DAHLER’s analysis of ImmoScout24 data also shows that the supply of premium properties is growing, and the demand for condominiums is increasing
Cologne’s premium real estate market is divided in the third quarter of 2025: while prices for condominiums rose slightly compared to the second quarter (+2.5%), they fell on the housing market (-2.6%). This is one of the results of the latest analysis by premium real estate agent DAHLER, which took a close look at the development of the market using data from Germany’s largest real estate platform ImmoScout24. For the evaluation, the most expensive 10% of the offers advertised on ImmoScout24 in the third quarter of 2025 were considered – they are referred to here as the premium segment. The thresholds for the top 10% on the Cologne housing market were €7,241/m² for condominiums and €7,774/m² for the housing market.
Cologne’s premium housing market defies the trend – increasing demand with growing supply
In the Cologne premium housing market, the number of condominiums on offer increased by 9.8% in the third quarter of 2025 compared with the previous quarter. At the same time, the demand indicator used, the number of prospective enquiries per offer registered by ImmoScout24, grew by 10.4%. The median price of these offers was €7,915/m², an increase of 2.5% compared to the level of the second quarter of 2025.
A closer look reveals that the supply activity took place mainly in two sub-markets: Most offers were registered in the inner city district – here the number of offers grew by 9.3% (from Q2-2025 to Q3-2025). In the Lindenthal district, the number of offers increased even more strongly (+22.2%), where there was also a strong increase in enquiries from interested parties (by 79.3%, Q2-2025 to Q3-2025).
“Cologne shows that a lively market can also develop in the premium segment. The dynamism in Lindenthal in particular makes it clear that high-quality locations with a strong quality of living remain in demand. Buyers are increasingly looking at locations outside the city centre that are nevertheless well connected,” comments Tina Fröhlich, Managing Director at DAHLER Cologne.
Housing market: price level remains high
The number of premium houses on offer rose by 21.2% compared to the previous quarter. A slight correction was observed in prices – the median price in the premium segment was €9,149/m², 2.6% below the level of the second quarter of 2025.
In the Rodenkirchen district, the number of offers grew by 38.5% (from Q2-2025 to Q3-2025). The median price was €9,678/m². In Lindenthal, the number of offers increased by 13.3% from the second quarter of 2025 to the third.
“The increase in house offers indicates that the market in this segment is increasingly developing in favor of buyers. In districts such as Rodenkirchen or Lindenthal, we are observing that many owners are becoming more active again after years of a certain reluctance in order to take advantage of the optimal time to sell. Prospective buyers, on the other hand, negotiate in a more targeted manner and react sensitively to price differences between the locations,” says Tina Fröhlich.
The premium housing market Q3-2025 compared to Q2-2025 at a glance:
- In the condominium segment, the number of vacancies rose by 9.8% from the second to the third quarter.
- The median price of condominiums was €915/m² (+2.5% compared to Q2-2025).
- Overall, the number of average enquiries per offer increased by 10.4% (Q2-2025 to Q3-2025).
The premium house market Q3-2025 compared to Q2-2025 at a glance:
- In the third quarter of 2025, the number of offers increased by 21.2% (from Q2-2025 to Q3-2025).
- In Cologne, the median price in the premium segment of the housing market was €149/m², a decrease of 2.6% compared to the previous quarter.
