Investment Properties in Lübeck: Figures, Locations, and an Honest Calculation
Romolo Marini · 2026-10-13
The Hanseatic city of Lübeck combines historical charm with modern economic power. For investors, the city is interesting because of its low vacancy rate and stable population.
01Lübeck in Figures
| Key Figure | Value | Source, Status |
|---|---|---|
| Residents | 217,143 | 12/31/2025 |
| Vacancy rate | 2.8 % | Census 2022 |
| Ø Rent (Rental Mirror) | €9.20/m² | Rental Mirror 2025 |
| Purchase price used Apt. | €3,100/m² | Expert Committee 2025 |
| Real estate transfer tax | 6.5 % | Schleswig-Holstein |
02Location and Demand
Lübeck benefits from its location between Hamburg and the Baltic Sea. The port, tourism, and the university are the main drivers. The demand for living space exceeds the supply, which is reflected in the low vacancy rate.
FAQHäufige Fragen
Is an apartment in Lübeck worth it as an investment?
Lübeck offers very low vacancy and stable demand. With a purchase price of €3,100/m² and a rent of €10/m², the gross yield is around 3.9%. Due to the high real estate transfer tax of 6.5%, the investment pays off especially in the long term.
How high is the rental yield in Lübeck?
Gross yields for existing apartments are usually between 3.5% and 4.2%. New construction yields around 3.0%.
Is there a rent control in Lübeck?
Yes. Lübeck has a rent control and a cap of 15% for existing tenancies.