1. What are the current developments on the Stuttgart real estate market?

2. How high are the rental prices in Stuttgart?

3. How high are the real estate prices for condominiums in Stuttgart?

4. Have real estate prices in Stuttgart for single and multi-family houses fallen?

5. How high are the real estate prices in the Stuttgart districts?

6. What is the prognosis for the development of property prices in Stuttgart?

7. Contact person - that's what your local experts say

Like many other metropolises in Germany, Stuttgart is also seeing continuous growth in its population. More than 614,500 people currently inhabit the urban area, which corresponds to an increase of +3.7 percent since 2014. The city is popular both as a residential and investment location, so that the residential property market is characterized by excess demand. While the coveted half-height locations are in demand with families, many singles and couples are drawn to the residential complexes close to the city. Due to the attractive returns and the good rentability, investors mainly invest in central locations. The unbroken high demand for living space can also be seen in the low vacancy rate. Just 0.5 percent of the properties in Stuttgart are uninhabited. The city ranks alongside other coveted metropolises such as Berlin (0.8 percent) or Hamburg (0.5 percent).

As in many other places in Germany, rental prices in Stuttgart have been growing continuously for years. This applies to both existing properties and new construction projects. The average asking rents for existing properties rose to EUR 13.73 per square meter of living space in the second quarter of 2020. Over the past five years, rental prices for this type of property have increased by +20.97 percent. The asking rents for new buildings also continued their upward trend in the past year. The square meter prices for living in a new building in Stuttgart averaged 16.80 euros in the second quarter of 2020. Calculated over a five-year period, the price increase per square meter averaged +24.19 percent.

Condominiums are an attractive investment for capital investors, because renting them can generate constant income. This is particularly attractive in view of the steady rise in rental prices in Stuttgart recently. However, real estate prices for condominiums in the Baden-Württemberg metropolis also rose at the same time. As with rental prices, a distinction can be made between existing properties and new buildings with regard to price development. For the purchase of an existing condominium in Stuttgart, the price level in the second quarter of 2020 was an average of 4,809 euros per square meter. Viewed over the past five years, the increase in value was +34.82 percent. In the new construction sector, too, real estate prices for condominiums in Stuttgart have been on the rise for years. Between 2019 and the second quarter of 2020, the average square meter prices rose from 7,032 euros to 7,772 euros. Over the past five-year period, the price level has increased by an average of +33.65 percent.

House prices in Stuttgart are also affected by the constant growth. The average price level for single-family homes rose by +19.9 percent in the second quarter of 2020 compared to the first half of 2019. This means that home buyers paid an average asking price of 1,333,936 euros. The Stuttgart market for residential, commercial and multi-family houses is very active. Transaction volumes and real estate prices have been rising sharply for years. The average offer price in the first half of 2019 was 3,796 euros per square meter. This means that Stuttgart is already at a very high level. Transaction figures, rents, prices and factors can be found in detail in our residential and commercial buildings market report 2020.

It is not just the nature and type of a property that influences its price; The location of the property is also a decisive factor when assessing the value of a house or a condominium. A distinction is made between very good, good, medium and simple locations. Experience has shown that the most desirable locations in large cities are primarily the areas near the center.

This is also the case in Stuttgart: Districts in very good locations include large parts of Kräherwald, Mönchhalde, Gänsheide, Bopser, Frauenkopf, Sonnenberg, Killesberg and Birkenäcker. In these parts of Stuttgart real estate prices for single and two-family houses are between 1.5 million euros and 4.5 million euros. Local condominiums also achieve top values in Stuttgart with average prices between 5,800 euros and 13,000 euros per square meter of living space. Ilkay Koenec expects that the asking prices for single and two-family houses as well as those for condominiums will continue to rise. Multi-family houses are traded between 3,400 and 5,350 euros per square meter. Ilkay Koenec expects that the asking prices for single and two-family houses, for condominiums as well as those for multi-family houses and residential and commercial buildings will continue to rise.

Other central districts in good locations are Hasenberg, Stuttgart-West, Stuttgart-Süd and parts of Stuttgart-Mitte. The remaining districts, which have a good location, are spread across the outer urban areas such as Bad Cannstatt, Degerloch and Sonnenberg or parts of Untertürkheim and Möhringen. In these parts of Stuttgart, the prices for single and two-family houses are between 800,000 euros and 2.5 million euros. The condominiums are also at a high price level: They achieve average square meter prices between 4,800 euros and 10,000 euros. Apartment buildings / residential and commercial buildings are sold in good locations between 2,900 and 4,450 euros per square meter.

In the central locations of Stuttgart, which include the districts of Stuttgart-Ost, Zuffenhausen, Münster, Wangen, Obertürkheim, Birkach, Vaihingen and parts of Möhringen, single and two-family houses reach a price range between 500,000 euros and 1.7 million euros . The asking prices for condominiums are also high, despite the middle location, with a range between 3,800 euros and 8,000 euros. Multi-family houses cost between 2,200 and 3,800 euros per square meter.

Only a few districts of Stuttgart, especially those in the north, have a simple real estate location. These include Mühlhausen, parts of Birkenäcker and Weilimdorf. Home buyers can expect asking prices between € 380,000 and € 1 million for single and two-family houses. Condominiums reach average square meter prices between 2,800 euros and 5,000 euros. Apartment buildings with or without a commercial component cost between 2,000 and 2,850 euros in a simple location. You can find a precise classification of the individual districts and their price range on our map for real estate prices in Stuttgart: