability of parking, balcony or terrace, views of nature or cityscape can also affect the price of a property in Germany.

 

Before buying real estate in Germany, it is important to conduct thorough market research in order to choose the best option for your needs.

Our company is ready to advise and provide suitable real estate options in a timely manner.

 

Regarding average prices per square meter, the following figures for federal lands for 2024:

 

Average prices per square meter in major German cities for 2024: