(94) Houses for sale in Hamburg (2024)

FAQs

Is it worth buying a house in Germany? ›

Renowned for its stable economy, strong legal system, and commitment to quality living, buying property in Germany as a foreigner is a secure and reliable investment, and you can benefit from rising house prices.

Unlike in other countries, such as Denmark and Switzerland, there are no restrictions to foreigners to purchase real estate in Germany. Currently, many foreign purchasers acquire properties in large German cities such as Berlin, Frankfurt and Munich.

Many people are looking for an apartment in Hamburg. It is not easy for anyone and it can often take some time to find an apartment. So do not lose heart and patience.

Although the housing market is competitive in Germany, it's definitely not impossible to buy a house or apartment if you put time and energy into your search.

The average price of detached and duplex houses in the biggest cities in Germany varied between approximately 5,000 euros and 10,000 euros per square meter in the second quarter of 2023. Housing was most expensive in Munich, where the square meter price of houses amounted to 9,931 euros.

Necessary equity capital when buying a house in Germany

Experts recommend having 20-30% of the property price available as equity capital. The more equity you have, the better conditions for a mortgage you will get. So how much money you need upfront to buy a house in Germany depends on the purchase price of the house.

Land registry extract, etc. Most homebuyers in Germany choose fixed-rate mortgages for a fixed rate of 10 years. Many buyers in Germany will need to pay a downpayment, with 20% being a common amount; Non-residents may need to pay a larger deposit. Average house prices for single-family and duplex homes (approx.)

Permanent Settlement Permit

To be eligible, you must have lived in Germany for at least four years on a standard residence permit. Additionally, you should have a B1 level proficiency in the German language and demonstrate financial stability to cover your living expenses.

Can you live in Hamburg without speaking German? ›

Public authorities might sometimes be tricky, but generally are prepared -- there's many people working in Hamburg who don't speak German (at all or well enough). Shopping you usually don't need to talk. But you might.

Rental prices

Average prices in Hamburg lie between 11 and 13 euros per square metre. The so-called Kaltmiete (lit. 'cold rent') doesn't include heating, water and electricity, while the Warmmiete is what you can expect to pay with utilities (other than internet) included.

Berlin is our number one choice for buying and selling property in Germany in 2023, as it combines the best of both worlds: a high demand and a low price. Berlin is Germany's capital and largest city, and it is a political and cultural powerhouse.

Due to high interest rates and construction costs, the German government is far from achieving its ambitious goal of building 400,000 new homes a year, including 100,000 social housing units. According to the Ifo Institute for Economic Research, around 245,000 apartments were built in 2023, and only 210,000 this year.

German architecture is known for its durability, functionality and craftsmanship. Many historic houses are made from brick, especially in the north where there was less rock available throughout history. Half-timbered and fully timbered houses are common all over Germany.

Is Germany good for real estate? Yes. German real estate is a liquid asset: residential property prices grow by an average of 1,9% every quarter. Residential and commercial properties can be rented out and resold for profit.

First, the purchase of real estate in itself is not a reason for issuing a visa or residence permit. However, the property owner may apply for a visa, residence permit or citizenship. Different countries have different immigration policies.

Every property owner in Germany is liable to pay real property tax (Grundsteuer). The tax rate depends on the type of real property.

Higher transaction taxes make real estate a more expensive and less liquid asset. The lack of mortgage tax deductions is tax-efficient but raises financing costs, and social housing rentals provide a low-cost alternative to homeownership.