Rents in Germany continued to increase in all seven major cities in 2024. The average rent per square meter in Munich was approximately **** euros — the highest in the country. Conversely, Düsseldorf had the most affordable rent, at approximately **** euros per square meter. But how does renting compare to buying? According to the house price to rent ratio, house prices in Germany have risen faster than rents, making renting more affordable than buying. Affordability of housing in Germany In 2023, Germany was among the European countries with a relatively high house price to income ratio in Europe. The indicator compares the affordability of housing across OECD countries and is calculated as the nominal house prices divided by nominal disposable income per head, with 2015 chosen as a base year. Between 2012 and 2022, property prices in the country rose much faster than income, with the house price to income index peaking at *** index points at the beginning of 2022. Slower house price growth in the following years has led to the index declining, as incomes catch up. Nevertheless, homebuyers in 2024 faced significantly higher mortgage interest rates, contributing to a higher final cost. How much does buying a property in Germany cost? Just as with renting, Munich was the most expensive city for newly built apartments. In 2024, the cost per square meter in Munich was almost ***** euros pricier than in the runner-up city, Frankfurt. Detached and semi-detached houses are usually more expensive. The price gap between Munich and the second most expensive city, Stuttgart, was nearly ***** euros per square meter.

The average rent price of residential real estate in Germany was approximately two euros higher for newly built properties than existing ones in 2023. Rents have increased steadily since 2004 and in the fourth quarter of 2023, the average square meter rent for a newly constructed property reached 11.9 euros. The rent for existing housing was slightly lower at 9.9 euros per square meter. Among the major cities in Germany, Munich had the highest rents.

Rent Inflation in Germany remained unchanged at 2.10 percent in April. This dataset includes a chart with historical data for Germany Rent Inflation.

Germany DE: Rent Price Index: sa data was reported at 115.012 2015=100 in 2024. This records an increase from the previous number of 112.600 2015=100 for 2023. Germany DE: Rent Price Index: sa data is updated yearly, averaging 63.513 2015=100 from Dec 1960 (Median) to 2024, with 65 observations. The data reached an all-time high of 115.012 2015=100 in 2024 and a record low of 13.547 2015=100 in 1960. Germany DE: Rent Price Index: sa data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Germany – Table DE.OECD.AHPI: House Price Index: Seasonally Adjusted: OECD Member: Annual.

In 2023, Frankfurt and Munich were the German cities with the highest prime rents for office real estate, but Berlin had the highest average rent. In Munich, the prime office rent amounted to 48 euros per square meter, while the average rent was twice lower, at 23.85 euros per square meter. Prime rents refer to the top price segment in the market, usually buildings in the most desired locations and of the highest specifications.

In 2024, the rental index in Germany reached 107.5 index points. The index was set to 100 in 2020, which means that compared to then, rent in Germany increased by 7.5 percent. Munich saw the highest average rent price among the larger German cities.

In 2022, Altstadt-Lehel was the most expensive district for rent in Munich, Germany, with an average monthly rent of about 23 euros per square meter of living space (excluding extra costs). In comparison, some of the more affordable districts, such as Feldmoching-Hasenbergl and Aubing-Lochhausen-Langwied, had average rents of under 17 euros per square meter.

Germany Commercial Property Market Index: 127 Cities: Average City Centre Office Rent data was reported at 114.360 1990=100 in 2019. This records an increase from the previous number of 107.870 1990=100 for 2018. Germany Commercial Property Market Index: 127 Cities: Average City Centre Office Rent data is updated yearly, averaging 89.865 1990=100 from Dec 1990 (Median) to 2019, with 30 observations. The data reached an all-time high of 114.360 1990=100 in 2019 and a record low of 79.810 1990=100 in 2005. Germany Commercial Property Market Index: 127 Cities: Average City Centre Office Rent data remains active status in CEIC and is reported by Bulwiengesa AG. The data is categorized under Global Database’s Germany – Table DE.EB004: Property Market Index.

In 2022, Berlin Mitte was the most expensive district in Berlin, Germany, for new rental contracts. Median rents show the middle value of rent expenditure, meaning that 50 percent of newly rented apartments in Berlin Mitte in 2022 had rental costs exceeding 15.19 euros per square meter, and 50 percent of apartments had rents below this value. Meanwhile, Friedrichshain-Kreuzberg witnessed the highest rental price increase since 2018.

Germany Commercial Property Market Index: WG: 49 Cities: Average Retail Rent: Suburban data was reported at 166.760 1975=100 in 2019. This records an increase from the previous number of 166.010 1975=100 for 2018. Germany Commercial Property Market Index: WG: 49 Cities: Average Retail Rent: Suburban data is updated yearly, averaging 143.580 1975=100 from Dec 1975 (Median) to 2019, with 45 observations. The data reached an all-time high of 192.090 1975=100 in 1993 and a record low of 100.000 1975=100 in 1975. Germany Commercial Property Market Index: WG: 49 Cities: Average Retail Rent: Suburban data remains active status in CEIC and is reported by Bulwiengesa AG. The data is categorized under Global Database’s Germany – Table DE.EB004: Property Market Index.

Germany DE: Price to Rent Ratio: sa data was reported at 127.280 2015=100 in 2024. This records a decrease from the previous number of 132.141 2015=100 for 2023. Germany DE: Price to Rent Ratio: sa data is updated yearly, averaging 124.182 2015=100 from Dec 1970 (Median) to 2024, with 55 observations. The data reached an all-time high of 159.163 2015=100 in 1981 and a record low of 89.430 2015=100 in 2010. Germany DE: Price to Rent Ratio: sa data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Germany – Table DE.OECD.AHPI: House Price Index: Seasonally Adjusted: OECD Member: Annual. Nominal house prices divided by rent price indices

This statistic shows the average rent for apartments in Frankfurt districts in Germany as of September 2017, by apartment size. Westend - Sud apartments were the most expensive to rent in general with apartments over 120 square meters costing on average 2126 euros per month. The only exception was apartments that were under 40 square meters with Bockenheim costing on average 624 euros per month as of September 2017.

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Germany Commercial Property Market Index: WG: 49 Cities: Average Retail Rent: City data was reported at 288.700 1975=100 in 2019. This records a decrease from the previous number of 293.880 1975=100 for 2018. Germany Commercial Property Market Index: WG: 49 Cities: Average Retail Rent: City data is updated yearly, averaging 226.630 1975=100 from Dec 1975 (Median) to 2019, with 45 observations. The data reached an all-time high of 294.350 1975=100 in 2017 and a record low of 100.000 1975=100 in 1975. Germany Commercial Property Market Index: WG: 49 Cities: Average Retail Rent: City data remains active status in CEIC and is reported by Bulwiengesa AG. The data is categorized under Global Database’s Germany – Table DE.EB004: Property Market Index.

The overall average cost of logistic space per square meter per month increased slightly across Germany between 2014 and 2023. Munich had the highest overall rent, amounting to 8.4 euros per square meter.

In the last five years, the industry has stagnated. On average, industry turnover has risen by 0.5% per year since 2020. One reason for the weak figures is the divided development in Germany. While the conurbations are predominantly prospering and experiencing a strong influx, which has recently led to a significant increase in rents for both office and residential properties, the economic development of retail space is stagnating or even declining in many areas. In the current year, the weakness of the bricks-and-mortar retail sector and the problems in the construction industry are causing problems for property landlords. Nevertheless, according to forecasts by IBISWorld, industry turnover will increase by 1% to 99.3 billion euros by 2025.The further increase in domestic migration, coupled with a renewed rise in net household income, will have a significant impact on sales development in the current year. This will enable industry players to increase rents for flats again. Commercial rental income has also continued to recover from the coronavirus crisis, particularly in the retail and hotel sectors, but remains just below pre-crisis levels. The recovery in office property is being slowed in particular by the establishment of the home office, even though the reductions in space discussed in public have hardly been implemented to date. For the period from 2025 to 2030, IBISWorld forecasts average annual growth of 1% and industry turnover of €104.1 billion in 2030. Due to the trend towards rising rents in major cities, tighter regulations, such as a tightening of the rent cap, are to be expected. As a result of this, but also due to the expected trend towards working from home, which will change the office space market, momentum is likely to remain rather weak over the next five years, primarily in the major cities.

In 2022, Berlin Mitte was the most expensive district for apartment rentals, with an average asking basic rent of 14.5 euros per square meter (excluding extra costs). The average for the city in this period was 11.54 euros per square meter.

The rental of construction machinery and equipment has developed positively overall over the past five years. Overall, the industry has grown at an average rate of 2.9% per year over the last five years. In the current year, the industry's total turnover is also likely to increase moderately despite the economic slowdown in the construction industry that has persisted since 2022. IBISWorld expects it to amount to 5.8 billion euros, which corresponds to an increase of 2.6% compared to the previous year.Many customers of construction machinery rental companies, such as construction firms, are increasingly focussing on flexibility and cost efficiency when procuring machinery. They rent machines more often because they shy away from the capital commitment associated with purchasing construction machinery. New, partly digital rental and sales models have also made the rental of construction machinery more attractive in general. Accordingly, the majority of industry players have had well-utilised machine fleets in recent years.In the coming years, IBISWorld also expects slight growth in the sector. At the same time, changes in the industry structure are becoming apparent. On the one hand, these developments are being driven by the increasing spread of digital business models, while on the other, international players are increasingly forcing their way into the industry, which is traditionally characterised by SMEs, and intensifying competition for many smaller companies in the sector. Increased customer requirements in terms of machine availability and service quality are coming up against an industry that has been quite fragmented to date, which is likely to encourage consolidation trends in the medium to long term. IBISWorld expects an average annual growth rate of 1.3% in the period from 2024 to 2029. Industry turnover is expected to amount to 6.2 billion euros in 2029.

Commercial Property Market Index: 127 Cities: Average Retail Rent: City data was reported at 139.270 1990=100 in 2019. This records a decrease from the previous number of 141.280 1990=100 for 2018. Commercial Property Market Index: 127 Cities: Average Retail Rent: City data is updated yearly, averaging 119.955 1990=100 from Dec 1990 (Median) to 2019, with 30 observations. The data reached an all-time high of 141.640 1990=100 in 2017 and a record low of 100.000 1990=100 in 1990. Commercial Property Market Index: 127 Cities: Average Retail Rent: City data remains active status in CEIC and is reported by Bulwiengesa AG. The data is categorized under Global Database’s Germany – Table DE.EB004: Property Market Index.

Since 2019, the rent of retail real estate has decreased across most German markets. In Munich, which was the most expensive city in Germany for renting prime retail real estate, the prime rent fell from 345 to 300 euros per square meter between 2019 and 2023. Meanwhile, Dusseldorf and Frankfurt completed the top three with monthly rents of 262 euros per square meter and 260 euros per square meter in 2023, respectively.