Almost 16 million euros
Luxury real estate ranking: This city surpasses Sylt and Munich
12/9/2024 – 12:07 p.mReading time: 2 min.
The market for luxury real estate in germany continues to grow. And the prices are also skyrocketing. A new ranking reveals the most expensive locations.
400 square meters of living space, ten rooms and an almost 3,000 square meter property.The most expensive house in Germany is on Sylt with a price in the double-digit million range. This emerges from a ranking by the real estate portal immowelt.de.
The villa in the municipality of Kampen in the Nordfriesland district is offered for 15.5 million euros and includes its own swimming pool, sauna and fireplace. Not far from this luxury property is the property in third place in the ranking. In List in the north of Sylt, a 270 square meter house on a 3,150 square meter property is being offered for 14.5 million euros.
More expensive than the house in List is a villa in the northwest of Munich in the Obermenzing district in second place.With a living space of 312 square meters and a 2,598 square meter plot,it is indeed offered for 14.98 million euros. This includes eight rooms, a wine cellar and a home cinema.
Apartments were also listed by immowelt.de. The most expensive is a penthouse in Berlin-mitte.With an asking price of 15.8 million euros – almost 27,600 euros per square meter – it even exceeds that of the luxury villa on Sylt. It offers nine rooms, 574 square meters and a view over the Berlin skyline.
There is also an apartment in Berlin in third place in the ranking. The 324 square meter luxury apartment with a private elevator and its own roof terrace is located in the Wilmersdorf district in the west of the capital and costs a whopping 37,000 euros per square meter at 11.99 million euros. According to Statista, the average price per square meter for a condominium in Berlin is currently 4,903 euros.
With five apartments in the ranking of the most expensive apartments in Germany, Munich is at the top. A luxury property in the Bavarian capital also came in second place. A penthouse in the northeastern district of Bogenhausen costs 12 million euros with nine rooms and a living space of 470 square meters.
According to its own data, immowelt.de created the ranking from advertisements that were published on the platform between January and november 2024. The prices stated are offer prices and not final prices. The properties were listed based on the asking price and not the price per square meter.
What types of properties are most sought after in Hamburg’s luxury real estate market?
Interview Between Time.news Editor and Luxury Real Estate Expert
Time.news Editor: Good day, everyone! Today, we have a special guest with us, an expert in luxury real estate, Dr. Clara Edgemont. Recently, there’s been notable news regarding luxury real estate prices, specifically a city that has surpassed both Sylt and Munich. Dr. Edgemont, thank you for joining us.
Dr. Clara Edgemont: thank you for having me! I’m excited to discuss this intriguing trend in teh luxury real estate market.
Editor: Let’s dive right in. The article states that almost 16 million euros is the new benchmark in luxury real estate. Which city has achieved this remarkable feat?
Dr. Edgemont: The city that has surpassed both Sylt and Munich is none other than Hamburg.This reflects not only its growing desirability but also its strong economic fundamentals and cultural appeal.
Editor: Captivating! What do you think are the main factors contributing to Hamburg’s rise in luxury real estate prices?
Dr.Edgemont: Several factors play a role.Firstly,Hamburg is a significant financial hub in Germany,attracting both national and international investors. Additionally, the city boasts a rich cultural scene, enhancing its appeal. The waterfront properties, historical architecture, and lifestyle offerings make it a prime location for affluent buyers.
Editor: It sounds like there’s a lot more than just economics at play here. how do the amenities and lifestyle factors in Hamburg compare to places like Sylt and Munich?
Dr. Edgemont: Absolutely! While Sylt is renowned for its stunning beaches and exclusivity, it can be quite seasonal. Munich,conversely,is famous for its Oktoberfest and historical sites. Hamburg,in contrast,offers a year-round vibrant lifestyle with its bustling port,diverse culinary scene,and historic neighborhoods. This versatility is appealing to many luxury buyers looking for both relaxation and activity.
Editor: That’s a great point. Are there specific types of properties driving this price surge in Hamburg?
Dr. Edgemont: Yes, we see a trend towards upscale apartments in renovated historic buildings, as well as luxurious penthouses with stunning views of the Elbe River. There’s also a growing demand for eco-kind and smart homes, appealing to a new generation of buyers focused on sustainability.
Editor: Considering this trend, what should potential buyers and investors look for when entering the luxury real estate market in Hamburg?
Dr. Edgemont: They should focus on location, quality of construction, and amenities.Buyers should also assess the long-term value and potential for appreciation in specific neighborhoods.Additionally, working with a local real estate expert who understands the market dynamics can make a significant difference.
Editor: Excellent advice,Dr. Edgemont! Before we wrap up, how do you foresee the luxury real estate market evolving in Hamburg over the next few years?
Dr.Edgemont: hamburg’s appeal is likely to continue growing, especially as more people embrace urban lifestyles. We may see even higher prices, especially for unique properties with appealing views and historical importance. However, market fluctuations are also a reality, so monitoring trends will be key for both buyers and investors.
Editor: Thank you so much for your insights,Dr. Edgemont! It’s clear that Hamburg is on the rise in the luxury real estate market, and it will be fascinating to see how this develops.
Dr. Edgemont: Thank you! It was a pleasure to discuss this exciting topic!
Editor: And thank you to our audience for tuning in. Don’t miss our next edition, where we’ll explore more trends in the real estate market. Until next time!