Property by city
Existing-apartment (Bestand) buy price, cold rent, and the published gross rental yield — sorted highest-yield first. Munich is priciest with the thinnest yield (~2.5%); Leipzig is cheapest with the fattest (~5%), but a thinner job market. The national average asking price is ~€3.150/m², gross yield ~3,4%.
Leipzig
Sachsen
- Buy
- €3.130/m²
- Cold rent
- €10,4/m²
- New-build
- €3.910/m²
- Grunderwerbst.
- 5,5%
Cheapest to buy and rent; fast-growing 'new Berlin'; highest yields — but a thinner/weaker job market than the west.
Stuttgart
Baden-Württemberg
- Buy
- €4.750/m²
- Cold rent
- €16,3/m²
- New-build
- €5.940/m²
- Grunderwerbst.
- 5,0%
Auto engineering (Mercedes, Porsche, Bosch); strong incomes; one of the better buy-side yields among the big cities.
Berlin
Berlin
- Buy
- €5.590/m²
- Cold rent
- €15,8/m²
- New-build
- €6.990/m²
- Grunderwerbst.
- 6,0%
Largest South-Asian/expat scene, startups, English-friendly; Mietpreisbremse city-wide; yields swing 3.5–4.8% by district.
Cologne
Nordrhein-Westfalen
- Buy
- €4.740/m²
- Cold rent
- €15,7/m²
- New-build
- €5.930/m²
- Grunderwerbst.
- 6,5%
Media/insurance; relatively relaxed; large migrant community. Transfer tax 6.5% (highest band).
Düsseldorf
Nordrhein-Westfalen
- Buy
- €5.050/m²
- Cold rent
- €14,8/m²
- New-build
- €6.310/m²
- Grunderwerbst.
- 6,5%
Business/fashion; very large Japanese + growing South-Asian presence. Transfer tax 6.5%.
Hamburg
Hamburg
- Buy
- €5.614/m²
- Cold rent
- €16,4/m²
- New-build
- €7.020/m²
- Grunderwerbst.
- 5,5%
Media/logistics/port; stable market. Transfer tax 5.5%.
Frankfurt
Hessen
- Buy
- €5.923/m²
- Cold rent
- €17,7/m²
- New-build
- €7.400/m²
- Grunderwerbst.
- 6,0%
Finance/ECB hub; very international; high salaries. Transfer tax 6.0%.
Munich
Bayern
- Buy
- €8.275/m²
- Cold rent
- €23,6/m²
- New-build
- €10.340/m²
- Grunderwerbst.
- 3,5%
Priciest to buy and rent; strongest job market (tech, BMW, Siemens, Allianz); fiercest rental competition — 50–100 applicants per listing.
Last updated: 2026-07-18