Sideways movement on Hamburg's premium real estate market: The supply of high-quality residential and single-family homes in the third quarter of 2025 is growing clearly and prices remain stable. This is the result of the latest analysis by premium real estate agent DAHLER, which analysed the development of the market using data from ImmoScout24. For the evaluation, the most expensive 10% of the advertised offers were considered. The threshold for the top 10% in the Hamburg housing market was around €8,681/m², and on the housing market at around €9,749/m². Thus, Hamburg has the second-highest threshold value of all top 7 cities behind Munich in both segments examined.
Hamburg's premium apartments: Increasing supply and stable prices
In the premium segment of Hamburg's housing market, a development took place that testifies in particular to a new realism on the part of the providers, who now advertised their properties much more frequently. This is reflected in a significant increase in supply – from Q2-2025 to Q3-2025, the number of offers increased by 13%.
The price increased slightly: the median in Hamburg's premium segment was €9,885/m² (+1.7% compared to Q2-2025). A sub-market with particularly intense momentum was Alster East1 – here the number of offers increased by 13%, while the median price reached €12,324/m².
More choice in sought-after locations: supply-side impulse in Hamburg's premium house market
In the Hamburg premium house market, there was a dynamic development of supply and price situation in the third quarter of 2025. The number of offers advertised increased by 11.5% in the third quarter of 2025 compared with the previous quarter. At the same time, the price situation also remains stable: the median asking prices in the segment was €10,503/m², 2.2% higher than in Q2-2025.
"Hamburg's premium real estate market is currently showing a classic sideways movement – supply is clearly increasing, while we are noticing a clear reluctance on the part of interested parties. We see that many sellers are reacting with more realism to the current market situation and adjusting their prices accordingly, which leads to an overall stable price development," says Björn Dahler, founder and managing director of DAHLER, adding: "The current market situation is not a sign of weakness, but an expression of a healthy adjustment. The buyer side examines more closely, the seller side adjusts its expectations – this is a maturation process that we observe in all premium locations. Especially east of the Alster, we continue to see high activity at a high price level. Hamburg remains one of the most sought-after locations for high-value residential real estate in Germany."
The premium housing market Q3-2025 to Q2-2025 at a glance:
- The number of premium apartments in Hamburg advertised on ImmoScout24 increased by 13% in the third quarter of 2025 compared to the previous quarter.
- The median asking prices in the premium segment amounted to around €885/m², an increase of around 1.7% compared to the previous quarter.
The premium house market Q3-2025 to Q2-2025 at a glance:
- In the third quarter of 2025, the number of listings advertised increased by 11.5% compared with the previous quarter.
- The median asking price for houses in Hamburg's premium segment in the third quarter of 2025 was €10,503/m², an increase of 2.2% compared to the previous quarter.
1 *districts Alsterdorf, Barmbek-Süd, Eilbek, Hohenfelde, St. Georg, Winterhude, Uhlenhorst
