Is real estate investment worthwhile in Kiel?
- Kiel is a city with 247,548 inhabitants in the state of Schleswig-Holstein.
- The median purchase price is €3,797 per square metre – high prices compared to the national average.
- Purchase prices have risen by 7.2% over the last five years.
- Compared to the national average, an average gross rental yield can be achieved here: between 3.8% and 4.0% (average 3.9%).
- The purchase-price factor is about 25 years.
- The low average age (42.4 years) makes the region a safe place to invest.
- The population has grown by 3.9% since 2008 (about 0.4% per year).
- Unemployment at 8.1% is above the national average.
AI Location Report
Kiel is positioned with an average price per square metre of 3.797 € and a price-to-yield factor of 25,7 in the German comparison. Rents (avg. 12,35 €/m²) reflect a focus on value stability.
📊 Local Metrics & Investor Check
Strategy Classification: Value Growth City
Medium yield, value appreciation potential takes priority.
Medium yield, value appreciation potential takes priority.
Price-to-Rent Ratio
25,7 ×
Years of cold rent until amortization
Avg. gross rental yield
3,89 %
Range: 3,83 % – 4,03 %
Value appreciation (5 y.)
+7,19 %
≈ 1,44 % p.a.
📈 Current Market Overview & Price Ranges
| Metric | Average | Market Range (Min – Max) |
|---|---|---|
| Purchase Price | 3.797 €/m² | 3.540 € to 4.195 € |
| Rent (cold rent) | 12,35 €/m² | 11,31 € to 13,46 € |
| Yield (affordable apt.) | 3,83 % | Typical for smaller / cheaper apartments |
| Yield (expensive apt.) | 3,85 % | Premium locations, focus on value growth |
📉 Historical Market Dynamics
| Period | Purchase Prices | Rents |
|---|---|---|
| Last Year | -3,57 % | +0,33 % |
| Last 2 Years | +5,72 % | +3,96 % |
| Last 5 Years | +7,19 % | +24,50 % |
| Last 10 Years | +74,41 % | +45,12 % |
📅 Prices Over the Years
| Year | Purchase Price avg €/m² | Rent avg €/m² | Yield % |
|---|---|---|---|
| 2011 | 1.502 | 6,58 | 5,26 |
| 2012 | 1.507 | 7,91 | 6,30 |
| 2013 | 1.793 | 7,28 | 4,87 |
| 2014 | 1.967 | 8,46 | 5,16 |
| 2015 | 2.070 | 8,33 | 4,83 |
| 2016 | 2.177 | 8,51 | 4,69 |
| 2017 | 2.376 | 8,26 | 4,17 |
| 2018 | 2.751 | 8,86 | 3,87 |
| 2019 | 2.995 | 9,31 | 3,73 |
| 2020 | 3.138 | 9,72 | 3,72 |
| 2021 | 3.542 | 9,92 | 3,36 |
| 2022 | 3.893 | 10,64 | 3,28 |
| 2023 | 3.504 | 11,12 | 3,81 |
| 2024 | 3.591 | 11,88 | 3,97 |
| 2025 | 3.937 | 12,31 | 3,75 |
| 2026 | 3.797 | 12,35 | 3,90 |
🧮 Sample Investment Calculation
Interactive calculation for an apartment in Kiel. Adjust values:
Acquisition Costs
Total Purchase Price –
Brokerage Fees (7 %) –
Property Transfer Tax (3.5 %) –
Total Investment –
Income & Yield
Rental Income (duration) –
Profit –
Yield p.a. –
🗺️ Roadmap for Beginners in Kiel
Step 1: Check financing capacity
Clarify budget and equity. Use the financing check in the sidebar.
Step 2: Set up local property searches
Search property portals for listings in Kiel and the surrounding area.
Step 3: Viewing & property inspection
Review owners' association minutes. Note structural defects and reserve funds.
Step 4: Purchase price negotiation
Price-to-yield factor 25,7 – use as a solid negotiation basis.
Step 5: Notary appointment & land registry
Factor in purchase costs (brokerage, transfer tax, notary).