Average rent of newly built and existing housing in Germany 2004-2023, per quarter
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.
