Is real estate investment worthwhile in Lübeck?
- Lübeck is a city with 217,198 inhabitants in the state of Schleswig-Holstein.
- The median purchase price is €4,159 per square metre – very high prices compared to the national average.
- Purchase prices have fallen by 0.2% over the last five years.
- Compared to the national average, a below-average gross rental yield can be achieved here: between 3.5% and 3.8% (average 3.7%).
- With a purchase-price factor of 26, it takes a very long time for the purchase price to be amortised from cold rent.
- The population, with an average age of 45.6 years, is of average age compared to other German municipalities.
- The population has grown by 2.7% since 2008 (about 0.2% per year).
- Unemployment at 7.4% is above the national average.
AI Location Report
Lübeck is positioned with an average price per square metre of 4.159 € and a price-to-yield factor of 27,1 in the German comparison. Rents (avg. 12,87 €/m²) reflect a focus on value stability.
📊 Local Metrics & Investor Check
Strategy Classification: Value Growth City
Medium yield, value appreciation potential takes priority.
Medium yield, value appreciation potential takes priority.
Price-to-Rent Ratio
27,1 ×
Years of cold rent until amortization
Avg. gross rental yield
3,69 %
Range: 3,49 % – 3,82 %
Value appreciation (5 y.)
-0,20 %
≈ -0,04 % p.a.
📈 Current Market Overview & Price Ranges
| Metric | Average | Market Range (Min – Max) |
|---|---|---|
| Purchase Price | 4.159 €/m² | 3.945 € to 4.693 € |
| Rent (cold rent) | 12,87 €/m² | 12,32 € to 13,64 € |
| Yield (affordable apt.) | 3,75 % | Typical for smaller / cheaper apartments |
| Yield (expensive apt.) | 3,49 % | Premium locations, focus on value growth |
📉 Historical Market Dynamics
| Period | Purchase Prices | Rents |
|---|---|---|
| Last Year | +1,22 % | -1,53 % |
| Last 2 Years | -10,66 % | -0,54 % |
| Last 5 Years | -0,20 % | +31,46 % |
| Last 10 Years | +111,65 % | +53,03 % |
📅 Prices Over the Years
| Year | Purchase Price avg €/m² | Rent avg €/m² | Yield % |
|---|---|---|---|
| 2011 | 1.666 | 6,85 | 4,94 |
| 2012 | 1.769 | 6,96 | 4,72 |
| 2013 | 1.947 | 7,22 | 4,45 |
| 2014 | 1.932 | 8,31 | 5,16 |
| 2015 | 2.209 | 8,38 | 4,55 |
| 2016 | 1.965 | 8,41 | 5,14 |
| 2017 | 2.718 | 8,56 | 3,78 |
| 2018 | 2.800 | 9,18 | 3,93 |
| 2019 | 2.916 | 9,17 | 3,77 |
| 2020 | 3.374 | 9,62 | 3,42 |
| 2021 | 4.167 | 9,79 | 2,82 |
| 2022 | 4.583 | 10,91 | 2,86 |
| 2023 | 4.427 | 11,32 | 3,07 |
| 2024 | 4.655 | 12,94 | 3,34 |
| 2025 | 4.108 | 13,07 | 3,82 |
| 2026 | 4.159 | 12,87 | 3,71 |
🧮 Sample Investment Calculation
Interactive calculation for an apartment in Lübeck. Adjust values:
Acquisition Costs
Total Purchase Price –
Brokerage Fees (7 %) –
Property Transfer Tax (3.5 %) –
Total Investment –
Income & Yield
Rental Income (duration) –
Profit –
Yield p.a. –
🗺️ Roadmap for Beginners in Lübeck
Step 1: Check financing capacity
Clarify budget and equity. Use the financing check in the sidebar.
Step 2: Set up local property searches
Search property portals for listings in Lübeck and the surrounding area.
Step 3: Viewing & property inspection
Review owners' association minutes. Note structural defects and reserve funds.
Step 4: Purchase price negotiation
Price-to-yield factor 27,1 – use as a solid negotiation basis.
Step 5: Notary appointment & land registry
Factor in purchase costs (brokerage, transfer tax, notary).