DAHLER

Company posts

Hamburg's premium apartments: Price per square metre falls to six-year low

In the first half of 2026, the average price per square metre for Hamburg's premium apartments fell to 12,355 euros (-2.9% compared to H1 2025). 196 properties were sold (-2.5%); the share of new construction was 34.1% (-10.8 pp). The basis is a DAHLER analysis based on appraisal committee data.

"The landlords will keep their feet still if possible, modernize little and hope that the five years will pass."

Philip C. Hetzer, Managing Partner of DAHLER Invest, with a statement on the election result in Berlin.

Real Estate Statements

"Instead of spending billions on the socialization of existing old housing stocks and thus placing an additional burden on the already strained Berlin budget, politicians should concentrate their efforts on making new housing possible - for tenants and future apartment owners."

Statement by Philip C. Hetzer, Managing Partner, DAHLER Invest, on the upcoming election in Berlin

Statements

DAHLER Invest expands investment business in Hanover

DAHLER Invest is expanding its investment business in Hanover. The locations are managed by the long-standing licensees Insa Sophia Cornelius and Jörn Fischer; Focus on multi-family as well as residential and commercial buildings. The market is considered to be stable in price, and a sideways movement is currently being observed.

Dynamics

Two markets, two directions: Premium houses in Frankfurt are becoming more expensive, the overall market is declining

DAHLER reports a 7.4% increase in asking prices for premium houses in Frankfurt for Q2-2026 to €10,565/m², while the overall market fell by 4.0% to €5,066/m². Pascal Bender has been in charge of the Frankfurt office since August 1, 2026.

Dynamics Markets Real Estate

DAHLER Invest continues to expand in southern Germany

DAHLER Invest is expanding its presence in southern Germany with a location in Ulm. The Ulm/Neu-Ulm region is considered to be growing strongly; Erhard Sepp's team wants to devote more time to investment properties. According to the company, low prices and rental growth offer attractive returns.

Dynamics

DAHLER Invest expands its location in Dresden

DAHLER Invest is expanding its presence in eastern Germany and expanding its Dresden location. Ralf Kugler will take over as head of the investment business. The location is intended to provide access to a dynamic technology and science market and be part of the expansion strategy.

Dynamics

Apartment prices fall, house prices rise: Berlin's premium real estate market is divided into two

DAHLER analyzes ImmoScout24 data for Berlin: In the premium segment, house prices rose by 11.8% in Q1-2026 – more than in all top 7 cities; supply is growing, demand is falling by 22%. For premium apartments, supply increased by 19.8%, demand by 9%, and the median price fell to €8,875/m² (-5.7%).

Markets Real Estate

Supply is growing, prices are falling: Frankfurt's premium real estate market is becoming more buyer-friendly

A generational change is reviving Frankfurt's premium house market: older people are looking for more flexible forms of living, families are taking advantage of the larger offer. DAHLER reports more choice, falling prices and rising demand; despite higher interest rates, the premium segment remains stable, buyers are checking more closely.

Markets Real Estate

Premium Real Estate in Hamburg: Supply Grows, Prices Remain Stable – More Choice Opens Up New Scope for Buyers, Demand Develops Differently Depending on the Segment

DAHLER analyzes Hamburg's premium real estate market Q1/2026: Supply is growing significantly, while prices remain stable. Demand for apartments increases by 18%, for houses it falls by 10%; Medians: €12,504/m² (apartments) and €10,913/m² (-1.7%) in the housing market.

Markets Real Estate

More supply, less demand, higher prices: In no other top 7 city are prices climbing as much as in Stuttgart

DAHLER analyzes ImmoScout24 data: In Stuttgart, prices for premium apartments rose by 10% in Q1 2026 – the strongest growth among the top 7. Demand fell by 3%, supply grew by 10%. Prices for premium houses fell by 8.2%, while supply shrank by 5.3%.

Markets Real Estate

DAHLER analysis: Prices for premium apartments in Düsseldorf are rising – but not in District 1

Düsseldorf's premium residential market grew by 3.2% from Q1-2025 to Q1-2026 to €9,062/m². In District 1, the median price fell to €8,856/m². DAHLER observes a convergence of price levels; Values above €10,000/m² are rarely reached.

Markets Real Estate