Hamburg, May 4 – Rental prices for apartments offered on real estate portals in Hamburg have continued to climb, though at a significantly slower rate compared to the previous year. This is according to the latest housing market survey conducted by Ohmoor Gymnasium. It is important to note that this study does not include rental prices from housing cooperatives or SAGA.
40 Years of Tradition: Students Analyze Housing Market
For 40 years, it has been a tradition at the Niendorf Gymnasium: the geography advanced course sifts through thousands of rental apartment advertisements and calculates how rental prices are developing. This year, eleventh-grade students evaluated approximately 5,000 advertisements from January to March. The study found that the average cold rent in Hamburg was 15.88 Euros per square meter, representing a 1.8% increase over the previous year’s value.
Significant Increase in Surrounding Areas
“The leader in rents this year was the Old Town with 30.88 Euros per square meter,” said student Jana, noting that this was an average from twelve listings. In the surrounding areas of Hamburg, rents increased significantly more, according to the gymnasium’s study. There, an average of 12.65 Euros per square meter was recorded, a 4.8% increase.
Numerous Exchange Offers Signal Tense Situation
During their search for housing offers, the students also noticed a particularly high number of apartment exchange offers. “This is a signal of the tense situation in the housing market,” believes Rolf Bosse, head of the Hamburg Tenants’ Association. Bosse also cautioned that the slowed increase should not obscure the fact that the overall rental level remains too high.
Residential Property Prices in Hamburg Slightly Decreased
In related news, prices for single and two-family homes in Hamburg decreased by an average of six percent. In contrast, prices for condominiums increased by four percent, according to the new LBS Real Estate Market Atlas.
City Land Sales: Five Exceptions Approved
Hamburg no longer sells municipal land to housing construction companies; it is generally only leased. However, five exceptions have been approved. This policy aims to ensure more affordable housing options and greater control over urban development.
Hamburg Journal Reports on Housing Market
The Hamburg Journal, broadcast on NDR Fernsehen at 6:00 PM on May 4, 2026, covered this topic, providing further insights into the city’s dynamic housing market. The report highlighted the implications of the student study and the broader trends observed in property values.
Other News from Hamburg
Hamburg is currently bustling with events. The OMR 2026 online marketing fair is attracting 70,000 visitors and numerous celebrities, including Heidi Klum and Tom Brady, to the exhibition halls today and tomorrow. Additionally, citizens have submitted proposals for the redesign of the area around the new Sternbrücke in Hamburg-Altona. The western tube of the Old Elbe Tunnel has also reopened after nearly seven years of renovation, featuring a new traffic concept. In legal news, a 23-year-old is facing trial for allegedly attempting to stab his ex-girlfriend’s new boyfriend in Hamburg-Bergedorf last November. Meanwhile, after a match against Mainz, St. Pauli is now in a relegation spot.
Source: NDR.de
