Germany House Prices, Rents & Rental Yields (2026)
How much property costs in Germany, what it rents for and how that compares with neighbouring markets in Western Europe. City-centre prices per m² rank 4 of 7 in this comparison; gross yields rank 3 of 7.
- Apartment price per m² (city centre)
- $7,209
- 2023
- Apartment price per m² (outside centre)
- $5,410
- 2023
- Gross rental yield (city centre)
- 3.4%
- 2024
- Price-to-income ratio
- 9.8
- 2024
- Rent: 1-bedroom, city centre
- $1,058/mo
- 2023
- Mortgage interest rate (20-year fixed)
- 3.8%
- 2023
Price and rent trends in Germany
Latest property market indicators
| Indicator | Value | Year | Change | Source |
|---|---|---|---|---|
| Apartment price per m² (city centre)Average asking price per square metre to buy an apartment in city centres | $7,209 | 2023 | +3.8% vs 2022 | Numbeo |
| Apartment price per m² (outside centre)Average price per square metre to buy an apartment outside city centres | $5,410 | 2023 | +9.8% vs 2022 | Numbeo |
| Price-to-income ratioMedian apartment price divided by median annual disposable family income | 9.8 | 2024 | -8.4% vs 2023 | Numbeo |
| Gross rental yield (city centre)Annual rent as a percentage of purchase price, city-centre apartments | 3.4% | 2024 | +0.6 pp vs 2023 | Numbeo |
| Price-to-rent ratio (city centre)Purchase price divided by annual rent, city-centre apartments | 29.2 | 2024 | -18.7% vs 2023 | Numbeo |
| Rent: 1-bedroom, city centreAverage monthly rent of a one-bedroom apartment in the city centre | $1,058/mo | 2023 | +9.3% vs 2022 | Numbeo |
| Rent: 1-bedroom, outside centreAverage monthly rent of a one-bedroom apartment outside the centre | $804/mo | 2023 | +11.2% vs 2022 | Numbeo |
| Rent: 3-bedroom, city centreAverage monthly rent of a three-bedroom apartment in the city centre | $1,951/mo | 2023 | +8.5% vs 2022 | Numbeo |
| Rent: 3-bedroom, outside centreAverage monthly rent of a three-bedroom apartment outside the centre | $1,485/mo | 2023 | +10.7% vs 2022 | Numbeo |
| Mortgage interest rate (20-year fixed)Average yearly mortgage interest rate, 20-year fixed | 3.8% | 2023 | +1.1 pp vs 2022 | Numbeo |
| Home ownership rateShare of owner-occupied dwellings | 47.6% | 2024 | ±0.0 pp vs 2023 | Trading Economics |
Year-by-year data
| Year | Apartment price per m² (city centre) | Apartment price per m² (outside centre) | Price-to-income ratio | Gross rental yield (city centre) | Price-to-rent ratio (city centre) | Rent: 1-bedroom, city centre | Rent: 1-bedroom, outside centre | Rent: 3-bedroom, city centre | Rent: 3-bedroom, outside centre | Mortgage interest rate (20-year fixed) | Home ownership rate |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | — | — | 9.8 | 3.4% | 29.2 | — | — | — | — | — | 47.6% |
| 2023 | $7,209 | $5,410 | 10.7 | 2.8% | 35.9 | $1,058/mo | $804/mo | $1,951/mo | $1,485/mo | 3.8% | 47.6% |
| 2022 | $6,945 | $4,926 | 8.9 | 3.0% | 32.9 | $968/mo | $723/mo | $1,799/mo | $1,342/mo | 2.7% | 46.5% |
| 2021 | $8,145 | $5,806 | 9.1 | 3.2% | 30.9 | $1,039/mo | $775/mo | $2,047/mo | $1,493/mo | 1.7% | 49.1% |
| 2020 | $6,932 | $4,657 | 9.4 | 3.2% | 31 | $940/mo | $710/mo | $1,817/mo | $1,321/mo | 1.8% | 50.5% |
| 2019 | $6,638 | $4,429 | 9 | 3.3% | 29.9 | $933/mo | $697/mo | $1,763/mo | $1,308/mo | 1.9% | 51.1% |
| 2018 | $6,050 | $4,229 | 8 | 3.6% | 28 | $910/mo | $681/mo | $1,745/mo | $1,279/mo | 2.0% | 51.5% |
| 2017 | $5,616 | $3,997 | 7.5 | 3.7% | 26.7 | $831/mo | $626/mo | $1,638/mo | $1,184/mo | 2.1% | 51.4% |
Germany compared with Western Europe
| Country | Apartment price per m² (city centre) | Gross rental yield (city centre) | Price-to-income ratio | Mortgage interest rate (20-year fixed) |
|---|---|---|---|---|
| Germany | $7,209 | 3.4% | 9.8 | 3.8% |
| Austria | $7,525 | 3.1% | 11 | 3.1% |
| Belgium | $4,162 | 4.7% | 6.8 | 3.6% |
| France | $6,629 | 2.6% | 12.3 | 3.2% |
| Luxembourg | $11,033 | 3.2% | 9.1 | 2.2% |
| Netherlands | $6,165 | 5.0% | 7.4 | 3.6% |
| Switzerland | $17,826 | 2.7% | 11.1 | 2.5% |
Related
- Properties for sale in Germany (19,775)
- Mortgages in Germany for foreigners
- Germany market overview
- Tax rates in Germany
Prices, rents, yields and mortgage rates: Numbeo (crowd-sourced, national averages of city data). Values in US dollars.