Hamburg buy & rent: House, apartment, property – Square meter price

Hamburg buy & rent – condominiums, single-family houses and apartment buildings, in Hamburg everything is rare! The city is more popular than ever. Rents are rising, but so are purchase prices for land and property. We take a look at the current figures and prices for Hamburg. Where are new properties being built, how are the districts developing and how realistic is it to find a good property without an agent? We also have many tips for tenants, rental prices for apartments, commercial properties and offices.

Premium or luxury property? Read more: Realtor Hamburg

Overview hide

Buy in Hamburg

First we take a detailed look at current statistics for buyers. Here you will find a lot of information, from the purchase price for a newly built condominium to tips for renting property and answer the question: Buying in Hamburg?

  1. Price for condominiums
  2. New building: what’s being built?
  3. Highest real estate loans: 3rd place Hamburg
  4. Buying in Hamburg?
  5. Buying an apartment without an estate agent
  6. Number of sales of luxury homes

Price for condominiums

Property prices for condominiums in Hamburg from 2008 to 2019, broken down into existing and new construction.

Statistics: Property prices for condominiums in Hamburg from 2008 to 2019 subdivided according to existing stock and new construction | Statista
More statistics can be found at Statista

New building: what is being built?

What else is being done in housing construction? Here you can see the structure of the construction volume according to construction sectors in Germany in 2018.

Statistics: Structure of construction volume by construction sectors in Germany in 2018 | Statista
More statistics can be found at Statista

Highest real estate loans: #3 Hamburg

The chart shows a ranking according to highest average mortgage loan in the 20 largest cities in Germany based on a current evaluation of the comparison platform Check24. Loans of 500,000 euros are compared here, for 101 square metres of living space.

  1. Munich – 504,000 Euros
  2. Frankfurt – 417,000 Euro
  3. Hamburg – 384,000 Euros

View of Hamburg and the new landmark, the Elbphilharmonie Concert Hall.

On the ground floor you have a view of the city centre, shopping streets and the busy life.

In many parts of the city you can also find exclusive objects that have been converted, for example from old dockyard halls, now with loft character.

Where is it worth buying? comparison

Where is it worth buying a property (house, semi-detached house, condominium, etc.)? In comparison, one sees the potential that lies dormant above all in NRW and Hessen. This chart shows the cost advantages of home ownership compared to rents in German metropolitan areas in 2018.

  1. Düsseldorf with 53.8%
  2. Cologne with 53.6%
  3. Frankfurt with 50.1%
  4. Stuttgart with 44.0%
  5. Leipzig with 41.8%
  6. Munich with 37.6%
  7. Hamburg with 35.0%
  8. Berlin with 26.9%

More statistics can be found at Statista

Purchase of an apartment without an agent

The chart shows the proportion of condominiums advertised by real estate agents in 2016.

2 of 3 condominiums – 65.1% of Hamburg properties are offered by real estate agents

Here you can clearly see that the majority of the market is in the hands of experienced real estate agents. High-quality and good properties are always sold with the help of an estate agent. After all, it is not “only” about the viewing. Buyer acquisition, network, negotiations, credit assessment, purchase contracts, all this belongs to the profession of an estate agent.

  1. 78.6% of Berlin’s condominiums through real estate agents
  2. Düsseldorf ETW at 76.0% via brokers
  3. Hamburg ETW 65.1% via brokers
  4. Cologne ETW at 63.0% via brokers
  5. Stuttgart ETW at 56.8% via brokers
  6. Munich ETW at 55.2% via brokers
  7. Frankfurt ETW at 53.3% via brokers

More statistics can be found at Statista

Number of sales of luxury homes

How many luxury properties are sold and bought in Germany each year? These statistics show how manageable the market is. Here you can see the number of sales of luxury homes in selected cities in Germany.

Statistics: Number of sales of luxury houses* in selected cities in Germany in the first half of 2010 and 2011 | Statista
More statistics can be found at Statista

Data show for visualization last survey in the first half of 2010 and 2011. A new, world-famous landmark has been added, the Elbphilharmonie Concert Hall in Hamburg.

In particular, land, houses and condominiums with a view of the water are in great demand. Accordingly, the cooperation with estate agents is worthwhile, because 3 out of 4 properties are only sold through estate agents.

Rent: Prices, stock and development

  1. Rental price for apartments
  2. Living space per apartment
  3. Rental price for dream apartment
  4. Service charges in comparison
  5. Development of the housing stock
  6. Rent a commercial property
  7. Rent office: compare prices
  8. Rent office: Free areas and practices

Rental price for apartments

Offered rents for apartments in Hamburg in the second half of 2017, broken down by districts (in euros per square metre).

Statistics: Rents quoted for apartments in Hamburg in the second half of 2017, broken down by districts (in euros per square metre) | Statista
More statistics can be found at Statista

Living space per apartment

Living space per apartment in Hamburg by districts in 2018.

Statistics: living space per apartment in Hamburg by districts in 2018 (in m²) | Statista
More statistics can be found at Statista

Rental price for dream apartment

Hamburg ranks 4th in the ranking of the rent one would pay for an apartment. This puts the city, as always, at the top of the nationwide comparison of average rents. The chart shows the average rent for an apartment with 3 to 4 rooms (81 to 105 sqm).

  1. Munich – 1.500 Euro / month
  2. Frankfurt – 1.170 Euro / month
  3. Stuttgart – 1.080 Euro / month
  4. Hamburg – 1.030 Euro / month
  5. Düsseldorf – 900 Euro / month

More statistics can be found at Statista

Service charges in comparison

The chart shows the total ancillary housing costs per year for a three-person household (in euros). The average in Germany is EUR 1,900.84 per year. The cheapest cities for ancillary costs are:

  1. Munich – 1.643,00 Euro / year (257,84 Euro less)
  2. Mainz – 1,686.02 Euro / year
  3. Hamburg – 1,682.40 Euro / year
  4. Kiel – 1.682,40 Euro / year
  5. Stuttgart – 1,729.74 Euro / year

More statistics can be found at Statista

Development of the housing stock

Development of the residential portfolio in Hamburg from 2007 to 2018 (in 1,000).

Statistics: Development of the stock of apartments in Hamburg from 2007 to 2018 (in 1,000) | Statista
More statistics can be found at Statista

Commercial property rent

Location is everything! Especially for entrepreneurs and companies. In all major cities the rents for commercial properties are rising, only in Berlin the costs for the monthly rent are getting cheaper, and that in the best location. This chart shows the indexed costs for commercial real estate in the largest cities in Germany (Hamburg, Cologne, Frankfurt, Munich and Berlin) in comparison. A joint index takes into account shop rents in prime locations, shop rents in secondary centres, office rents in city centres and the prices for commercial properties.

  1. Hamburg
  2. Cologne
  3. Frankfurt
  4. Munich
  5. Berlin

More statistics can be found at Statista

Rent office: Prices in comparison

Where are office rents currently highest? Hamburg is right at the top, with current average office rents of 29.00 euros / m². Here you can see the top rents for office space in German cities.

  1. Frankfurt – 45.50 Euro / m² (+ 23.1%)
  2. Berlin – 39.90 Euro / m² (+ 44.9%)
  3. Munich – 39.50 Euro / m² (+ 24.6%)
  4. Hamburg – 29.00 Euro / m² (+ 19.0%)
  5. Düsseldorf – 28.50 Euro / m² (+ 19.3%)
  6. Cologne – 25.50 Euro / m² (+ 20.4%)
  7. Stuttgart – 24.00 Euro / m² (+ 21.7%)

More statistics can be found at Statista

Rent office: Free areas and practices

Finding the perfect Hamburg – How does Berlin compare to the other German cities? How many free spaces and practices are there in relation to Berlin, Munich & Co. This chart shows the proportion of vacant office space as a proportion of total office space in selected German cities in 2018.

  1. Frankfurt am Main – 6.8% free / 93.2% rented
  2. Düsseldorf – 6.4% vacant / 93.6% rented
  3. Hamburg – 3.6% vacant / 96.4% rented
  4. Cologne – 2.8% free / 97.2% rented
  5. Stuttgart – 2.3% free / 97.7% rented
  6. Munich – 1.8% free / 98.2% rented
  7. Berlin – 1.5% free / 98.5% rented

More statistics can be found at Statista

Living, economy, city and inhabitants

  1. City map of Hamburg
  2. Most populated districts
  3. Average age of the population
  4. 3rd place of the most livable cities in Germany
  5. Hamburg is family-friendly
  6. Most popular districts after immigration
  7. Economic situation
  8. New start-ups
  9. Total gross domestic product
  10. Gross domestic product per capita
  11. Population
  12. Comparison: Hamburg, Berlin, Cologne and Munich
  13. Unemployment rate
  14. Problems in Hamburg? Survey.
  15. Private households: Forecast until 2030 in Hamburg

City map Hamburg

Most populated districts

Ranking of the most populous* districts in Hamburg in 2018.

Statistics: Ranking of the most populous* districts in Hamburg in 2018 | Statista
More statistics can be found at Statista

Average age of the population

Average age of the population in the districts of Hamburg in 2018.

Statistics: average age of population in the districts of Hamburg in 2018 | Statista
More statistics can be found at Statista

Place 3 of the most livable cities in Germany

Do you consider your city worth living in? Hamburg is in third place with 88%. This means that 9 out of 10 people in Hamburg also appreciate the qualities of the city, from Wandsbek to Eimsbüttel.

  1. Stuttgart – 89% think the city is worth living in! 9 out of 10 people live in Stuttgart
  2. Cologne – 89%
  3. Hamburg – 88%
  4. Dusseldorf – 87%
  5. Bremen – 86%
  6. Munich – 84%
  7. Berlin – 83%
  8. Essen – 80%
  9. Frankfurt – 79%
  10. Dortmund – 76%

Statistics: Do you consider your city worth living in? | Statista
More statistics can be found at Statist

Do you consider your city to be family-friendly?

  1. Stuttgart – 65%
  2. Dortmund – 63%
  3. Bremen – 61%
  4. Hamburg – 60%
  5. Cologne – 60%
  6. Dusseldorf – 57%
  7. Munich – 56%
  8. Frankfurt – 51%
  9. Berlin – 48%
  10. Essen – 41%

Statistics: Do you think your city is family-friendly? | Statista
More statistics can be found at Statista

Beloved districts after influx

Number of moves to Hamburg by districts in 2018.

  1. Wadsbek
  2. North Hamburg
  3. Hamburg-Mitte
  4. Eimsbüttel
  5. Altona
  6. Harburg
  7. Bergedorf

Statistics: Number of moves to Hamburg by districts in 2018 | Statista
More statistics can be found at Statista

Economic situation

How do you assess the current economic situation in Hamburg?

Statistics: How do you assess the current economic situation in Hamburg? | Statista
More statistics can be found at Statista

Newly founded companies

Here you can see the number of newly founded companies by sector in Hamburg in 2018, the top 3 in Hamburg:

  1. Trade, maintenance and repair of motor vehicles – 3,151 newly founded companies
  2. Construction – 2,957 new foundations
  3. Freelance, scientific and technical services – 2,488 newly founded companies

Statistics: Number of newly founded companies by economic sector in Hamburg in 2018 | Statista
More statistics can be found at Statista

Gross domestic product, total

Gross domestic product of Hamburg from 1970 to 2018(in million euros).

Statistics: Gross domestic product of Hamburg from 1970 to 2018 (in millions of Euros) | Statista
More statistics can be found at Statista

Gross domestic product per capita

Gross domestic product (GDP) per employed person in Hamburg from 1991 to 2018.

Statistics: Gross domestic product (GDP) per employed person in Hamburg from 1991 to 2018 | Statista
More statistics can be found at Statista

Number of inhabitants

Number of inhabitants in Hamburg from 1960 to 2018.

Statistics: Population in Hamburg from 1960 to 2018 | Statista
More statistics can be found at Statista

Comparison: Hamburg, Berlin, Cologne and Munich

Where do most of the inhabitants live? Here you see visualized, the 4 biggest cities in Germany. The graph shows the number of inhabitants in the German megacities on 31 December 2018, at the turn of the year 2018 / 2019.

  • Berlin – 3,644,826 inhabitants
  • Hamburg – 1,841,179 inhabitants (- 1,625,647 cf. Berlin)
  • Munich – 1,471,508 inhabitants (- 2,173,318 see Berlin)
  • Cologne – 1,085,664 inhabitants (- 2,559,162 cf. Berlin)

Statistics: Number of inhabitants in German megacities on 31 December 2018 | Statista
More statistics can be found at Statista

Unemployment rate in Hamburg

Unemployment rate in Hamburg from 2001 to 2019.

Statistics: unemployment rate* in Hamburg from 2001 to 2019 | Statista
More statistics can be found at Statista

Problems in Hamburg? Survey

In your opinion, what are the most important political problems in Hamburg that need to be solved as a matter of urgency?

Statistics: In your opinion, what are the most important political problems in Hamburg that need to be solved urgently? | Statista
More statistics can be found at Statista

Private households: forecast until 2030

How is Hamburg developing as a city and federal state? Here you can see the number of private households in Germany by federal state in 2018 and forecast for 2030 (in 1,000). This is an optimal situation for landlords as the demand for living space increases.

Statistics: Number of private households in Germany by federal states in 2018 and forecast for 2030 (in 1,000) | Statista
More statistics can be found at Statista

Buy in Germany

Tip! Read more about Buy an apartment: The 10 most expensive German cities.

  1. Ranking: Square meter prices for condominiums
  2. House price index: Development of house prices
  3. Development of construction investments in Germany
  4. Ownership ratio in Germany

Ranking: Square meter prices for condominiums

Cities with the highest prices per square meter for condominiums in 2015 and 2019 (in euros per square meter).

  1. Munich – 8,993 Euro / square meter
  2. Frankfurt am Main – 6,701 Euro / square meter
  3. Stuttgart – 6,324 Euro / square meter
  4. Potsdam – 6.1.64 Euro / square meter
  5. Berlin – 5.578 Euro / square meter
  6. Hamburg – 5,507 Euro / square meter
  7. Düsseldorf – 5,470 Euro / square meter
  8. Erlangen – 5.416 Euro / square meter
  9. Regensburg – 5.411 Euro / square meter
  10. Freiburg im Breisgau – 5,349 Euro / square meter

Statistics: Cities with the highest prices per square meter for condominiums in 2015 and 2019* (in Euro per square meter) | Statista
More statistics can be found at Statista

House price index: development of house prices

Development of house prices in Germany in the years from 2000 to 2018 (2015 = Index 100).

Statistics: Development of house prices in Germany in the years from 2000 to 2018 (2015 = Index 100) | Statista
More statistics can be found at Statista

Development of construction investments in Germany

Development of construction investments in Germany in the years 2000 to 2016 (compared to previous year).

Statistics: Development of construction investments in Germany in the years 2000 to 2016 (compared to previous year) | Statista
More statistics can be found at Statista

Ownership ratio in Germany

Ownership rate in Germany in the period from 1998 to 2018 by Länder

1998 2002 2006 2010 2014 2018
Baden-Württemberg 48.3% 49.3% 49.1% 52.8% 51.3% 52.6%
Bavaria 47.6% 48.9% 46.4% 51% 50.6% 51.4%
Berlin 11% 12.7% 14.1% 14.9% 14.2% 17.4%
Brandenburg 35.5% 39.8% 39.6% 46.2% 46.4% 47.8%
Bremen 37.5% 35.1% 35.4% 37.2% 38.8% 37.8%
Germany total 40.9% 42.6% 41.6% 45.7% 45.5% 46.5%
Hamburg 20.3% 21.9% 20.2% 22.6% 22.6% 23.9%
Hessen 43.3% 44.7% 44.3% 47.3% 46.7% 47.5%
Mecklenburg-Vorpommern 32.2% 35.9% 33.2% 37% 38.9% 41.1%
Lower Saxony 48.9% 51% 49% 54.5% 54.7% 54.2%
North Rhine-Westphalia 37.4% 39% 38.7% 43% 42.8% 43.7%
Rhineland-Palatinate 55% 55.7% 54.3% 58% 57.6% 58%
Saarland 58.1% 56.9% 54.9% 63.7% 62.6% 64.7%
Saxons 28.7% 31% 29.5% 33.7% 34.1% 34.6%
Saxony-Anhalt 36.5% 39.6% 37.9% 42.7% 42.4% 45.1%
Schleswig-Holstein 46.8% 49.4% 47.1% 49.7% 51.5% 53.3%
Thuringia 39.2% 41.8% 40.6% 45.5% 43.8% 45.3%

All further information on statistics can be found at Statista

Rentals in Germany

Tip! Read more about Rent an apartment: The 10 most expensive German cities.

  1. Development of the rental price index
  2. Ranking: Rents for apartments
  3. Number of newly constructed residential buildings

Development of the rental price index

Development of the rent price index for Germany in the years from 1995 to 2019 (2015 = Index 100)

Statistics: Development of the rental price index for Germany in the years from 1995 to 2019 (2015 = Index 100) | Statista
More statistics can be found at Statista

Ranking: Rents for apartments

Cities with the highest rental prices for apartments in Germany in the 4th quarter of 2019(in euros per square metre)

Statistics: Cities with the highest rents for apartments in Germany in the 4th quarter of 2019 (in Euro per square meter) | Statista
More statistics can be found at Statista

Number of newly constructed residential buildings

New construction: Where are new apartments being built? Number of newly constructed residential buildings in Germany by federal state in 2017 and 2018 (in 1,000).

Statistics: Number of newly constructed residential buildings in Germany by federal state in 2017 and 2018 (in 1,000) | Statista

Property, apartment & house - guidebook

Land, apartment & house - Our real estate guide for Germany.

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Rent, buy, live - prices