Hamburg city hall
Interest rates in Hamburg
0.92%
RATE TYPE
5 years
Fixed
10 years
Fixed
15 years
Fixed
20 years
Fixed
30 years
Fixed
INTEREST RATE
0.92%
1.15%
1.65%
1.90%
2.30%
MONTHLY RATE
756 €
815 €
945 €
1,009 €
1,113 €
Mortgage calculator for Hamburg
500,000
Loan amount
699
Monthly repayment
What is the purchase price?
500,000 €
What down payment do you want to make?
20,000 €
Calculate mortgage

Hamburg – “A ripe property location for investors”

Canal between the heritage building in Hamburg

City overview

Hamburg, with a population of 1.79 million people (4.3 million including the metropolitan area), is Germany's second largest city. Hamburg, a city-state of its own, is the cultural and commercial hub of Northern Germany, achieving the second highest GDP per capita among German cities.

Being home to the largest seaport in Germany, many global businesses are located in Hamburg, positioning itself as a new global hub for life science, media and technology, in particular for the aviation and logistics industry.

The transformation of Hamburg into an international hub is well-reflected in the total number of people with a migrant background, which accounts for 34% of the total population. 631,246 foreign nationals come from more than 180 different countries.



Real estate market trends & outlook

The costs of buying existing houses or apartments in Hamburg have risen more than 70% since 2009.

Compared to other metropolitan areas, rent growth in Hamburg is below average, which is mainly caused by comparatively strong construction activity and a very stable population growth. The city forecasts a small increase in the number of inhabitants by only 52,000, to 1.84 million, by 2030.

One of the key drivers for continuous growth of apartment and house prices may then be the low interest rates. Hamburg's property market could therefore be more sensitive to interest rate changes over the next few years, compared to other real estate markets in Germany.

Prices for existing residential units reached to €4,390/sqm on average in the first half of 2018 in Hamburg, which are the third-highest in Germany, after Munich and Frankfurt. Rental prices increased by 3.8% and reached €12.35/sqm on average. The highest rents are yielded around the Außenalster, with an average of €14,22/sqm. The costs of buying single-family homes have increased by more than 10% compared to the previous year and the asking prices are now €632,590 on average.

Stable population growth and steady increase of new building permits and building completions have led to fewer demand, which explains why rent and price growth are kept at an acceptable level. A young workforce, with one third of the city's residents below the age of 30, combined with a very low vacancy rate of only 0.7% suggest that Hamburg will remain a very attractive target for real estate investment for the years to come.

We’ve partnered up with multiple property listing pages and real estate agents to help you find a home. For instance, if you’re planning buy real estate in Hamburg, particularly new build property, you should check out neubau kompass!

How prices are growing in
major German cities?

Germany's strong economic growth has resulted in price increases across German cities: On average the prices doubled in the last 10 years. Rents also follow the house price development in Germany: the average increase amounts to 50% between 2008 and 2018.

In Hamburg, the average annual property prices per square meter has increased from €2,000 in 2008 to €4,390 in 2018. Meanwhile, the average rent prices per square meter also increased from €8.10 in 2008 to €12.35 in 2018.

VIEW RENTAL PRICES
VIEW ASKING PRICES
Apartment rental prices ’08-18’ (Euro/sqm/month)
Year 2018
Year 2008
rental-prices-08-17-hamburg
n = 55,600 rented apartments from 80 to 120 sqm. that were inserted in immowelt.de in the first half of 2008 and 2018. Source: Statista and TheLocal 2018

About us

LoanLink is a German mortgage broker, and we specialize in international clients. If you want to purchase Hamburg real estate, we can help. Our Hamburg mortgage broker team will advise you in English, and our online platform will find the best mortgage rates from among 400+ regional and global German banks.

You can access our platform any day of the week, at any time, to find help with a German mortgage. Not only that, our home loan calculator can lso show you how much you can borrow, and what your monthly payments may be. And best of all, our resources are in English and are completely free.

LoanLink is registered and controlled by the surveillance authority in Hamburg.

Best interest rates in Hamburg

Our algorithm scans mortgages from more than 400
partner banks to find the best deal possible for you

Professional advice

Our experts are specialized to advise non-German residents,
are certified mortgage brokers and are fluent in English

Low cost

We don’t charge you any fees. Since we are independent
of single banks, we focus on finding the best offer available

Working in Germany?
If you live, work, and pay taxes in Germany, you likely qualify for mortgage products as a German resident. We will help determine your eligibility with 400+ banks. And for Blue Card visa holders, we will make sure you access qualifying products from our partner banks.
Not working in Germany?
For foreign investors living and working abroad, Hamburg real estate can be a solid investment. Our Hamburg mortgage broker team works with our partner banks to find the best options for a non-resident home loan.

Got a question or a complex situation?

Our friendly home loan experts are happy to support you in finding a mortgage in Hamburg. Call us on +49 (0) 30 5683 7535 or email us at [email protected]

Başar Canıperk, a professional mortgage expert and real estate specialist from LoanLink, an online home loan broker in Germany.
Başar Canıperk
Mortgage expert
Jan Joisten, a professional mortgage expert and real estate specialist from LoanLink, an online home loan broker in Germany.
Jan Joisten
Mortgage expert
Stefan Koeppen, a professional mortgage expert and real estate specialist from LoanLink, an online home loan broker in Germany.
Stefan Koeppen
Mortgage expert
Başar Canıperk, a professional mortgage expert and real estate specialist from LoanLink, an online home loan broker in Germany.
Başar Canıperk
Mortgage expert
Jan Joisten, a professional mortgage expert and real estate specialist from LoanLink, an online home loan broker in Germany.
Jan Joisten
Mortgage expert
Başar Canıperk
Başar Canıperk
Mortgage expert
Jan Joisten
Jan Joisten
Mortgage expert
Stefan Koeppen
Stefan Koeppen
Mortgage expert
Başar Canıperk
Başar Canıperk
Mortgage expert
Jan Joisten
Jan Joisten
Mortgage expert

How it works

1. Calculate
Find out what your borrowing power is and what properties fit in your budget
2. Get a quick idea
We have an algorithm that can instantly tell you if you qualify for a loan, and what the terms of the mortgage might be
3. Speak to an expert
Our Hamburg mortgage broker team walks you through the entire German mortgage process to make sure you understand requirements and secure the best deal
4. Secure your mortgage
We will work with your selected lender directly while you sit back and relax
German Mortgage Calculators
We have a series of mortgage calculators to check important factors like borrowing power, fees and monthly payments
Mortgage repayment calculator
What is my monthly repayment?
Closing costs calculator
How much will I pay in fees?
Affordability calculator
How much can i afford?
Mortgage rates calculator
What are the German mortgage rates?

More information on mortgages in Germany

Can’t find what you’re looking for here? We’ve got more answers on our FAQs page.

Guide to buying property in Germany
The LoanLink guide to buying
property in Germany
Download PDF

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property in Hamburg

Buying a home is complicated and stressful - even for German native speakers. We’ve created a comprehensive and easy to understand guide to buying a property in Germany:

How to purchase property
How does the mortgage work
How to calculate your borrowing power

What is my monthly repayment?

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