Germany: House Prices, Rents, and Rental Yields
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Last Updated: May 29, 2009
Rental yields under 5% in Germany’s major cities
| Last Updated: May 29, 2009 | |||||
| BERLIN - Apartments | COST (€) | YIELD (p.a.) | PRICE/SQ.M. (€) | ||
| TO BUY | MONTHLY RENT | TO BUY | MONTHLY RENT | ||
| 70 sq. m. | 210,000 | 797 | 4.55% | 3,000 | 11.38 |
| 120 sq. m. | 345,840 | 1,475 | 5.12% | 2,882 | 12.29 |
| 160 sq. m. | 495,360 | 1,858 | 4.50% | 3,096 | 11.61 |
| 200 sq. m. | 662,600 | 2,380 | 4.31% | 3,313 | 11.90 |
| FRANKFURT - Apartments | |||||
| 50 sq. m. | 138,450 | 603 | 5.22% | 2,769 | 12.05 |
| 85 sq. m. | 267,155 | 1,092 | 4.91% | 3,143 | 12.85 |
| 120 sq. m. | 428,640 | 1,631 | 4.57% | 3,572 | 13.59 |
| 200 sq. m. | 894,000 | 2,864 | 3.84% | 4,470 | 14.32 |
| MUNICH - Apartments | |||||
| 35 sq. m. | 97,930 | n.a | n.a. | 2,798 | n.a. |
| 50 sq. m. | 170,150 | 678 | 4.78% | 3,403 | 13.55 |
| 75 sq. m. | 258,300 | 1,003 | 4.66% | 3,444 | 13.37 |
| 120 sq. m. | 479,880 | 1,676 | 4.19% | 3,999 | 13.97 |
| 200 sq. m. | 831,000 | 2,856 | 4.12% | 4,155 | 14.28 |
| Berlin: Charlottenburg, Friedrichshain, Grunewald, Karlhorst, Mitte, Prenzlauer Berg & Wilmersdorf Frankfurt: Bockenheim, Bornheim, Nordend, Sachsenhausen & Westend Munich: Au, Bogenhausen, Freimann, Haidhausen, Lehel, Maxvorstadt, Neuhausen-Nymphenburg & Schwabing Source: Global Property Guide Definitions: Data FAQ See also: Update Schedule |
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Gross rental yields remain low in Germany’s major cities, at under 5%. The difference between Berlin, Frankfurt and Munich are relatively small, with apartments in Frankfurt (4.63%) and Berlin (4.62%) yielding very slightly more than partments in Munich (4.44%).
These yield figures are low. For German investors, they may be compensated for by relatively generous tax breaks. Non-resident foreign investors, on the other hand, suffer tax penalties when they buy property in Germany.
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