The most expensive real estate prices: Munich and Vienna set the trends!

The most expensive real estate prices: Munich and Vienna set the trends!

Wien, Österreich - Munich is currently listing the list of the most expensive real estate cities in Europe. With average square meter prices of almost 10,000 euros for apartments, the Bavarian metropolis is the most expensive city for real estate purchases. According to Vol.at Costs in Munich approx. 8,000 euros per square meter, while free-standing single-family houses even reach around 11,950 euros. In addition, the prices for row houses were estimated at approx. 8,600 euros and for apartment buildings at 6,350 euros (as of May 2025) Glaser-Immobilienberatung.de .

In direct persecution, Vienna follows, which takes a high place in the price hierarchy with 6,762 euros per square meter for apartments and 6,778 euros for houses. Berlin and Hamburg also record high prices; There, apartments cost an average of 6,278 euros and 6,124 euros. Houses in Berlin are 5,354 euros, while in Hamburg the prices for houses are 6,038 euros. Madrid concludes the list of the five most expensive cities with a square meter price of 5,221 euros for apartments from Vol.at .

price development and market conditions

Real estate prices in major European cities have increased by several factors. A limited range of living space, especially in central locations, paired with high demand, drives the prices up. These trends can be felt in both Austria and Germany. The persistently low building interest rates also promote investment in real estate, which further increases the pressure on the already overloaded market Vol.at . The price development in Munich has experienced a decline of around 11 % since the beginning of 2023, but in the 15-year comparison, prices have an increase of 135 % to Glaser-Mimmobilienberatung.de .

Unfortunately, high real estate prices have specific social effects. Young families, single parents and people with medium or low incomes that are increasingly difficult to find access to home ownership are particularly affected. The pressure on the rental market increases, which further heats up the demand for rental apartments Vol.at

The real estate market in Europe is expected to achieve a total value of around 164.84 billion euros in 2025, with residential properties making the largest share of EUR 136.32 billion. The market will have an annual growth rate of 2.86 %, with a forecast volume of 184.38 billion euros in 2029 .

Demand is strongly influenced by the regional economy, population growth and interest rate policy. In addition, the increase in home office workstations through the COVID-19 pandemic leads to higher demands with regard to workplace design in your own four walls. Sustainability becomes increasingly important for buyers and investors, which also shapes the market stista.com .