(39) Land & Lots for sale in Germany (2024)

FAQs

How much does a plot of land cost in Germany? ›

German building land cost an average of 236 euros per square meter as of 2022. This was an increase compared to 199 euros per square meter two years ago. Prices increased annually during the specified timeline.

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.

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.

Real property tax (Grundsteuer)

Payable to your local tax office (Finanzamt), this annual municipal tax is mandatory for all property owners in Germany. The amount payable is calculated by multiplying the assessed value of the property with the local tax rate (somewhere between 0,26% and 1%).

The good news is that property tax rates in Germany are generally low, typically ranging from 0.26% to 1%. However, the specific rate for a particular property will vary depending on the location, the type of property, and the value of the property.

In both countries, housing is expensive due to higher regulation standards and current shortages due to an overly high demand. The housing price has been going up for the last three years in Germany. I think the price is just north of $3K US per square meter so a 1500 square foot house would be around $300K.

Obtaining a permanent settlement permit in Germany is a crucial step for those planning to reside in the country long-term. This permit is similar to the U.S. Green Card and grants indefinite residence.

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.

The Immowelt platform reports that in 2023, the average cost of a finished house is 2,971 euros per square meter. In Hamburg, housing will cost you 5,781 € per m², while in Munich, it's as high as 10,420 € per m².

Why is land so expensive in Germany? ›

In Germany, land prices have been steadily increasing over the past few years, driven by a growing population and strong economic growth. According to a recent report by the German Property Federation (ZIA), land prices in major cities like Berlin, Munich, and Frankfurt have seen double-digit increases in recent years.

Starting in 2025, 1.3‰ of the land value is taxed annually. The modification concerns tax reductions for different land uses such as (social) housing, forestry and cultural sites. Baden-Württemberg is the only state in Germany to replace its previous property tax by a LVT. The decision has been met with criticism.

For instance, the average rent in Germany is €957 per month. However, when you search homes for rent in Berlin and Munich, expect an average rent of €1,254, whereas, in Stuttgart and Düsseldorf, you'll find a lower average rent of €1,059 per month.

If you don't live and work in Germany, you might need a deposit of at least 40% of the property's value. Some banks will require you to earn a minimum amount per year to get a mortgage (for example, €20,000), and lenders will usually require that your mortgage repayments won't be more than 35% of your monthly income.

Prices for Houses in Germany

The Immowelt platform reports that in 2023, the average cost of a finished house is 2,971 euros per square meter. In Hamburg, housing will cost you 5,781 € per m², while in Munich, it's as high as 10,420 € per m².

A land charge is a right that is encumbered on a plot of land or a property and gives the creditor the right to collect a certain amount of money from the value of the land or property. It is an important part of German real estate law and plays a decisive role in the purchase and sale of real estate.

According to the index, the most expensive area in Germany is the municipality of Karlsfeld, situated just 12 kilometres from the centre of Munich. Three other Munich suburbs - Germering, Dachau and Erding - also feature in the top 10 most expensive areas, reflecting the current pressure on Munich's housing market.