Germany is home to beautiful, historic cities and stunning rural wilderness, yet it's been a turbulent few years for the country's property market. Thanks to years of low interest rates and strong demand, the property market in Germany was booming until "a post-pandemic surge in borrowing and construction costs quickly turned it into one of the hardest-hit markets, in a global real estate slump", finance market experts Reuters explains.

Since soaring nearly 25% from 2020 to mid-2022, home prices have fallen about 12%. But things are slowly turning around and it's expected that the average German house price will rise by 3.5% in 2025.

According to March 2025 data from Engel & Völkers, the average offer price for homes in Germany is €453,740 (£380k$492k). Germany's most expensive market is Munich in Bavaria, where the typical home costs €1,083 (£907/$1.2k) per square foot (€11.7k/£9.8k/$12.6k per sqm). Leipzig in Saxony is one of the most affordable spots, with the average home costing just €355 (£297/$385) per square foot (€3.8k/£3.2k/$4.1k per sqm).

What does $1m ACTUALLY buy you in the world's property markets?