Cologne, Germany
Property prices · 2024 · Europe
Property price trend in Cologne (2024–2026)
Property comparison — cities in Germany (2024)
| City | Centre /sqm | Outside /sqm | 1-Bed Rent | vs Cologne |
|---|---|---|---|---|
| Cologne | EUR 6,800 | EUR 4,500 | EUR 1,450 | — |
| Munich | EUR 10,800 | EUR 7,200 | EUR 2,100 | +58.8% |
| Frankfurt | EUR 8,200 | EUR 5,500 | EUR 1,700 | +20.6% |
| Hamburg | EUR 7,800 | EUR 5,200 | EUR 1,600 | +14.7% |
| Stuttgart | EUR 7,200 | EUR 4,800 | EUR 1,550 | +5.9% |
| Berlin | EUR 6,200 | EUR 4,100 | EUR 1,400 | -8.8% |
Other Europe cities (2024)
Frequently asked questions
How much does property cost in Cologne in 2024?
In Cologne, the average price per sqm in the city centre is EUR 6,800, and EUR 4,500 outside the centre (2024 data). Prices have risen 7.5% since 2024.
How much is rent in Cologne in 2024?
A 1-bedroom apartment in Cologne rents for approximately EUR 1,450 per month in 2024. A 3-bedroom apartment costs around EUR 2,200/month.
Is it better to buy or rent in Cologne?
Renting is generally more cost-effective in Cologne. The price-to-rent ratio is 22.0x — it would take approximately 22.0 years of rental payments to equal the property purchase price. Current mortgage rates are approximately 3.50%.
What are mortgage rates in Germany in 2024?
The average mortgage rate in Germany is approximately 3.50% as of 2024. With a price-to-rent ratio of 22.0x, buyers should carefully weigh mortgage costs against rental savings.
What is the price per sqm in Cologne?
The average property price per square metre in Cologne city centre is EUR 6,800 in 2024. Outside the centre, expect to pay around EUR 4,500/sqm.