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May 30, 2015

Yields are moderate in Germany

Last Updated: May 30, 2015
BERLIN - Apartments COST (€) YIELD (p.a.) PRICE/SQ.M. (€)
40 sq. m. 148,000 437 3.54% 3,700 10.92
75 sq. m. 303,075 844 3.34% 4,041 11.25
120 sq. m. 501,240 1,390 3.33% 4,177 11.58
200 sq. m. 978,000 2,308 2.83% 4,890 11.54
FRANKFURT - Apartments
50 sq. m. 211,800 691 3.91% 4,236 13.81
75 sq. m. 397,375 1,122 3.39% 4,675 13.20
120 sq. m. 639,480 1,757 3.30% 5,329 14.64
200 sq. m. 1,256,800 n.a. n.a. 6,284 n.a.
MUNICH - Apartments
50 sq. m. 343,300 926 3.24% 6,866 18.52
120 sq. m. 974,160 2,076 2.56% 8,118 17.30
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

For those who wish to buy or rent an old, but well-refurbished apartment, Berlin is still more affordable than Frankfurt or (especially) Munich.

Munich is Germany’s high-cost leader, of course. To buy a 120 square metre (sq. m.) apartment in Munich costs around EUR 8,100 per sq. m., while in Berlin it costs around EUR 4,200 per sq. m., and in Frankfurt, the same sized apartment costs around EUR5,300 per sq. m.. Rents are correspondingly pricey.

Wherever you buy, you are unlikely to have much problem letting your apartment. Especially at the lower end there is an acute shortage of affordable apartments as the German boom continues, sucking in workers from all over Europe.

The higher yields in all three cities come on the smallest apartments, and are caused by the fact that very small apartments are relatively cheap to buy.

Over the last two years the yields gap between Berlin and the other two cities has narrowed as rents have risen significantly in Frankfurt. Berlin remains much less expensive, but in terms of rental return-on-investment, there is no longer much difference between Berlin and Frankfurt, while Munich´s yields are still a little lower.

All apartments included in the survey were located in the upscale residential neighbourhoods of Berlin, Frankfurt and Munich.

Round trip transaction costs are moderate to high in Germany. See our Germany transaction costs analysis and our Residential property transaction costs in Romania compared to other countries.


#1 HUDA | April 17, 2010

please i want an apartment 120-200.sqm with minimum 3 rooms maximum 15 minutes walking to the center or 10 minutes by underground 3-4 stops.thanks

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