Real estate prices and location analysis Hamburg

The real estate market in Hamburg

Location analysis Investment real estate Hamburg


Hamburg is one of the most attractive cities in Germany. Despite high real estate prices and a rapid price development over the last 10 years, Hamburg remains a top location for investment properties.

Real estate prices Hamburg

In the northern metropolis, the average square meter price for housing has more than doubled in the last 10 years. In particular, the prices of condominiums have risen appreciably, so that the price level for apartments and houses has almost aligned.

Buying real estate in Hamburg makes sense?

The well-earned and the wealthy primarily acquire properties in an exposed location in the Hanseatic city as an investment. Whether multi-family house, residential complex, business park, office property or commercial real estate – the rental of real estate is worthwhile in Hamburg due to the influx and the growing demand for residential or commercial properties. This meets a small offer. Housing is not keeping pace with the need for rental housing. The current vacancy rate in Germany’s second-largest city is about 0.5 percent, and has remained below 1 percent for 10 years. Hamburg also offers the best conditions as a business location. Among Hamburg’s largest employers are Airbus, Asklepios Kliniken, Otto Group, Deutsche Post and Hamburger Sparkasse. Buying is therefore worthwhile in the city-state. Building in Hamburg, however, is becoming more expensive, due to increased construction costs and land prices. Investors who invest specifically in attractive suburban districts with good infrastructure will still achieve a reasonable return.

Why choose E1 Holding?

E1 International Investment Holding GmbH has been active in the real estate business since 2007. The current transaction volume amounts to more than EUR 2.4 billion for more than 4,700 real estate transactions. E1 Holding is your answer to the real estate business. Get amazing investment agreements when you buy a property and benefit from the sale.
Send us an e-mail to learn more.

Return on investment properties Hamburg

Realistically, returns for condominiums are around 3 percent. For industrial and logistics areas or medical centres in the Hanseatic city, the net initial returns are about 4 to 5 percent. For office and commercial buildings, net returns are between 2 and 3 percent. However, they are mainly location- and object-dependent, in individual cases they can deviate significantly from this. Higher yields are thrown at buy-to-let properties in an upscale residential area of Hamburg, for example in Othmarschen, Blankenese, Nienstedten, Harvestehude, Winterhude or Uhlenhorst. In the surrounding area of Hamburg, the suburbs of Glinde, Reinbek, Ahrensburg, Wedel or Buxtehude are interesting, and an optimal transport connection is crucial in addition to greenery. The TOP locations for commercial properties such as retail centres or car parks include the areas of HafenCity and City Süd as well as Eppendorf or Bahrenfeld. In Hamburg, residential real estate investors dominate, the commercial real estate market is characterized by a few large transactions.

Ancillary costs of real estate acquisition in Hamburg

The additional costs for the purchase of real estate in Hamburg amount to a total of 12.75 percent. They consist of 1.5 per cent pay for the notary, 0.5 per cent fees for the land register entry and 4.5 per cent real estate transfer tax and 6.25 per cent brokerage commission. The courtage for the real estate agent is borne in Hamburg by the buyer of the property. Usually the ancillary costs have to be paid by the investor. The leading institute for major real estate financing is Deutsche Bank in Hamburg. Most private construction financing was handled by Hamburger Sparkasse.

Impact of Covid-19 on the Hamburg Real Estate Market

Hamburg, like almost all major German cities, was severely affected by the Corona virus. In the office real estate market, the lack of rental payments due to economic problems, for example in hotel properties or shopping centres, can be expected from a medium-term perspective. The rental of senior properties could suffer from the virus epidemic in the short term, but a serious housing crisis is not expected. Interest in solid tangible assets is not decreasing due to volatile or low-interest investment alternatives. Despite the uncertainties, residential real estate remains a valuable investment.

Real estate forecast Hamburg 2030

Real estate agents and economic experts expect Hamburg’s population to continue to rise until 2030, pushing up the price per square metre of housing. Although price developments could flatten out, investment properties can be used to increase their value. Studies predict an annual increase in the price of real estate for Hamburg of almost 1 percent during this period. Hamburg also has a young population. In 2030, Hamburgers are on average 5 years younger than the rest of Germany, according to the forecast. Residential buildings in suburban areas and surrounding regions of Hamburg are particularly recommended as investments.

Do you have any questions or would like to make us an offer in Hamburg?

We look forward to your offer in Hamburg!

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