Munich
Bavaria, Germany
Asking price (ImmoScout24). Munich is by far the most expensive German city for apartments.
Germany property prices
Germany property prices by city: Munich, Hamburg, Frankfurt, Berlin, Cologne, Dresden (2026)
Short answer. In Q4 2025, the highest asking prices were in Munich (about 8,266 EUR per square meter) and the lowest in Dresden (about 2,971 EUR per square meter), a gap of about 178%. These are asking prices for existing apartments from ImmoScout24, shown next to the official Destatis trend. Source: ImmoScout24 WohnBarometer (asking prices for existing apartments).
Updated 8 June 2026Official source named
Hamburg
Germany
Asking price (ImmoScout24). By mid 2026 some trackers showed Hamburg near 6,000 per square meter.
Asking price per sqm
EUR5,283 /sqm
up 1.8% over 12 months
Stable See homes in Hamburg See the price dataAs of Q4 2025
Frankfurt
Hesse, Germany
Asking price (ImmoScout24), Germany's banking capital. Some 2026 trackers put it nearer 6,500.
Asking price per sqm
EURabout 5,200 /sqm
Stable See homes in Frankfurt See the price dataAs of early 2025
Berlin
Germany
Asking price (ImmoScout24). Berlin led the big German cities for growth in late 2025.
Asking price per sqm
EUR4,884 /sqm
up 5.2% over 12 months
Rising See homes in Berlin See the price dataAs of Q4 2025
Cologne
North Rhine-Westphalia, Germany
Asking price (ImmoScout24). Close to actual transaction prices reported by the local valuation committee.
Asking price per sqm
EUR4,340 /sqm
up 4.3% over 12 months
Stable See homes in Cologne See the price dataAs of Q4 2025
Dresden
Saxony, Germany
Asking price (Sprengnetter data). The most affordable of the big German cities here.
Asking price per sqm
EUR2,971 /sqm
up 4.0% over 12 months
Stable See homes in Dresden See the price dataAs of 2026
Buying in Germany?
See the homes that fit you through a vetted local agent. Free, and no spam.
Where these places are
Full data table
| City | Asking (EUR/sqm) | Sold (EUR/sqm) | Change, 12 months | Trend |
|---|---|---|---|---|
| Munich | 8,266 | n/a | n/a | Stable |
| Hamburg | 5,283 | n/a | +1.8% | Stable |
| Frankfurt | about 5,200 | n/a | n/a | Stable |
| Berlin | 4,884 | n/a | +5.2% | Rising |
| Cologne | 4,340 | n/a | +4.3% | Stable |
| Dresden | 2,971 | n/a | +4.0% | Stable |
Source: ImmoScout24 WohnBarometer (asking prices for existing apartments). https://www.scout24.com/en/investor-relations/capital-market-story/market-update-wohnbarometer
Official trend
Germany's official transaction based House Price Index rose about 3.0% over the year to 2025-Q4, with the index at 153.7 (2015 = 100). This is the official trend behind the asking prices above. Source: Eurostat, House Price Index (prc_hpi_q), fetched 2026-06-08. https://ec.europa.eu/eurostat/databrowser/view/prc_hpi_q/default/table?lang=en
How we know these numbers
Germany's official trend comes from Destatis (the Federal Statistical Office) house price index, which rose about 3.0 percent over the year to Q4 2025, the first yearly increase since 2022, and is also in Eurostat. The per square meter figures here are asking prices for existing apartments from ImmoScout24, the main portal.
These are asking prices for existing apartments from ImmoScout24. The official, transaction-based Destatis index rose about 3.0 percent over the year to Q4 2025, the first yearly rise since 2022 after the 2022 to 2024 correction. Some 2026 trackers show higher figures for Hamburg and Frankfurt as the recovery continued.
Frequently asked questions
Which German city is most expensive per square meter?
Munich, at about 8,266 EUR per square meter asking, far above the rest. Hamburg and Frankfurt follow around 5,200 to 5,300, then Berlin and Cologne. Dresden is the most affordable here.
Are German prices rising again?
Yes, modestly. After falling from 2022 to 2024, the official Destatis index rose about 3.0 percent over the year to Q4 2025, the first yearly increase since 2022, led by Berlin among the big cities.
Are these official prices?
No. They are asking prices for existing apartments from ImmoScout24. The official, transaction-based trend is the Destatis house price index, also sent to Eurostat.
Sources
- ImmoScout24 WohnBarometer (asking prices for existing apartments) (asking prices from listings): https://www.scout24.com/en/investor-relations/capital-market-story/market-update-wohnbarometer
- Destatis (Federal Statistical Office), house price index (official, transaction based, national index): https://www.destatis.de/EN/Themes/Economy/Prices/Construction-Prices-And-Real-Property-Prices/_node.html
- Eurostat House Price Index (Germany, country level) (official, transaction based, country level only): https://ec.europa.eu/eurostat/databrowser/view/prc_hpi_q/default/table?lang=en
- Munich photo: Stefan Kuhn / Wikimedia Commons / CC BY-SA 3.0 (source)
- Hamburg photo: Heide-Daniel / Wikimedia Commons / CC BY-SA 3.0 (source)
- Frankfurt photo: Sneha G Gupta / Wikimedia Commons / CC BY-SA 4.0 (source)
- Berlin photo: BrokenSphere / Wikimedia Commons / CC BY-SA 3.0 (source)
- Cologne photo: Jorge Franganillo / Wikimedia Commons / CC BY 2.0 (source)
- Dresden photo: Ad Meskens / Wikimedia Commons / CC BY-SA 4.0 (source)