In 2024, property prices in Hamburg are expected to remain quite high, though the market shows signs of stabilization. The average cost per square meter of housing is around 5,000 euros, but this figure can vary significantly depending on the district and type of housing. In central and well-known areas such as Harvestehude, Rotherbaum, and Winterhude, house and apartment prices reach up to 10,000 euros per square meter. In these areas, the cost of a large home ranges from 150,000 to 1.8 million euros. More affordable housing can be found in suburbs and districts with less developed infrastructure, such as Wandsbek and Jenfeld, where apartments can be purchased for 280,000–900,000 euros, depending on size and condition.
With rising prices, there is a growing interest in suburbs like Bergedorf and the surrounding areas of Hamburg, such as Segeberg and Stormarn. Apartments here can be found for 3,500 euros per square meter, making these areas attractive for families and people working remotely.
Thanks to a high standard of living and a large number of jobs in Hamburg, real estate here remains in demand for both investment and permanent residence. Hamburg’s real estate market is relatively stable in the long term, as there is no shortage of renters in the city, and high local incomes support demand for both purchases and rentals.
In 2024, property prices in Hamburg are expected to remain quite high, though the market shows signs of stabilization. The average cost per square meter of housing is around 5,000 euros, but this figure can vary significantly depending on the district and type of housing. In central and well-known areas such as Harvestehude, Rotherbaum, and Winterhude, house and apartment prices reach up to 10,000 euros per square meter. In these areas, the cost of a large home ranges from 150,000 to 1.8 million euros. More affordable housing can be found in suburbs and districts with less developed infrastructure, such as Wandsbek and Jenfeld, where apartments can be purchased for 280,000–900,000 euros, depending on size and condition.
With rising prices, there is a growing interest in suburbs like Bergedorf and the surrounding areas of Hamburg, such as Segeberg and Stormarn. Apartments here can be found for 3,500 euros per square meter, making these areas attractive for families and people working remotely.
Thanks to a high standard of living and a large number of jobs in Hamburg, real estate here remains in demand for both investment and permanent residence. Hamburg’s real estate market is relatively stable in the long term, as there is no shortage of renters in the city, and high local incomes support demand for both purchases and rentals.
