Hamburg, Germany
Property prices · 2024 · Europe
Property price trend in Hamburg (2024–2026)
Property comparison — cities in Germany (2024)
| City | Centre /sqm | Outside /sqm | 1-Bed Rent | vs Hamburg |
|---|---|---|---|---|
| Hamburg | EUR 7,800 | EUR 5,200 | EUR 1,600 | — |
| Munich | EUR 10,800 | EUR 7,200 | EUR 2,100 | +38.5% |
| Frankfurt | EUR 8,200 | EUR 5,500 | EUR 1,700 | +5.1% |
| Stuttgart | EUR 7,200 | EUR 4,800 | EUR 1,550 | -7.7% |
| Cologne | EUR 6,800 | EUR 4,500 | EUR 1,450 | -12.8% |
| Berlin | EUR 6,200 | EUR 4,100 | EUR 1,400 | -20.5% |
Other Europe cities (2024)
Frequently asked questions
How much does property cost in Hamburg in 2024?
In Hamburg, the average price per sqm in the city centre is EUR 7,800, and EUR 5,200 outside the centre (2024 data). Prices have risen 7.5% since 2024.
How much is rent in Hamburg in 2024?
A 1-bedroom apartment in Hamburg rents for approximately EUR 1,600 per month in 2024. A 3-bedroom apartment costs around EUR 2,500/month.
Is it better to buy or rent in Hamburg?
Renting is generally more cost-effective in Hamburg. The price-to-rent ratio is 23.0x — it would take approximately 23.0 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 23.0x, buyers should carefully weigh mortgage costs against rental savings.
What is the price per sqm in Hamburg?
The average property price per square metre in Hamburg city centre is EUR 7,800 in 2024. Outside the centre, expect to pay around EUR 5,200/sqm.