Where do the Richest People Live?

If you’re a millionaire, you want a house befitting of a millionaire. That’s why we’ve collected everything you need to know about the places with the most millionaires, the most billionaires, the most expensive cities int he world and the country. This is the definitive luxury list. London is the city with the most millionaires in the world, with 357.000, the size of a small city! Keep reading to find out where the richest of the rich buy their property…

List – Cities with Most Millionaires

One way to measure where the richest people live is to see how many millionaires live in the city. The more millionaires, the more luxurious, expensive and high class the city is bound to be. What makes up a city to have a lot of millionaires? First and foremost, a lot of people. That means that in a city with 5 million inhabitants, you’ll likely have 5 times more millionaires than in a city with 1 million inhabitants. It’s also about where there’s luxury real estate though, because millionaires want to live like millionaires.

Worldwide – Top 10 Cities with Richest People

So, without further ado, it’s time to look at the cities which are home to most millionaires. No surprise, New York is near the top with 357.000 millionaires . It’s a playground if you want to buy luxury New York real estate. The top 5 are rounded out by London at the very top, and three asian cities following. The top 10 cities with the most millionaires worldwide are:

1. London, UK – 357.000 millionaires
2. New York City, USA – 339.000 millionaires
3. Tokyo, Japan – 279.000 millionaires
4. Hong Kong, HK – 228.000 millionaires
5. Singapore, Singapore – 217.300 millionaires
6. San Francisco, USA – 180.300 millionaires
7. Los Angeles, USA – 173.300 millionaires
8. Chicago, USA – 135.000 millionaires
9. Frankfurt, Germany – 128.300 millionaires
10. Beijing, China – 122.000 millionaires

USA – Top 10 Cities with Richest People

The USA is well-represented in the top 10 cities worldwide, making up 3 of the top ten. That’s not bad. In total the USA has over 18.000.000 millionaires, more than 4 times as much as the nearest competitor, China. With this many millionaires, they have to live somewhere, a lot of them in NYC, San Francisco, and Los Angeles obviously, but where else? These are the top 10 cities in the USA with most millionaires:

1. New York City, NY – 339.000 millionaires
2. San Francisco, CA – 180.300 millionaires
3. Los Angeles, CA – 173.300 millionaires
4. Chicago, IL – 135.000 millionaires
5. Washington, DC – 120.000 millionaires
6. Boston, MA – 110.200 millionaires
7. Philadelphia, PA – 109.000 millionaires
8. Houston, TX – 98.500 millionaires
9. San Jose, CA – 90.700 millionaires
10. Detroit, MI – 90.100 millionaires

Most Popular Destinations for the Ultra Rich – Las Vegas, L.A., and more

So you want to learn more about how the richest of the rich live? Well look no further. The richest can be found in Las Vegas Bellagio Suites, Miami Penthouses, and New York Lofts. This is how the richest of the rich live.

Las Vegas – Where the Millionaires live

Las Vegas is home to the richest man in Nevada and the richest man is: Sheldon Adelson, owner of the Las Vegas Sands, a luxury resort chain. It is home to the world’s biggest and best Casinos, and some of the most prime real estate you can imagine. Las Vegas has more gated communities than water in the ocean, and each is more luxurious than the last. That makes it attractive for people looking to have some fun, but also people who are looking to invest smart.

$18.5 mil. Mansion – Villa Tour in Las Vegas

One example of a property in Las Vegas. Typical for the city: decadent furnishings, modern and sleek style, combined with lush greenery, and of course… a golf course in immediate proximity. It also has 7 bedrooms, as well as pool with its own 21 foot waterfall.

• Location: 93 Spanish Gate Drive, Las Vegas, NV 89113

What is the Most Expensive Neighborhood in Las Vegas? The Ultra Rich

It’s a bit of a complicated matter, with Summerlin and Henderson probably being the residential areas with the most >$1 mil. transactions. Although these are not strictly within city limits, we’re just going to count it as Las Vegas. So, the most expensive residential area in Las Vegas is ‘the Ridges’, located in Summerlin. Prices range from $2 mil. and $7 mil. for a house. It is also the area in Las Vegas with most house sales >$1 mil, with the most expensive on the market at the time of writing being $30,4 mil. The full list of most expensive communities in Las Vegas below:

1. The Ridges: $2.000.000 – $7.000.000
2. Anthem Country Club: $1.200.000 – $4.400.000
3. Macdonald Highlands: $1.000.000 – $4.200.000
4. Southern Highlands Country Club: $1.000.000 – $3.000.000
5. Seven Hills: $1.000.000 – $2.700.000

Las Vegas Luxury Real Estate – Property Investments in Sin City

In Las Vegas, real estate is a commodity like in any other city, except with the difference that the city is filled with people looking to make a quick buck, and ready to take a risk. What real estate is concerned it’s an interesting market, and is likely going to be a growing niche in the national markets. Learn more about the hottest neighborhoods, the best places to live, and what you have to know about Las Vegas:

Las Vegas Luxury Real Estate

Miami – Billionaire Row in Florida

Miami is a tropical mega city, and has all the luxury and decadence to show for it. From manmade islands, to the best restaurants in the world, as well as a booming arts scene, and postcard worthy views at every turn. It’s hard to top this city for atmosphere. No wonder it’s home to thousands of millionaires who happily take a seat overlooking the clear turquoise blue waters. If you want to live among the ultra-wealthy, Miami is the place to go.

Designer Mansion in Florida – Millionaire Miami House Tour

Just outside Miami is Tommy Hilfiger’s ‘Fun House’. Here, nestled between ocean and palm trees is a mansion that looks more like a luxury resort. Estimated to be worth around $25.000.000, this probably isn’t easy to purchase. But it is on the market right now! Designed by Martin Lawrence Bullard, this beach villa tour is bound to leave you speechless.

Most Expensive Areas – Where do Millionaires live in Miami?

You may have heard of millionaire’s row in Miami. But Millionaire’s Row isn’t what it used to be. Not since the 90’s have the richest people in Miami lived in this stretch on Collins Avenue between 41st and 63rd Street. Nowadays the ultra-wealthy are heading towards Indian Creek Island, where the biggest and most expensive houses can be found.

List – Where do Millionaires live in Miami?

In Miami, millionaires tend to live in a few top neighborhoods. Although arguably all of Miami Beach is a massive luxury suburb, there’s some neighborhoods you won’t believe. As mentioned the most expensive, hottest, most billionaire, CEO, model, Actor place is definitively Indian Creek Island. Also popular are the Venetian Islands, manmade islands with some of the east coast’s most exclusive properties. Another area to keep in mind: Fisher Island, another of the famous islands lining Miami’s coral-blue waters. These are the richest neighborhoods in Miami:

1. Indian Creek Island: $15.000.000 – $47.000.000
2. North Bay Road: $7.500.000 – $45.000.000
3. Star Island: $7.100.000 – $28.000.000
4. Hibiscus Island: $1.200.000 – $14.200.000
5. Venetian Islands: $1.000.000 – $25.700.000

Where to Buy Property in Miami – Real Estate Investment Florida

To make smart investments, you need to know the situation. From Florida property taxes, mortgage, renovations, etc. everything you need to know about buying a house in Miami, can be found in our article on the top investment areas for Miami. It also details real estate market explanations, and steps to buying real estate, houses, apartments, etc. in Miami, Florida’s hottest, richest, biggest, city.

Miami Luxury Real Estate

Los Angeles – Richest, Celebrities, and CEOs

Los Angeles is maybe one of the most famous cities in the world. If you want to buy real estate in L.A., you may want to look away now. L.A. isn’t just famous because it’s home to Hollywood, Bel-Air, and Beverly Hills. This mega city has everything from art, world-class restaurants, stadiums, beaches, and the list goes on. It’s truly a playground for the richest of the rich.

Top 10 Richest People in L.A. – Who are L.A’s richest inhabitants?

The richest people to live in L.A. are mostly businessmen. There are few women, and also few from the film industry. Although the famous movie director Steven Spielberg is at 12th, and music mega-producer and owner of Geffen Records, David Geffen is at 6th position. The richest people living in L.A. are Elon Musk ($197 bi0.), pharma mogul Patrick Soon-Shiong (6,9 bio.), and Sean Parker ($3 bio.). To spot for the richest people in L.A., the full list of wealthiest Angelenos:

1. Elon Musk
2. Patrick Soon-Shiong
3. Sean Parker
4. David Geffen
5. John Tu
6. Eli Broad
7. Stewart & Lynda Resnick
8. Tamara Hughes Gustavson
9. Steven Udvar-Hazy
10. Rick Caruso

Most Expensive Property in Los Angeles – Luxury Home

This massive property has been dubbed the most luxurious house in the USA. Being worth over $250 million, and including a prviate helicopter, personal chefs, masseuses, 24/7 security, and much more, it makes sense that this property is as expensive as it is.

• 21 Bathrooms
• 12 Bedrooms
• Location: 924 Bel Air Road
• Price: $250 mio.

Where do the Rich Live in Los Angeles? Most Expensive Areas in L.A.

Everyone’s heard about the mega-mansions in Beverly Hills, or the villas lining the palm-lined streets in Bel-Air. There’s probably a lot of areas you’ve never heard of though, that are home to the richest and most luxurious houses you can imagine. Topping the list, Beverly Hills with the average home here costing aroun $9.990.000. Note, if you want to buy an apartment in L.A., it won’t be this expensive! Below the list of most expensive neighborhoods in L.A.:

1. Beverly Hills – $9,99 mio
2. Bel-Air/Holmby Hills – $5.7 mio.
3. Malibu – $5,49 mio.
4. Brentwood – $4,5 mio.
5. Pacific Palisades – $4,7 mio
6. Beverly Hills Post Office – $4,4 mio.
7. Santa Monica – $3,6 mio.

Buying Real Estate in L.A. – Most Expensive

For Luxury Real Estate in L.A., for example if you want to buy a house in L.A., you’re going to want to get informed first. That’s why we have our full overview below. It tells you everything from the current state of the market, the things you should look out for, where to buy real estate in L.A., and pretty much everything else you need to know if you’re thinking about buying property in the city of angels.

Los Angeles Luxury Real Estate

New York – NYC Billionaires Real Estate

If Los Angeles is one of the most famous cities in the world, New York City is the most famous. It is synonymous with metropolis, America, and everything you could ever want or imagine exists in this mega-metropolis. It’s home to some of the tallest buildings in the world, the richest people in the world, the best condos and apartments, and the best bars and restaurants. Apart from some extremely high property taxes, New York City is a gift for real estate investors.

Condo tour in New York – Luxury Apartment Walk-Through

This apartment can be found in the world’s slimmest skyscraper, and gives you a view of central park. It’s seemingly endless luxury begins with the plaster walls, true-wood flooring, a bar with marble countertops. If you’re packing your bags, slow down though, as you’re going to be looking at the hefty price tag of $28.750.000.

• Price: $28.750.000
• Location: 111 West 57th

What is the Most Expensive Neighborhood in New York? The Richest in the Big Apple

It’s no surprise that almost all of the most expensive properties in New York are going to be found in Manhattan. Famous for big companies, its crazy income tax, and skyscrapers to no end. Remember that these prices are for buying an apartment in New York, if you want even more luxury, try buying a house in New York. The ultra-luxurious and high-class areas in this part of the city are world-famous. SoHo, TriBeCa, and Hudson Yards can be heard in movies and songs every year thanks to their iconic status in culture. The most expensive neighborhood in all of NYC is NoHo, with the average house costing around $3.250.000. On a side note, the most expensive area in Brooklyn Cobble Hill is around $1.600.000, and in Queens, Ditmars Steinway is $1.100.000.

1. Noho – $3.250.000
2. Hudson Yards – $3.201.875
3. Tribeca – $3.150.000
4. Central Park South – $3.050.218
5. Nolita – $3.002.146
6. Theatre District – $2.970.000
7. Bowery – $2.350.000
8. Soho – $2.330.000
9. Civic Center – $2.270.000
10. Hudson Square/West Soho – $2.050.000

Luxury Real Estate New York – Expensive and Luxurious

Buying real estate in New York is surely no easy task. If you’re thinking about investing in New York real estate, or even just want to get informed about the real estate market in New York, we have the perfect reading for you. In the article below we detail the best neighborhoods to live in New York, where to buy real estate, how to get into the real estate market, and what you need to look out for. It’s part of our series on buying a house and buying an apartment.

New York Luxury Real Estate

Paying to get Money Loaned

You pay off real estate by getting a mortgage. On this mortgage you have to pay interest No other country has mortgage interest rates as high as Argentina. Paying off a mortgage here means an uncomfortable 41.11% mortgage interest rate. In Finland, this is much more affordable with a manageable 1.42%. Before delving into mortgage interest, we explain shortly what a mortgage itself is.

• Highest mortgage interest: Argentina – 41.11%
• Lowest mortgage interest: Finland – 1.42%

Mortgage Definition & Explanation

A mortgage is a type of loan. That means it is a sum of money which a lender pays on behalf of a borrower. A mortgage is a loan which is used to pay off property. The borrower is required to pay the money which they borrowed back, but not as a lump sum, but rather in rates. This means that e.g. as opposed to paying 1 mil. in one transaction, the borrower can pay 10.000 every month for 100 months. On top of this though, the lender typically requires interest, which is a percentage of the total loan which the borrower must pay on top of the rates.

Curious about the details of mortgages? Our easy to understand guide explains everything you need to know:

• Mortgages Explained Easily – How-to, Easy Guide

Mortgage Interest – What is it?

Interest is a price which you pay for the service and risk of someone loaning you money. Mortgage interest rates are expressed as annual payments, and are e.g. 5%. That means that every year you will pay an additional 5% of the total loan amount to the mortgage lender.

How do Mortgages Work?

Who pays less on their mortgage? Which mortgage works for who? There are certain characteristics which make some people more attractive as borrowers to the lender, these people then have to pay less mortgage interest than others. These can be understood simply with the rule of thumb, the more you pay at the point of closing, and the less of a risk you are to the lender, the lower the interest rate will be. The following factors mean you pay a lower mortgage interest rate

• Higher loan orgination fee
• Larger down payment
• The property is a private residence
• Better credit score

APR or Interest Rate? Meaning Explained

What is the difference between APR and interest rate? Interest rate is the annual cost of the loan itself, while APR is the annual cost to the borrower, including fees and other charges on top of the raw percentage rate. This is so that the borrower is cleared up about exactly how much the loan is costing them. It is based on the Federal Truth in Lending act.

• Interest rate is the annual cost of the loan itself
• APR is the annual cost to the borrower

Calculating Mortgage Interest: Formula

How do you calculate mortgage interest? You will receive a mortgage interest rate or an APR, as explained above. This is an annual rate, but you will have to pay it monthly. As an example, we take a loan of $500.000 with an APR of 5%.

Loan Amount x Rate = Annual Payment

$500.000 x 5% = $25.000

Every month you will have to pay this amount divided by 12 (for the 12 months in the year). That means that in order too budget properly, you will need to calculate this as well. So, how do you calculate your monthly mortgage interest?

Annual Payment / 12 = Monthly payment

$25.000 / 12 = $2.083

Wondering about what you have to pay when buying a house? There are too many additional costs to name here, but we’ve summarized everythign you need to know

• All Additional Costs when Buying a House

Types of Mortgage Interest

When choosing your mortgage, you will have to decide between fixed-rate and adjustable rate. These differ significantly, and it is therefore very important to undersstand the advantages and disadvantages of each.

Fixed Rate vs. Adjustable Rate

Fixed-rate loans and adjustable rate loans (also called adjustable rate mortgages) differ in the variability of interest rate, as the name states. That means fixed-rate loans incur the same interest over the whole period of the loan, while adjustable rate loans incur a rate which is set to change across the lifespan of the loan.

The first, fixed rate loans are attractive because there is safety. The interest rate will not change, and therefore budgeting and planning is easy. Typically fixed rate loans are more expensive at the outset than adjustable rates. Additionally, fixed rate loans are designated by time period. The most popular time frame is a 15-year fixed rate loan. That means the borrower pays back the loan and the same interest rate over 15 years.

Second, adjustable rate loans, are attractive to start with, because the rates are lower. Yet, because they can change, borrowers can be surprised that the interest rate increases over time. These also usually begin with e.g. 5 years of a fixed rate, after which the rate begins to vary.

Mortgage Interest Comparisons: Where is Interest Highest?

There are a few top destinations for real estate investments, to know where it is financially viable to invest, and where the rates are high, we have cherry picled some important destinations. Further down is the full list of mortgage interest rates worldwide ranked.

USA – Land of Investment

New York or Los Angeles? What a choice. In the USA, you have a fairly high average mortgage interest rate of 4.9%. But thankfully it’s not difficult to Save on Real Estate Taxes. 4.9% is much lower than many other countries, including its neighbour Mexico, with 11.1%, but more than its other, Canada which has an average rate of 3.6%. Its massive standing worldwide means this is a place where investment is always attractive, and its unlikely to break down into a null market any time soon.

4.9% – Rank 67

• GDP: $20,54 bil.
• Pop: 327,2 mil.

Germany – Consumer Protection

Another country popular for property investment, Germany has a low low average mortgage interest rate of 1.88%. This ranks it the 9th lowest worldwide. With a growing economy, and home to cultural hubs such as Berlin, shopping and fashion centers like Dusseldorf, or new tech monsters like Cologne, its no surprise this is a growing market where many are looking to invest.

1.88% – Rank 95

• GDP: $3,95 bil.
• Pop: 83,02 mil.

Germany has a very different system for real estate, law and mortgages. Our article covers everything you need to know:

• German Real Estate Explained

United Kingdom – History and Power

The home of the Queen, Big Ben, and Stonehenge. There’s much to see here in what was once the world’s foremost power. No countries boast as long a tradition of power and money as the isles weest of Europe. Its average mortgage interest rate is 3.20%, among the lower rates worldwide, and lower than the United States.

3.20% – Rank 79

• GDP: $2.86 tril.
• Pop: 66,65 mil.

Mortgage Interest Worldwide – Full Ranking

Below the full list of countries worldwide where a mortgage interest rate (or comparable) exist. These are ranked from highest rate to lowest. As you can see, mortgage interest rates are highest in Argentina, Iran, Uzbekistan, and Ukraine. Also note that for a different time span, interest rates will be very different. These depart heavily from the average in the USA, which is 4.9%.

The ones listed below are for a 20 year plan with a fixed rate. Nonetheless, they give an accurate overview of where these rates are high or low.

• Argentina – 41.11 %
• Iran – 20.84 %
• Uzbekistan – 20.15 %
• Ukraine – 19.22 %
• Nigeria – 18.50 %
• Turkey – 15.57 %
• Sri Lanka – 14.66 %
• Kenya – 14.56 %
• Kazakhstan – 14.55 %
• Pakistan – 14.05 %
• Belarus – 13.95 %
• Egypt – 13.48 %
• Paraguay – 13.38 %
• Dominican Republic – 12.62 %
• Nepal – 11.74 %
• Colombia – 11.47 %
• Georgia – 11.41 %
• Armenia – 11.30 %
• Bangladesh – 11.21 %
• Mexico – 11.10 %
• Honduras – 10.92 %
• Ecuador – 10.73 %
• Indonesia – 10.29 %
• Russia – 10.25 %
• South Africa – 10.23 %
• Costa Rica – 9.69 %
• Brazil – 9.66 %
• Peru – 9.64 %
• Moldova – 9.39 %
• India – 9.25 %
• Vietnam – 9.17 %
• El Salvador – 8.93 %
• Tunisia – 8.91 %
• Iraq – 8.86 %
• Bolivia – 8.65 %
• Azerbaijan – 8.48 %
• Jamaica – 8.33 %
• Uruguay – 7.83 %
• Jordan – 7.82 %
• Guatemala – 7.79 %
• Palestine – 7.67 %
• Philippines – 7.61 %
• Lebanon – 7.08 %
• Montenegro – 6.63 %
• Algeria – 6.34 %
• Bahrain – 6.32 %
• Trinidad And Tobago – 6.30 %
• Kuwait – 5.99 %
• Iceland – 5.96 %
• Romania – 5.86 %
• North Macedonia – 5.53 %
• Panama – 5.42 %
• Thailand – 5.41 %
• Morocco – 5.34 %
• China – 5.15 %
• Albania – 5.12 %
• Hungary – 4.98 %
• Qatar – 4.78 %
• Oman – 4.71 %
• Greece – 4.67 %
• Kosovo (Disputed Territory) – 4.66 %
• Poland – 4.48 %
• Malaysia – 4.44 %
• New Zealand – 4.39 %
• United Arab Emirates – 4.27 %
• Saudi Arabia – 4.21 %
• United States – 4.19 %
• Bosnia And Herzegovina – 4.14 %
• Malta – 4.07 %
• Croatia – 4.02 %
• Serbia – 4.01 %
• Chile – 3.92 %
• Australia – 3.92 %
• Bulgaria – 3.84 %
• Israel – 3.62 %
• Ireland – 3.58 %
• Canada – 3.55 %
• South Korea – 3.44 %
• United Kingdom – 3.20 %
• Slovenia – 3.18 %
• Cyprus – 2.97 %
• Norway – 2.89 %
• Sweden – 2.75 %
• Czech Republic – 2.68 %
• Latvia – 2.67 %
• Hong Kong – 2.57 %
• Estonia – 2.52 %
• Lithuania – 2.40 %
• Singapore – 2.38 %
• Spain – 2.35 %
• Portugal – 2.28 %
• Netherlands – 2.24 %
• Austria – 2.07 %
• Italy – 1.94 %
• Germany – 1.88 %
• Taiwan – 1.84 %
• Belgium – 1.81 %
• Denmark – 1.69 %
• France – 1.56 %
• Slovakia – 1.54 %
• Switzerland – 1.52 %
• Japan – 1.47 %
• Finland – 1.42 %

Jeff Bezos (USA)

Assets: $129.9 billion

Mathias Döpfner talking to Amazon CEO Jeff Bezos to talk about the beginnings of the founding of Amazon, what he has learned since then, how he finances his rocket company “Blue Origin” and what it is like when the President of the United States is the biggest critic. In the portrait of Jeff Bezos.

Bill Gates (USA)

Assets: $113.1 billion

For the first time ever Bill Gates sat down with Ellen. He talks about becoming a young billionaire, the trampoline room in his house and the excellent work he is doing with the “Bill & Melinda Gates Foundation”.

Bernard Arnault & Family (France)

Assets: $107.9 billion

Bernard Arnault is the Chairman and CEO of the world’s largest and most successful luxury goods group LVMH, which controls brands such as Louis Vuitton, Fendi, TAG Heuer, Bulgari and Marc Jacobs. In March 2015, Forbes ranked him as the thirteenth richest person in the world.

While LVMH’s portfolio of prestigious brands grew at a breathtaking pace, Arnault made remarkable investments in companies like Netflix over ten years ago. Is it a good investment? Find out: property investment.

Warren Buffet (USA)

Assets: $89.4 billion

Mark Zuckerberg (USA)

Assets: $79.3 billion

Mark Zuckerberg in the portrait of Bloomberg “Game Changers”. The documentary series takes a look at the business leaders and entrepreneurs who have changed our world.

Top25 List of the richest people

1. Jeff Bezos (USA) – 129.9 billion $
2. Bill Gates (USA) – 113.1 billion $
3. Beranrd Arnault & family (France) – 107.9 billion $
4. Warren Buffet (USA) – 89.4 billion $
5. Mark Zuckerberg (SUA) – 79.3 billion $
6. Armancio Ortega (Spanien) – 76,5 billion $
7. Larry Ellison (USA) – 69.4 billion $
8. Carlos Slim Helú & family (Mexico) – 69.2 billion $
9. Larry Page (USA) – 67.9 billion $
10. Sergey Brin (USA) – 65.5 billion $
11. Steve Ballmar (USA) – 65.4 billion $
12. Michael Blumberg (USA) – 62.8 billion $
13. Francoise Bettencourt Meyers & family (France) – 57.7 billion $
14. Mukesh Ambani (India) – 57.1 billion $
15. Jim Walton (USA) – 52.8 billion $
16. Alice Alton (USA) – 52.8 billion $
17. Rob Walton (USA) – 52.5 billion $
18. Ma Huateng (China) – 46.7 billion $
19. Jack Ma (China) – 43.9 billion $
20. David Thomson & family (Canada) – 43 billion $
21. Charles Koch (USA) – 42.1 billion $
22. Julia Koch & family (USA) – 42.1 billion $
23. MacKenzie Besos (USA) – 41.9 billion $
24. Phil Knight & family (USA) – 40.6 billion $
25. Elon Musk (USA) – 40 billion $

Statistics: The 25 richest people

The 25 richest people in the world by wealth in 2020 (as of 17 February; in billions of US dollars).

More statistics can be found at Statista

If you’re looking to invest in German real estate, you’ll need to know the ins and outs of the laws, how to save on taxes, and more. Check out our article

• German Real Estate Law – Everything to Know

Munich with – 8,993 Euro (+48.8%)

Munich is the most expensive city in Germany for buying an apartment with 8,993 Euro per square meter. With a great quality of life, and rich cultural offering, it is no surprise people are willing to pay this much here. You want more facts and figures? Condominium, house, buy or rent: Prices Munich.

• Price 2019: 8.993 Euro / square meter
• Price 2015: 6.043 Euro / square meter
• Increase: + 2,959 Euro
• Increase in percent: 48.81 %

Frankfurt am Main – 6,701 Euro (+75.7%)

Germany’s biggest airport, and financial centre. Arguably Germany’s only city with a ‘skyline’ ranks second in the most expensive cities in Germany for buying an apartment. Condominium, house, buy or rent in Frankfurt am Main: Prices Frankfurt am Main.

• Price 2019: 6.701 Euro / square meter
• Price 2015: 3.814 Euro / square meter
• Increase: + 2,887 Euro
• Increase in percent: 75.69 %

Stuttgart – 6,324 Euro (+49.2%)

Stuttgart is not necessarily the most known city abroad, but it is home to the automotive giants known all around the world. It is the third most expensive city in Germany, which makes sense given its shopping and luxury connotations within the country.

• Price 2019: 6.324 Euro / square meter
• Price 2015: 4.238 Euro / square meter
• Increase in Euro: + 2,086 Euro
• Increase in percent: 49.22 %

Potsdam – 6.1.64 Euro (+85.6%)

Most people don’t know much about Potsdam other than as a daytrip when visiting Berlin. Home to the government buildings of the Bundesland Brandenburg, it is also home to considerable cultural marvels. In the North of the city, there is Alexandrowka, a ‘city’ modeled after Russian villages. There is also the regal Sanssoucie (translated = without worries) and much more to see here. The perfect spot to live the high life without the inner city atmosphere of Berlin.

• Price 2019: 6.1.64 Euro / square meter
• Price 2015: 3.322 Euro / square meter
• Increase in Euro: 2,842 Euro
• Increase in percent: 85.55 %

Berlin – 5,578 Euro (+68.9%)

Berlin is known all around the world. Youth culture with Techno and other nightlife, Museums which are home to some of the world’s masterpieces, and the place of government for the whole German country. This is where things are happening. Rent, buy, live in Berlin! You want more facts and figures? Apartment, house, buy or rent: Prices Berlin.

• Price 2019: 5.578 Euro / square meter
• Price 2015: 3.303 Euro / square meter
• Increase in Euro: + 2.275 Euro
• Increase in percent: 68.87 %

Hamburg – 5,507 Euro (+42.4%)

Hamburg is Germany’s second most populous city. It is home to one of the world’s busiest ports, and the Elbphilharmonie. The rich, cultured, and stylish prefer Hamburg over most other German cities. You want more facts and figures? Condominium, house, buy or rent: Prices Hamburg.

• Price 2019: 5.507 Euro / square meter
• Price 2015: 3.868 Euro / square meter
• Increase in Euro: + 1.639 Euro
• Increase in percent: 42.37 %

Düsseldorf – 5,470 Euro (+45.2%)

The German capital of fashion, and close to one of the four big players in German real estate, Cologne, this is a city for models and shopping. You want more facts and figures about Düsseldorf? Condominium, house, buy or rent: Prices Düsseldorf.

• Price 2019: 5.470 Euro / square meter
• Price 2015: 3.767 Euro / square meter
• Increase in Euro: + 1,703 Euro
• Increase in percent: 45.21 %

Erlangen – 5,416 Euro (+53.3%)

• Price 2019: 5.416 Euro / square meter
• Price 2015: 3.534 Euro / square meter
• Increase in Euro: + 1,882 Euro
• Increase in percent: 53.25 %

Regensburg – 5,411 Euro (+49.2%)

• Price 2019: 5.411 Euro / square meter
• Price 2015: 3.628 Euro / square meter
• Increase in Euro: + 1,783 Euro
• Increase in percent: 49.15 %

Freiburg im Breisgau – 5,349 Euro (+16.8%)

• Price 2019: 5.349 Euro / square meter
• Price 2015: 4.580 Euro / square meter
• Increase in Euro: + 769 Euro
• Increase in percent: 16.79 %

Source: Cities with the Highest Prices per Square Meter

Summarizing the list above, here a graph detailing the most expensive cities for apartments in 2015 and 2019 (in euros per square meter).

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 in NRW and Hessen. To know whether its worth investing in a property to rent out, 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%

Purchasing Power by City

The chart shows the districts and cities with the highest purchasing power as a percentage of the national average. Note that in Germany, there is a distinction between Bundeslännder (the equivalent of states in the USA) and Landeskreise (equivalent of counties in the USA), also abbreviated to LK.

More statistics can be found at Statista

Ownership Ratio in Germany

Ownership rate in Germany in the period from 1998 to 2018 by Bundesländer.

All further information on 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).

More statistics can be found at Statista

Cities with Highest Real Estate Loans

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
4. Düsseldorf – 374,000 euros
5. Stuttgart – 373.000 Euro
6. Münster – 358,000 euros
7. Bonn – 344.000 Euro
8. Cologne – 329,000 euros
9. Berlin – 327.000 Euro
10. Nuremberg – 295,000 euros

More statistics can be found at Statista

How much m² for 800.00 Euro? Comparison Worldwide

Where is Germany in a global comparison? Here we have another excellent infographics from the Federal Statistical Office, how many square meters are available for 1 million (or approx. 800,000 euros)? The chart shows the average size of premium properties at a price of 1 million US dollars in selected cities. In Berlin you can currently get 78 m² for 800,000 Euro.

• Berlin – 78 m² (comparative value)
• Monaco – 16 m²
• Hong Kong – 22 m²
• New York – 25 m²
• London – 28 m²
• Paris – 46 m²
• Los Angeles – 58 m²
• Tokyo – 77 m²
• Miami – 78 m²
• Dubai – 98 m²

More statistics can be found at Statista

Purchase of an Apartment Without an Agent

The chart shows the percentage of condominiums advertised by real estate agents in 2016, which clearly shows 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 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

Earning Money with Real Estate in Germany

1. Letting a property – housing requirements
2. Turnover with real estate: purchase, sale, mediation and administration

Housing Requirements

You can live in your own property yourself or you can rent it out. With the current housing shortage, this is a good prerequisite for increasing rental income. Because as always, supply and demand. The chart shows the share of annual building completions in 2016-2018 in the annual demand in the period 2016-2020.

1. Hamburg and Düsseldorf Coverage / year at 86%
2. Frankfurt am Main Coverage / year at 78%
3. Berlin coverage / year at 73%
4. Munich Coverage / year at 67%
5. Stuttgart Coverage / year at 56%
6. Cologne Coverage / year at 46%

Turnover with real estate: Purchase / Sale, Mediation and Administration

The chart shows the turnover in the real estate services sector in Germany (in billion euros). The largest turnover in real estate is currently generated by property management, at 11.12 billion euros.

Purchase and sale of real estate

• Purchase and sale – 8.84 billion Euro
• Comp. 2014 – 7.21 billion Euro
• Increase of 22.6% (1.63 billion euros)

Residential property brokerage

• 8.49 billion Euro/li
• Comp. 2014 – 6.69 billion Euro
• Increase of 26.9% (1.8 billion euros)

Management of residential real estate for third parties

• Administration – 11.12 billion euros
• Comp. 2014 – 8.34 billion Euro
• Increase of 33.3% (2.78 billion euros)

More statistics can be found at Statista

If you’re looking to invest in German real estate, you’ll need to know the ins and outs of the laws, how to save on taxes, and more. Check out our article

• German Real Estate Law – Everything to Know

Munich at 17.50 Euro / m²

Rent an apartment in Munich? Read more about the most popular districts in Munich and the current prices for renting a house or apartment: Prices Munich.

• Rental price: 17,50 Euro / square meter
• Purchase price (current): 8.993 Euro / square meter

Frankfurt at 14.48 Euro / m² (-17.2%)

Frankfurt am Main is the metropolis for finance in Germany. More and more people are attracted to Frankfurt. We take a look at the current figures and statistics: Prices Frankfurt.

• Rental price: 14,48 Euro / square meter
• Comparison (Munich): – 3.02 Euro
• In percent: – 17.26 %
• Purchase price (current): 6.701 Euro / square meter
• Comparison (Munich): – 2,292 Euro
• In percent: – 34.20 %

Stuttgart at 14.20 Euro / m² (-18.9%)

Stuttgart is famous for its car industry but also for the good life, close to Switzerland and also Italy. Even closer is France. Therefore Stuttgart is central for the economy in the region: Prices Stuttgart.

• Rental price: 14,20 Euro / square meter
• Comparison (Munich): – 3.30 Euro
• In percent: – 18.86 %

Darmstadt at 12.61 euros / m² (-27.9%)

• Rental price: 12,61 Euro / square meter
• Comparison (Munich): – 4.89 Euro
• In percent: – 27.94 %

Mainz at 12.46 Euro / m² (-28.8%)

• Rental price: 12,46 Euro / square meter
• Comparison (Munich): – 5.04 Euro
• In percent: – 28.8 %

Wiesbaden at 12.15 Euro / m² (-30.6%)

• Rental price: 12,15 Euro / square meter
• Comparison (Munich): – 5.35 Euro
• In percent: – 30.57 %

Freiburg at 12.13 Euro / m² (-30.7%)

• Rental price: 12,13 Euro / square meter
• Comparison (Munich): – 5.37 Euro
• In percent: – 30.68 %
• Purchase price (current): 5,349 Euro / square meter
• Comparison (Munich): – 3,644 Euro
• In percent: – 68.12 %

Düsseldorf at 12.13 Euro / m² (-30.7%)

The German capital of fashion. Rent an apartment in Munich? Read more about the most popular districts in Munich and the current prices for renting a house or apartment: Prices Düsseldorf.

• Rental price: 12,13 Euro / square meter
• Comparison (Munich): – 5.37 Euro
• In percent: – 30.68 %
• Purchase price (current): 5.470 Euro / square meter
• Comparison (Munich): – 3,523 Euro
• In percent: – 64.4 %

Heilbronn at 12.12 Euro / m² (-30.7%)

• Rental price: 12,12 Euro / square meter
• Comparison (Munich): – 5.38 Euro
• In percent: – 44.39 %

Hamburg at 12.12 Euro / m² (-30.7%)

Shopping, actors, athletes, Hamburg is home to high society. How are rents developing? Read more here: Prices Hamburg.

• Rental price: 12,12 Euro / square meter
• Comparison (Munich): – 5.38 Euro
• In percent: – 30.7 %
• Purchase price (current): 5.507 Euro / square meter
• Comparison (Munich): – 3,486 Euro
• In percent: – 63.3 %

Statistics, data basis: rental price

1. Cities with the highest rents
2. Rental price for the own dream apartment
3. Housing market: Current requests and offers

Source: Cities with the highest rents

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

More statistics can be found at Statista

Rental price for the own dream apartment

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
6. Berlin – 900 Euro / month
7. Cologne – 880 Euro / month
8. Nuremberg – 800 Euro / month
9. Dresden – 730 Euro / month
10. Hanover – 720 Euro / month

More statistics can be found at Statista

Home market: Current requests and offers

The chart shows requests and offers for rental apartments in the 14 largest cities in Germany. 150,000 advertisements for rental apartments and the corresponding contact enquiries were evaluated.

More statistics can be found at Statista

Stock exchange: The largest housing companies

The chart shows the largest listed residential real estate companies by residential units in Germany (2018). Stable returns can be achieved not only with properties, but also with their providers.