Average sales price of apartments in Germany 2012-2023, by city
Apartment prices in Germany declined in all major cities in 2023. The average sales price varied between approximately 4,000 euros and 8,000 euros per square meter in the fourth quarter of the year. Apartments were most expensive in Munich, where a square meter in a residential multifamily building cost 7,821 in the fourth quarter of the year. Conversely, Düsseldorf had the most affordable prices, at 4,175 euros per square meter. Prices for detached houses were even higher.
