Investment Property in Halle (Saale): Numbers, Districts, and an Honest Calculation

It depends on the building, rent, and financing. Existing apartments cost a median of €2,061/m² in 2024; at €7.00/m² rent, that's about 24 times annual rent. With full financing at 3.8% interest, you'll pay extra monthly. Halle may suit investors with equity and a long horizon due to the university.

At a €2,061/m² median price, gross yield is between 3.4% (census rent €5.92/m²) and 4.4% (listing rent €7.60/m²). New-builds reach about 2.7%. Net is lower after costs and management.

In 2024, existing condos averaged a median of €2,061/m². 1949–1990 apartments were €1,314/m², post-1990 were €2,269/m². New-builds averaged €4,811/m².

Altstadt, Paulusviertel, and Giebichenstein are most popular, with listing rents around €9–9.50/m². Kröllwitz and Heide-Süd are near the Weinberg Campus. Halle-Neustadt and Silberhöhe have lower prices but higher vacancy.

No. Saxony-Anhalt has not issued a rent brake ordinance. Therefore, there is no 10% cap above the local comparative rent for new leases.

The statutory 20% cap applies in Halle. Rent may rise by at most 20% within three years, and only up to the local comparative rent per the 2026–2027 rent index.

Saxony-Anhalt charges 5.0%. With notary and land registry, expect about 7% closing costs without a broker.

Hardly. At the end of 2025, Halle had 226,186 residents, 581 fewer than a year earlier. The Bertelsmann Foundation expects only a very slight decline by 2040, much less than the rest of Saxony-Anhalt.