Buying Holiday Homes in Germany: What are the Prices?

Prices for Holiday Properties in Germany

The idea of feeling at home while on holiday becomes a reality with one's own property. In Germany, real estate located directly by the sea, lakeside, or with mountain views is highly coveted. For many, purchasing such a property fulfills a lifelong dream. Furthermore, these resilient assets in popular vacation regions are increasingly sought after as stable capital investments.

The annual Engel & Völkers Holiday Property Market Report analyzes the market for second homes and vacation properties across Germany's premier regions. A total of 42 locations within eleven regions - ranging from the North and Baltic Seas to the Alps, the Black Forest, and the country’s largest lakes - are examined in detail. In addition to price developments across all locations, the report highlights the rental market, regional characteristics, and current trends.

Based on the long-standing expertise of our local partners, this report provides a reliable orientation for your investment decisions. Our experts on-site are available to assist you with any further questions. We hope you enjoy the read.

Holiday Properties on the North Sea

Demand for holiday properties in Germany remains high. In the north, the North Sea and Baltic Sea regions attract buyers with their coastal locations, established infrastructure, and popular islands. Whether for apartments or detached houses, these regions continue to see significant interest. The islands of Sylt, Juist, and Norderney, in particular, show high price levels.

Price Examples for good to very good locations:

• Holiday flat on Sylt/North Sea: EUR 8,000 - 22,000 per sqm

• Holiday home on Sylt: EUR 5,000,000 - EUR 18,000,000

• Holiday flat on Norderney/North Sea: EUR 14,000 - 25,000 per sqm

• Holiday home on Norderney: EUR 1,400,000 - EUR 5,500,000

Holiday Homes on Sylt

In the holiday home segment, Sylt continues to record high property prices in 2026. For exceptional properties, top prices can reach up to 29 million euros, remaining stable compared to the previous year. In the apartment segment, prices have stabilized in top locations such as Norderney, Sylt, and Lake Constance. Norderney reached a top price of EUR 28,500 per sqm. This is attributed to the low supply on the East Frisian island, which is limited by strict building regulations.

Despite current interest rate developments, most holiday property locations record stable prices. "Hardly any real estate segment shows such price stability and resilience despite inflation and interest rate adjustments. The high demand makes the holiday property market in Germany a safe haven," explains Till-Fabian Zalewski, CEO of Engel & Völkers for Germany, Austria, and Switzerland.

Holiday Properties on the Baltic Sea

Properties on the Baltic Sea are similarly popular, though price levels are often lower than on the North Sea. Here are a few examples for prices in good to very good locations:

• Holiday flat at Timmendorf Beach/Baltic Sea: EUR 7,500 - 16,000 per sqm

• Holiday home at Timmendorf Beach: EUR 1,500,000 - EUR 4,000,000

• Holiday flat on Usedom/Baltic Sea: EUR 4,000 - 9,000 per sqm

• Holiday home on Usedom: EUR 400,000 - EUR 3,000,000 EUR
  

The price trend in these locations remains stable. As regions such as Timmendorf Beach and Usedom offer limited opportunities for new construction, the few properties available in prime locations are in high demand. On the Baltic coast, prospective buyers are also increasingly looking at locations in the hinterland.

Holiday Properties in Southern Germany

In the south, the lakes and Alpine regions are attractive year-round destinations. Holiday apartments and houses at Lake Constance, in the Five Lakes Region, at Lake Tegernsee, Lake Chiemsee, and in Garmisch-Partenkirchen remain in high demand.

At Lake Tegernsee, apartments in prime locations command prices between EUR 10,000 and 20,000 per sqm. At Lake Constance, prices range from EUR 5,000 to 16,000 per sqm. A key factor in Bavaria is the year-round usability for both summer and winter tourism. Most buyers purchase these properties for their own use or as a second home, with rental income often being a secondary consideration.

Annual Market Report for Holiday Homes in Germany

The annual Engel & Völkers Holiday Property Market Report analyzes the market for second homes and vacation properties across Germany's premier regions. A total of 42 locations within eleven regions - ranging from the North and Baltic Seas to the Alps, the Black Forest, and the country’s largest lakes - are examined in detail. In addition to price developments across all locations, the report highlights the rental market, regional characteristics, and current trends.

Based on the long-standing expertise of our local partners, this report provides a reliable orientation for your investment decisions. Our experts on-site are available to assist you with any further questions. We hope you enjoy the read.

Price Trends & Interest Rates for German Holiday Properties

Vacationing in one's own property offers a unique sense of freedom. Whether it is a house by the sea or an apartment in a ski resort, owners enjoy the security and flexibility of a retreat where they can relax and feel at home at any time. From quiet, private settings to vibrant promenades, holiday homes and second homes in Germany remain in high demand, even during periods of economic uncertainty. Following the interest rate declines in 2024, the demand for holiday properties has risen once again, supported by the ongoing popularity of remote work options and the desire for homes surrounded by nature.

The highest prices for holiday homes are found on Sylt as well as at Lake Starnberg and Lake Tegernsee in Bavaria. In prime locations on Sylt, prices reach up to EUR 18 million. For rare and exceptional trophy properties on the island or directly at Lake Starnberg, values can even reach EUR 35 million. In the apartment segment, the East Frisian islands of Norderney and Juist are among the most expensive locations in the country. On Norderney, prices per square metre in prime locations reach EUR 25,000, with exceptional units commanding up to EUR 28,500.

Buyers are increasingly interested in quiet locations away from traditional tourist centers, with a strong demand for nature and privacy. The trend of decreasing seasonality continues: the ability to work from a second home or a rented holiday apartment means these properties are being used more frequently during traditionally quieter periods. As most owners do not use their property year-round, there is a growing interest across Germany in mixed-use models involving partial rental. For further prices and trends across 42 German holiday regions, please refer to our full Engel & Völkers Holiday Property Market Report.

German Holiday Properties – A Secure Investment?

The desire for a personal retreat within Germany gained significant momentum during the pandemic. Current trends show that this enthusiasm for domestic recreation remains strong, even as international travel has normalized. In many regions, strict political regulations increasingly limit the construction of new holiday properties; as a result, prospective buyers are broadening their search to include neighboring locations as viable alternatives. Overall, holiday properties in premier locations are considered relatively low-risk investments due to their high value stability, even at premium price points.