Transaction price for the purchase of new housing units in German cities 2016-2023

Published by Statista Research Department, Sep 4, 2024

The average transaction price for the purchase of new residential properties increased in the main cities in Germany between 2016 and 2021. Afterward, prices they stabilized and slightly decreased in 2023. By 2023, Munich had the highest average transaction price for new dwellings of approximately 10,900 euros per square meter. Frankfurt ranked second with an average transaction price of 7,700 euros per square meter, followed by Hamburg and Berlin.

Average transaction price for the purchase of new residential properties in Germany from 2016 to 2023, by city (in euros per square meter)

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Release date

August 2024

Region

Europe, Germany

Survey time period

2016 to 2023

Supplementary notes

Figures prior to 2020 are taken from previous publications by the source.

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