Property prices in Hamburg, September 2026

In our estimate, a standard apartment in Hamburg costs 6.390 € per m² and a house 4.810 € per m² (September 2026). Prices vary a lot by district, from about 3.940 € per m² in Allermöhe to 8.080 € per m² in Neustadt.

Keep in mind that asking prices on listing portals are usually several percent higher than what buyers end up paying. Look up a postal code above to see the estimate for your street.

In our estimate, apartment prices in Hamburg are +2,2% above a year ago. New builds are rising faster than older homes, because construction costs stay high and few new projects get started.

Past price trends don’t predict future ones. Read our overview of property prices in Germany and tips to negotiate the purchase price.

In our estimate, Neustadt is the most expensive district for apartments at about 8.080 € per m², and Allermöhe is the most affordable at about 3.940 € per m².

Our ranking, 60 m² apartments, September 2026:

1. Harvestehude: 7.930 € per m²
2. Neustadt: 7.850 € per m²
3. Altstadt: 7.810 € per m²
4. Kleiner Grasbrook: 7.810 € per m²
5. Steinwerder: 7.810 € per m²
6. Ottensen: 7.660 € per m²
7. Eppendorf: 7.640 € per m²
8. Rotherbaum: 7.630 € per m²
9. Hoheluft-Ost: 7.630 € per m²
10. Hoheluft-West: 7.610 € per m²
11. Winterhude: 7.540 € per m²
12. Eimsbüttel: 7.480 € per m²
13. Wellingsbüttel: 7.400 € per m²
14. Othmarschen: 7.350 € per m²
15. Altona-Altstadt: 7.340 € per m²
16. St. Georg: 7.330 € per m²
17. Altona-Nord: 7.280 € per m²
18. St. Pauli: 7.260 € per m²
19. Sternschanze: 7.230 € per m²
20. Alsterdorf: 6.990 € per m²
21. Ohlsdorf: 6.890 € per m²
22. Fuhlsbüttel: 6.860 € per m²
23. Barmbek-Nord: 6.810 € per m²
24. Groß Borstel: 6.730 € per m²
25. Hohenfelde: 6.710 € per m²
26. Uhlenhorst: 6.710 € per m²
27. Barmbek-Süd: 6.590 € per m²
28. Lokstedt: 6.480 € per m²
29. Nienstedten: 6.480 € per m²
30. Blankenese: 6.460 € per m²
31. Hammerbrook: 6.450 € per m²
32. Bahrenfeld: 6.430 € per m²
33. Groß Flottbek: 6.430 € per m²
34. Eilbek: 6.380 € per m²
35. HafenCity: 6.380 € per m²
36. Marienthal: 6.360 € per m²
37. Niendorf: 6.330 € per m²
38. Schnelsen: 6.250 € per m²
39. Wandsbek: 6.250 € per m²
40. Poppenbüttel: 6.200 € per m²
41. Stellingen: 6.190 € per m²
42. Bramfeld: 6.090 € per m²
43. Eidelstedt: 6.080 € per m²
44. Sülldorf: 5.980 € per m²
45. Borgfelde: 5.640 € per m²
46. Hamm: 5.640 € per m²
47. Dulsberg: 5.630 € per m²
48. Langenhorn: 5.550 € per m²
49. Iserbrook: 5.500 € per m²
50. Osdorf: 5.500 € per m²
51. Jenfeld: 5.490 € per m²
52. Tonndorf: 5.450 € per m²
53. Volksdorf: 5.440 € per m²
54. Sasel: 5.440 € per m²
55. Bergstedt: 5.380 € per m²
56. Rissen: 5.380 € per m²
57. Horn: 5.180 € per m²
58. Steilshoop: 5.180 € per m²
59. Hummelsbüttel: 4.990 € per m²
60. Curslack: 4.950 € per m²
61. Rothenburgsort: 4.940 € per m²
62. Veddel: 4.940 € per m²
63. Farmsen-Berne: 4.930 € per m²
64. Duvenstedt: 4.900 € per m²
65. Lemsahl-Mellingstedt: 4.900 € per m²
66. Wohldorf-Ohlstedt: 4.900 € per m²
67. Rahlstedt: 4.880 € per m²
68. Marmstorf: 4.860 € per m²
69. Billstedt: 4.850 € per m²
70. Lurup: 4.830 € per m²
71. Eißendorf: 4.700 € per m²
72. Langenbek: 4.650 € per m²
73. Sinstorf: 4.650 € per m²
74. Wilstorf: 4.650 € per m²
75. Lohbrügge: 4.590 € per m²
76. Bergedorf: 4.530 € per m²
77. Harburg: 4.500 € per m²
78. Gut Moor: 4.440 € per m²
79. Heimfeld: 4.440 € per m²
80. Moorburg: 4.440 € per m²
81. Neuland: 4.440 € per m²
82. Rönneburg: 4.440 € per m²
83. Billwerder: 4.400 € per m²
84. Altenwerder: 4.270 € per m²
85. Cranz: 4.270 € per m²
86. Finkenwerder: 4.270 € per m²
87. Francop: 4.270 € per m²
88. Neuallermöhe: 4.270 € per m²
89. Neuenfelde: 4.270 € per m²
90. Waltershof: 4.270 € per m²
91. Hausbruch: 4.190 € per m²
92. Neugraben-Fischbek: 4.190 € per m²
93. Wilhelmsburg: 3.950 € per m²
94. Allermöhe: 3.930 € per m²
95. Kirchwerder: 3.590 € per m²
96. Neuengamme: 3.590 € per m²
97. Ochsenwerder: 3.590 € per m²
98. Reitbrook: 3.590 € per m²
99. Spadenland: 3.590 € per m²
100. Tatenberg: 3.590 € per m²

Prices also vary a lot within districts, often by more than 1.000 € per m² between postal codes. Compare them in the table above.

About 379.000 € at our average of 6.390 € per m², before buying costs. With a broker, add 10,68% in buying costs (about 40.477 €), so you’d need around 419.477 € in total.

Typical prices by size, all years built:

• 40 m²: about 258.000 €
• 60 m²: about 379.000 €
• 100 m²: about 667.000 €

Small apartments cost more per m² than large ones, and location matters even more. Work out the full cost with the purchasing cost calculator.

With a broker, buying costs in Hamburg add up to 10,68% of the price:

• Property transfer tax (Hamburg): 5,5%
• Notary and land registry: about 2%
• Broker commission: up to 3,18% including VAT (the buyer pays at most half)

Without a broker, for example when you buy a new build from a developer or directly from the owner, it’s about 7,5%.

Examples:

• 300.000 € apartment: 32.040 € with a broker, 22.500 € without
• 400.000 € apartment: 42.720 € with a broker, 30.000 € without
• 500.000 € apartment: 53.400 € with a broker, 37.500 € without

Banks expect you to cover these costs from your own savings. Calculate yours with the purchasing cost calculator.

At least the buying costs: about 7,5%–10,68% of the price. Bringing more equity lowers your interest rate, because banks price loans in loan-to-value steps:

• Buying costs only (100%): the bank finances the full price, at a higher rate
• Plus 10% (90%): a noticeably better rate
• Plus 20% (80%): better still

Use the equity calculator to find your number, and read mortgage without equity if your savings are tight.

It depends on how long you plan to stay and how prices compare with rents where you want to live. Because buying costs have to be earned back first, buying rarely pays off in under 3–5 years.

Run your own numbers with the rent or buy calculator, and read Rent or buy in 2026.

Every month we value a standard set of reference apartments (40, 60 and 100 m²) and houses (120, 180 and 240 m²) in every Hamburg postal code, for different construction years, and take the median.

Because we value the same homes every month, the estimate shows real price changes rather than which homes happened to be for sale. It’s an estimate, not a notarised sale price, so use it to compare districts and trends, and check recent sales and the specific home before you make an offer.

Past price trends don’t predict future ones.

We’re with you from the first viewing to the keys:

• Mortgage: we compare 750+ lenders, free for you and paid by lenders
• Budget: we work out what you can afford and how much equity you need
• Paperwork: we prepare your application and stay with you until the notary

Book a free call with one of our advisors.