Those who don't have to watch every penny when it comes to housing should take a look at Germany's most expensive neighborhoods. Purchase prices of over 14,000 euros per square meter offer luxury, comfort, and a beautiful living environment.
If you want to live in one of Germany's most exclusive neighborhoods, you'll have to dig much deeper into your pockets than in the rest of the city. Residential properties in Munich-Lehel and Munich-Bogenhausen, for example, cost over 15,000 euros per square meter.
Munich is the German city with the highest real estate prices. At €15,891 per square meter, the asking price in Hotterstraße in the Lehel district is almost twice as high as the already high average price in Munich of €8,249. Incidentally, the fashionable villa district of Grünwald is not officially part of the city, but is an independent municipality in the district of Munich.
In Hamburg, there are upscale neighborhoods where existing properties on the Alster fetch five-figure prices per square meter. At 13,400 euros per square meter, the price level there is more than twice as high as the average price in Hamburg, which is 5,937 euros per square meter.
With an average price per square meter of €4,174, Düsseldorf is in the middle of the price range. The most expensive streets are in district 1 in the city center. In Berlin, on the other hand, the most expensive residential area is on the outskirts of the city. The highest prices per square meter in the capital are found in Grunewald.
Sought-after residential areas are often located near parks and waterways. Residential properties are always most expensive where urban infrastructure meets green spaces. In Frankfurt am Main, the area between Palmengarten and Grüneburgpark is the most expensive, while in Cologne it is Limburger Straße near the Stadtgarten. In Stuttgart, the highest real estate prices are in Killesberg. In Dortmund, buying a home near Phoenix Lake is the most expensive.
This is according to an analysis by Immowelt, which identified the streets with the highest average prices for existing properties in the 15 largest German cities.
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