Is real estate investment worthwhile in Erfurt?
- Erfurt is a city with 213,699 inhabitants in the state of Thüringen.
- The median purchase price is €2,984 per square metre – average prices compared to the national average.
- Purchase prices have fallen by 4.1% over the last five years.
- Compared to the national average, an average gross rental yield can be achieved here: between 4.2% and 4.6% (average 4.4%).
- The purchase-price factor is about 22 years.
- The low average age (44.7 years) makes the region a safe place to invest.
- The population has grown by 5.2% since 2008 (about 0.5% per year).
- Unemployment at 5.5% is around the national average.
AI Location Report
Erfurt is positioned with an average price per square metre of 2.984 € and a price-to-yield factor of 22,9 in the German comparison. Rents (avg. 11,12 €/m²) reflect a good rental yield.
📊 Local Metrics & Investor Check
Strategy Classification: Cashflow City
Above-average rental yield, well suited for immediate cashflow.
Above-average rental yield, well suited for immediate cashflow.
Price-to-Rent Ratio
22,9 ×
Years of cold rent until amortization
Avg. gross rental yield
4,37 %
Range: 4,21 % – 4,61 %
Value appreciation (5 y.)
-4,08 %
≈ -0,82 % p.a.
📈 Current Market Overview & Price Ranges
| Metric | Average | Market Range (Min – Max) |
|---|---|---|
| Purchase Price | 2.984 €/m² | 2.782 € to 3.365 € |
| Rent (cold rent) | 11,12 €/m² | 9,75 € to 11,95 € |
| Yield (affordable apt.) | 4,21 % | Typical for smaller / cheaper apartments |
| Yield (expensive apt.) | 4,26 % | Premium locations, focus on value growth |
📉 Historical Market Dynamics
| Period | Purchase Prices | Rents |
|---|---|---|
| Last Year | -7,57 % | -9,67 % |
| Last 2 Years | -4,58 % | -3,56 % |
| Last 5 Years | -4,08 % | +18,17 % |
| Last 10 Years | +45,24 % | +49,87 % |
📅 Prices Over the Years
| Year | Purchase Price avg €/m² | Rent avg €/m² | Yield % |
|---|---|---|---|
| 2011 | 1.425 | 6,83 | 5,75 |
| 2012 | 1.638 | 6,71 | 4,92 |
| 2013 | 1.743 | 6,85 | 4,72 |
| 2014 | 1.882 | 7,73 | 4,93 |
| 2015 | 2.097 | 7,61 | 4,36 |
| 2016 | 2.055 | 7,42 | 4,33 |
| 2017 | 2.108 | 7,49 | 4,26 |
| 2018 | 2.475 | 8,19 | 3,97 |
| 2019 | 2.504 | 9,13 | 4,38 |
| 2020 | 2.757 | 9,14 | 3,98 |
| 2021 | 3.111 | 9,41 | 3,63 |
| 2022 | 3.701 | 9,93 | 3,22 |
| 2023 | 3.113 | 10,46 | 4,03 |
| 2024 | 3.128 | 11,53 | 4,42 |
| 2025 | 3.229 | 12,31 | 4,58 |
| 2026 | 2.984 | 11,12 | 4,47 |
🧮 Sample Investment Calculation
Interactive calculation for an apartment in Erfurt. 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 Erfurt
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 Erfurt 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 22,9 – use as a solid negotiation basis.
Step 5: Notary appointment & land registry
Factor in purchase costs (brokerage, transfer tax, notary).