Buy an apartment in Hamburg commission-free

Buying an apartment: Hamburg as a popular city

Hamburg offers a great deal of quality for every lifestyle - for families, couples or singles. Accordingly, apartments for sale are in high demand.

With a wide range of job opportunities and a huge cultural offering, the city is one of the most attractive major cities in Europe. Sights such as the Michel and the cathedral, the dimly glamorous Reeperbahn with its red light district and numerous music clubs, luxurious shopping malls on the Alster, the special atmosphere of the port of Hamburg, many gardens and excursion destinations as well as an almost unlimited range of nightlife options are all inviting. The maritime but metropolitan flair is underpinned by its location close to the North Sea and Baltic Sea. Not far to the south is the opposite: the scenically unique Lüneburg Heath and, to the west along the banks of the Elbe, the Alte Land with its fruit tree plantations. No wonder so many people want to buy a condominium in Hamburg.

Buying apartments in Hamburg - these residential areas are in demand

Hamburg's housing market is one of the most stable and diverse in Germany. From affordable working-class areas to stylish villa districts on the banks of the Elbe, it has it all. There is a suitable apartment to buy for practically every wish. Provided, of course, that financing is secured. After all, Hamburg is expensive overall, despite the favorable offers.

Othmarschen, Blankenese and Volksdorf are ideal for lovers of nature and tranquillity. Thanks to its infrastructure, lively Eimsbüttel with its many old buildings is the preferred district for families who want to live centrally. There are a particularly large number of offers here that do not incur estate agent fees. Lovers of the "scene" are in good hands in Sternschanze. Due to its particularly inexpensive apartments and its "lively" atmosphere, St. Pauli is particularly popular with trendy people and students.

Demand exceeds supply of apartments for sale

Condominiums with upmarket furnishings around Hamburg's Outer Alster lake, along the Alster river and along the Elbe are particularly stable in value and in high demand in Hamburg. The supply of apartments for sale in waterfront locations is extremely scarce.

In prime locations such as Harvestehude, apartments with a direct waterfront location cost more than average and therefore belong to the luxury segment. In the Elbe suburbs, prices for condominiums on offer are also at the upper end. The opposite is the case in the outskirts of Hamburg. If you want to buy an apartment there, you will find comparatively acceptable prices.

Alstertal and Walddörfer in the north and Marienthal in the south are characterized by a large green belt with many local recreation areas and good transport links to the city centre. The demand for apartments for sale is therefore very high here, especially as the prices per square meter are "only" in the upper - upper middle range. Commission-free offers are preferred, as these mean lower incidental purchase costs and there can also be more leeway in terms of price.

Buying apartments in Hamburg - prices are high almost everywhere

On average, purchase prices for apartments in Hamburg are well over 6,000 euros/m² and thus noticeably higher than the national average. According to our data, apartments offered free of commission will cost around 6,400 euros/m² in 2024. Particularly small apartments (up to 40 m²) and particularly large apartments (90 m² or more) are even higher than this average. The same applies to popular districts such as Blankenese, Othmarschen or Nienstedten, Steilshoop, Wellingsbüttel and the areas around the Alster. Billstedt, Brahmfeld, Jenfeld, parts of Barmbek and Wandsbek as well as the areas south of the Elbe are comparatively inexpensive.

Take advantage of broker-free offers when buying an apartment

Commission-free apartments for sale are more attractive. This also applies to Hamburg. As estate agents receive a percentage commission of up to 7.14 percent, the ancillary purchase costs for the condominiums they broker are high. Sellers try to compensate for their share by not being willing to negotiate on the price.

At ohne-makler you will only find commission-free offers that you can buy. This is a great advantage. When buying an apartment in Hamburg, you reduce the incidental purchase costs and can use the money to furnish, modernize or renovate your new condominium.

Incidentally, it pays to buy an apartment in Hamburg. Prices have been rising steadily for years. The exceptions were the years 2022 and 2023, when sharply rising interest rates to combat inflation depressed prices somewhat.

Information on buying apartments privately in Hamburg

Are you looking for a condominium in Hamburg? We offer you helpful information. This includes these offers, among others:

• Real estate prices for Hamburg from ohne-makler
• Alternative: Buying a house in Hamburg
• Guide to buying real estate
• Guide on the subject of WEG