The German residential market saw another year of consolidation in 2023. In addition to the significant rise in consumer prices, an unprecedented increase in construction costs and interest rates put the brakes not only on the investment markets but also on housing construction. As a result of a noticeable increase in financing costs, some projects were reassessed, delayed or abandoned. Higher refinancing costs have already led to a number of insolvencies among property developers. In 2023, the average price per sqm was €16.96, decreasing 2% to €16.62/sqm.

Apartment Options

Studio

• Rent w/o utilities: €685.03
• Square metres: 23.21
• Rooms: 1

1-Bedroom

• Rent w/o utilities: €1,205
• Square metres: 39.4
• Rooms: 1

2-Bedroom

• Rent w/o utilities: €1,500
• Square metres: 62
• Rooms: 2

3-Bedroom

• Rent w/o utilities: €2,150
• Square metres: 90.53
• Rooms: 3