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Property investment in Lübeck, Germany

2026 Market Data & Investment Analysis

Gross Yield

5.3%

Annual rent / price

Median Home Price

€232,000

As of 2025-01

Median Monthly Rent

€1,024

Per month

Population

217,000

+0.7% / yr (5y avg)

Estimates based on median market data. Actual returns depend on your specific property. Source: Destatis / Immobilienscout24, 2025-01.

Calculate your rental yield in Lübeck

Pre-filled with Lübeck's median values. Adjust to match your specific property.

Property Details

Total acquisition cost before taxes

HOA, insurance, property management

%

% of time the property is empty

%

% of purchase price (e.g. 2% = 2)

% of price

Rule of thumb: 1% of purchase price/yr

Results

Gross Rental Yield

5.30%

Net Rental Yield

3.00%

Cap Rate

3.00%

Monthly Cash Flow

€579.47

Annual Cash Flow

€6,953.60

> 6% — Excellent4–6% — Good< 4% — Low

Lübeck rental market at a glance

Median Home Price — 5-Year Trend

2021
€218,000
2022
€252,000
2023
€243,000
2024
€237,000
2025
€232,000

Median Monthly Rent — 5-Year Trend

2021
€900
2022
€946
2023
€980
2024
€1,004
2025
€1,024

Lübeck provides solid rental yields of 5.3%, in line with healthy investment market benchmarks.

Modest population growth of 0.7% per year indicates a stable but slowly growing rental market.

The vacancy rate of 2.2% is healthy, indicating strong rental demand and limited downtime between tenants.

What type of investment market is Lübeck?

Challenging Market

Lübeck presents challenges with both modest rental yields and limited population growth. Investors need to carefully analyze specific neighborhoods and property types to find opportunities that outperform the market average.

Strengths

  • Lower entry prices may reduce downside risk
  • Select neighborhoods and value-add properties can outperform the average

! Risks

  • Below-average gross yield of 5.3% limits income potential
  • Limited population growth reduces long-term rental demand
  • Higher due diligence required to identify strong-performing assets

Key Metrics

Gross Yield5.3%
Median Home Price€232,000
Median Monthly Rent€1,024
Population Growth+0.7% / yr
Vacancy Rate2.2%

How does Lübeck compare to nearby cities?

Lübeck vs Kiel: 0.1 percentage point difference in gross yield.

CityMedian PriceMedian RentGross YieldPop. Growth
Kiel, Schleswig-Holstein€240,000€1,0405.2%+1%
Hamburg, Hamburg€448,000€1,5684.2%+2.4%
Rostock, Mecklenburg-Vorpommern€208,000€9445.4%+0.8%

Common questions about investing in Lübeck

Is rental investing profitable in Lübeck?
Lübeck offers a gross rental yield of 5.3%, which is in line with the national average. With a median home price of €232,000 and median monthly rent of €1,024, profitability is achievable but depends heavily on financing terms and whether you can source properties below the median price.
What is the average rental yield in Lübeck?
The average gross rental yield in Lübeck is approximately 5.3%, based on a median home price of €232,000 and median monthly rent of €1,024 (as of 2025-01). Net yield, which accounts for vacancy, expenses, and maintenance, is typically 2–3 percentage points lower.
How does Lübeck compare to Kiel for investors?
Lübeck has a gross yield of 5.3% compared to 5.2% in Kiel, a difference of 0.1 percentage points. Lübeck offers higher current income potential, making it more attractive for cash flow-focused investors.

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