Over 15 years of experience in Munich, Bavaria & the surrounding area. Commission the best real estate agents for your property in Altena.
Anyone selling or letting a property in Altena doesn't need advertising promises, but a realistic assessment. We tell you what your property will fetch on the market, which documents are missing, and what marketing duration to expect — before you decide to work with us.
Register your search criteria in our database free of charge. As soon as a suitable property becomes available in Altena, we will notify you immediately. Whether it's a house, apartment, plot of land, or investment property — you specify what suits you, and we will only contact you with matches that meet your expectations. Our service is free and non-binding for you as a searcher.
Personally by Gerhard Hahn · FREITAG® Immobilien GmbH
Over 30 years of experience as a real estate specialist
Before any engagement, you will receive a written overview of the process, responsibilities, and timelines for your sale in Altena. No verbal promises, no open points, no surprises during the process. Gerhard Hahn will discuss these points personally with you — before anything is signed.
»Competent and trustworthy, absolutely perfect«
»Mr Freitag successfully sold my company mudis and completely surprised me with the sale price. I am still absolutely thrilled!«
»FREITAG® Immobilien helped us quickly and professionally with a financially very urgent matter. Many thanks again for that!«
Anyone looking for an experienced real estate agent in Altena expects more than just the publication of an advertisement. Crucial factors are a realistic valuation, a suitable marketing strategy, high-quality documentation, professional communication with prospective buyers and secure contract processing. This is precisely where we come in.
As a real estate agency for Altena, we support owners, communities of heirs, capital investors, and landlords in all phases of real estate brokerage — with clear processes and transparent advice.
Personal consultationPersonal, discreet, with over 15 years of market knowledge – your real estate agent for Altena.
You don't have to come to us: For a personal consultation or a property valuation, your real estate agent will, of course, come to you in Altena – discreetly, without obligation, and at an appointment time that suits you.
Market data for Altena at a glance: purchase prices for houses and flats, rents, and land values, each with a history of several years. The basis is publicly available statistics and analyses from the valuation committees.
Current average purchase price per m² for houses in Altena: 2,200 €/m²
House prices in Altena have risen significantly over several years — driven by its proximity to Munich, high demand for family-friendly home ownership, and limited supply. Strong increases until 2022 were followed by a slight correction in 2023/2024, before the market recently showed renewed strength.
| Year | Avg. value | Change |
|---|---|---|
| 2015 | 1,020.62 €/m² | – |
| 2016 | 1,198.82 €/m² | +17.5 % |
| 2017 | 1,377.03 €/m² | +14.9 % |
| 2018 | 1,555.23 €/m² | +12.9 % |
| 2019 | 1,733.43 €/m² | +11.5 % |
| 2020 | 1,911.63 €/m² | +10.3 % |
| 2021 | 2,089.84 €/m² | +9.3 % |
| 2022 | 2,268.04 €/m² | +8.5 % |
| 2023 | 2,234.02 €/m² | -1.5 % |
| 2024 | 2,200 €/m² | -1.5 % |
Current average purchase price per m² for apartments in Altena: 2,000 €/m²
Apartments in Altena have also shown a positive long-term price development. It was particularly dynamic between 2017 and 2022. Since 2023, a noticeable calming has been observed — albeit without significant price decreases. The limited supply continues to support the price level to this day.
| Year | Avg. value | Change |
|---|---|---|
| 2015 | 927.84 €/m² | – |
| 2016 | 1,089.84 €/m² | +17.5 % |
| 2017 | 1,251.84 €/m² | +14.9 % |
| 2018 | 1,413.84 €/m² | +12.9 % |
| 2019 | 1,575.85 €/m² | +11.5 % |
| 2020 | 1,737.85 €/m² | +10.3 % |
| 2021 | 1,899.85 €/m² | +9.3 % |
| 2022 | 2,061.86 €/m² | +8.5 % |
| 2023 | 2,030.93 €/m² | -1.5 % |
| 2024 | 2,000 €/m² | -1.5 % |
Current average rent per m² in Altena: 7.50 €/m²
Rents in Altena have continuously increased in recent years. The development was particularly dynamic between 2018 and 2022. In 2023/2024, the increase continued at a more moderate pace — a sign of an already high rental level with stable demand.
| Year | Avg. value | Change |
|---|---|---|
| 2015 | 4.64 €/m² | – |
| 2016 | 5.08 €/m² | +9.5 % |
| 2017 | 5.52 €/m² | +8.7 % |
| 2018 | 5.96 €/m² | +8 % |
| 2019 | 6.41 €/m² | +7.6 % |
| 2020 | 6.85 €/m² | +6.9 % |
| 2021 | 7.29 €/m² | +6.4 % |
| 2022 | 7.73 €/m² | +6 % |
| 2023 | 7.62 €/m² | -1.4 % |
| 2024 | 7.50 €/m² | -1.6 % |
Current average land value per m² in Altena: 110 €/m²
The land value in Altena has developed significantly upwards — a reflection of the quality of the location and its proximity to the Munich market. Plots are scarce, and demand is structurally high. Strong increases until 2022 were followed by a brief consolidation before values stabilised.
| Year | Avg. value | Change |
|---|---|---|
| 2015 | 51.03 €/m² | – |
| 2016 | 59.94 €/m² | +17.5 % |
| 2017 | 68.85 €/m² | +14.9 % |
| 2018 | 77.76 €/m² | +12.9 % |
| 2019 | 86.67 €/m² | +11.5 % |
| 2020 | 95.58 €/m² | +10.3 % |
| 2021 | 104.49 €/m² | +9.3 % |
| 2022 | 113.4 €/m² | +8.5 % |
| 2023 | 111.7 €/m² | -1.5 % |
| 2024 | 110 €/m² | -1.5 % |
The property market in Altena is stable in terms of demand overall. The price correction of 2023/24 was more moderate in the Sauerland/Siegerland region than in the Rhineland; reliable industrial employment, low housing costs compared to Cologne/Bonn/Düsseldorf and a functioning housing market are stabilising the level. For sellers in Altena, this means a solid market position, especially for energy-refurbished existing properties and detached houses. Investors in Altena benefit from comparatively attractive gross rental yields, typically 3.6 % to 4.6 % depending on the property and location. Anyone looking to buy a house or apartment in Altena should pay particular attention to the energy class, state of modernisation and location relative to local commuter axes (A45, A4, B54). In the rental segment, demand for family-friendly 3-4 room apartments continues to exceed supply.
A closer look at the last few years shows how the Altena property market has developed within the dense metropolitan structure of the NRW market. For detached and terraced houses in Altena, the average purchase price moved from 1,021 €/m² in 2015 to the current 2,200 €/m² (2024) — a total change of +115.6 % over 9 years, which corresponds to an average value increase of +8.9 % p.a. The previous peak was reached in 2022 at 2,268 €/m²; since then, the market has corrected by -3.0 % — a typical pattern in many German mid-sized markets following the interest rate turnaround. Apartments in Altena started at around 928 €/m² in 2015 and are now at 2,000 €/m² (+115.6 % over 9 years, Ø +8.9 % p.a.). This makes them suitable as an entry point into home ownership or as an investment with a manageable ticket size. The average net cold rent in Altena developed from 4.64 €/m² (2015) to the current 7.50 €/m² — +61.6 % over 9 years or Ø +5.5 % p.a. For landlords, the continuous rent increase ensures a predictable adjustment to inflation and operating costs. The standard land value in Altena rose from 51 €/m² (2015) to the current 110 €/m² (+115.6 % in 9 years) — an essential indicator of the structural location quality and local demand for building land. Based on current values, a rented apartment in Altena yields a calculated gross rental return of around 4.5 % — without taking into account vacancy, maintenance and ancillary purchase costs. Experience shows that realistic net returns are 0.8 to 1.5 percentage points lower. With around 16,621 inhabitants, Altena generates a limited but continuous transaction volume — meaning that well-prepared properties priced in line with the market are generally sold quickly, while overpriced offers remain on the market longer and lose room for negotiation. For owners in Altena considering a sale or letting, an individual, data-based valuation is the most important first step — it replaces estimates from online calculators that cannot reflect micro-location, energy efficiency and property substance. FREITAG® provides this valuation free of charge and without obligation.
Rental yield range (approx.): 3.6 – 4.6 % gross.
These market data are regularly updated and reviewed at least every 12 months based on current statistics and expert committee data.
Current market values in Altena compared to the median of all municipalities in Nordrhein-Westfalen.
| Key figure | Altena | Nordrhein-Westfalen (Median) | Difference |
|---|---|---|---|
| Houses Ø | 2,200 €/m² | 2,200 €/m² | 0 % |
| Flats Ø | 2,000 €/m² | 2,000 €/m² | 0 % |
| Rents Ø | 7.50 €/m² | 7.50 €/m² | 0 % |
Annual average values for purchase prices (houses & flats) and rents in Altena, each including the change compared to the previous year.
| Year | Houses Avg/m² | YoY | Flats Avg/m² | YoY | Rent Avg/m² | YoY |
|---|---|---|---|---|---|---|
| 2015 | 1,021 €/m² | – | 928 €/m² | – | 4.64 €/m² | – |
| 2016 | 1,199 €/m² | +17.5 % | 1,090 €/m² | +17.5 % | 5.08 €/m² | +9.5 % |
| 2017 | 1,377 €/m² | +14.9 % | 1,252 €/m² | +14.9 % | 5.52 €/m² | +8.7 % |
| 2018 | 1,555 €/m² | +12.9 % | 1,414 €/m² | +12.9 % | 5.96 €/m² | +8 % |
| 2019 | 1,733 €/m² | +11.5 % | 1,576 €/m² | +11.5 % | 6.41 €/m² | +7.6 % |
| 2020 | 1,912 €/m² | +10.3 % | 1,738 €/m² | +10.3 % | 6.85 €/m² | +6.9 % |
| 2021 | 2,090 €/m² | +9.3 % | 1,900 €/m² | +9.3 % | 7.29 €/m² | +6.4 % |
| 2022 | 2,268 €/m² | +8.5 % | 2,062 €/m² | +8.5 % | 7.73 €/m² | +6 % |
| 2023 | 2,234 €/m² | -1.5 % | 2,031 €/m² | -1.5 % | 7.62 €/m² | -1.4 % |
| 2024 | 2,200 €/m² | -1.5 % | 2,000 €/m² | -1.5 % | 7.50 €/m² | -1.6 % |
Source: FREITAG® Immobilien's own market research based on publicly available statistics and expert committee evaluations.
Frequently asked questions about buying, selling, financing, and living in Altena — concisely answered.
Many owners in Altena are sitting on an asset that they cannot access because they do not want to give up their home. This is precisely whatProperty annuity (Immobilienverrentung) is for: The sale takes place, but the move-out does not. Depending on the model — Usufruct, Right of abode, Life annuity or Leaseback — the purchase price is paid as a lump sum, as a monthly annuity, or as a combination of both.
Security is crucial: The right of abode (Wohnrecht) is entered in the land register (Grundbuch) in the first rank, before the buyer is registered as the owner. We will calculate for your property in Altena how much the usufruct (Nießbrauch) value reduces the purchase price — and whether this is more profitable compared to a traditional sale.
We approach this with an open mind. If a normal sale with a subsequent move is economically better for you, we will tell you — instead of trying to sell a property annuity (Immobilienverrentung) model that doesn't suit your needs.
For many businesses, capital is tied up in Altena in their own property instead of in operational business. Sale & Lease-Back solves this: sale to an investor, simultaneously a long-term lease agreement that secures usage. Business operations, address, and workforce remain where they are.
A lot changes in the balance sheet — the property leaves the fixed assets, depreciation becomes rental expense. Whether this is advantageous for your company depends on the legal form, financing structure, and tax starting position; therefore, we calculate this together with your tax advisor before anything is signed.
Crucial for the achievable price are the lease agreement term, creditworthiness, and third-party usability (Drittverwendungsfähigkeit) of the property in Altena. We structure these points so that the sales proceeds and the subsequent rental burden are in a reasonable relationship.
Owners of hotels and restaurants in Altena who wish to sell their hospitality property or lease it want, will find FREITAG® to be a partner for the Horeca sector. We broker everything from traditional guesthouses and cafés to hotels and boarding houses to investors and successors who understand the industry.
Selling a hotel in Altena without business interruption is a complex task: We assist with valuation, discreet exposé creation, and approaching suitable buyer groups — for ongoing operations as well as for properties with conversion potential.
Alternatively, we lease: solvent tenants with industry experience, checking of creditworthiness and concept, long-term predictable lease income. For every hospitality property in Altena the right strategy.
Managing Director of FREITAG® Beteiligungsgesellschaft mbH
As an appraiser and real estate agent with over 30 years of experience, Gerhard Hahn knows both sides of the market: reliable valuation and the actual willingness of buyers to pay. For owners, heirs, and capital investors, he translates this into a concrete sales or letting strategy.
Many property owners in Altena wish to sell without neighbours, tenants, or employees finding out. Gerhard Hahn has been providing precisely this discreet approach for over 30 years. Gerhard Hahn also plans personal on-site appointments for Altena, around 387 km from Munich — valuation and initial consultation always take place at your premises.
Note: This list is based on AI-powered research (ChatGPT) of publicly available sources and does not constitute an official evaluation or recommendation. The order does not imply a hierarchical ranking.
Owner-managed real estate agency in Altena specialising in residential and commercial properties, as well as investment properties and land. The company has been established in the market for years and offers property management services in addition to brokerage. Dan Ossenberg-Engels manages the office and is an experienced estate agent active in the region. The service area covers Altena and the surrounding area in the Märkischer Kreis.
Visit websiteOwner-managed estate agency led by Andreas Opitz, focusing on the brokerage, management, and letting of residential properties in Altena. The company offers comprehensive real estate services and is locally rooted in the town. With many years of market experience, the office assists buyers and sellers in Altena and the surrounding area.
Visit websiteLocally established real estate agency in Altena with a focus on residential property brokerage. Burkhard Tienken acts as the company's estate agent and enjoys good market ratings. The office is well-known in the region and brokers properties in the Märkischer Kreis, with a focus on Altena and the surrounding area.
Real estate agency with Marcus Steinbach as the contact person for residential property brokerage in Altena. The company is established in the market and offers services related to the purchase, sale, and letting of properties. The service area extends to Altena and the Märkischer Kreis.
Estate agency led by Bianca Küster with a focus on residential property brokerage in Altena. The company is listed on ImmoScout24 and brokers properties in the region. With a local presence, the office assists buyers and sellers in the Altena market.
Professional estate agency with Patrick Losch as the contact person for property brokerage in Altena. The company is represented on ImmoScout24 and offers services in the residential property sector. The service area covers Altena and the region in the Märkischer Kreis.
Branch of the internationally renowned real estate group Engel & Völkers with a service area in Altena and the surrounding area. The branch in Lüdenscheid also serves Altena and offers comprehensive services for the purchase, sale, and valuation of residential properties. With local market knowledge and individual service, Engel & Völkers is an established partner in the market.
Visit websiteAre you looking for a real estate agent not directly in Altena, but in the surrounding area? FREITAG® also serves the following municipalities in North Rhine-Westphalia with local market knowledge, current purchase prices, and personal advice:
These locations are within a price band of ±10% around the current average house price per square metre of Altena (Ø 2,200 €/m²) — ideal for an honest market comparison and alternative location assessments.
Detailed analysis of the plot, year of construction, condition, and micro-location. We develop an individual marketing strategy and support the house sale up to the notary appointment.
Minutes of the owners' meeting, maintenance reserve fund, and special rights of use are also decisive for the price. We review the documents before the first viewing appointment.
Developability, layout, development status, and land value guide are crucial. We provide a realistic valuation and specifically address suitable buyers and investors.
Third-party usability, remaining term of rental agreements, and tenant creditworthiness determine the price of your commercial property. We tailor the documents precisely to these factors.
Professional market placement, well-considered tenant selection, and legally sound documents for a smooth letting of your flat.
Detached houses, semi-detached houses, or terraced houses appeal to different target groups — we ensure the appropriate presentation and solvent tenants.
Right of residence (Wohnrecht), leaseback, life annuity (Leibrente), or usufruct (Nießbrauch) — we examine the most suitable option for you and advise on opportunities and framework conditions.
Comparative value, intrinsic value (Sachwert) or income approach (Ertragswert): We select the appropriate method for the property and disclose the derivation, instead of just stating a number.
Contact us — we will advise you without obligation on valuation, marketing, and next steps.
Phone hours: Mon–Sat 09:00–20:00 · Sun & public holidays closed
| Country | Deutschland |
| Federal State | Nordrhein-Westfalen |
| District | Märkischer Kreis |
| Altitude | 210 m ü. NHN |
| Area | 15,2 km² |
| Inhabitants | 16.621(31. Dez. 2023) |
| Postcode | 58511 |
| Dialling Codes | 02352 |
| Vehicle Registration Plate | MK |
| Address of the City Administration | Rathaus, Rathausstraße 1, 58511 Altena |
| Website | www.altena.de |
| Mayor | Guido Thal |
Quellen: Wikipedia / Gemeindewebsite / Perplexity (accessed on 2026-05-11)
The Märkischer Kreis reports on a planned fire service center at the fire protection and rescue service center in Altena-Rosmart. Construction is scheduled to begin in the first quarter of 2027, with total costs estimated at approximately 12 million euros.
The city of Altena has owned the derelict industrial site Schwarzenstein-Winkelsen since 2018 and intends to develop the 3.2-hectare area as a new entrance to the city. Plans include uses for living, working, and tourist offerings.
In Altena, the Kohlberghaus nursing home is set to receive a new building, which is expected to cost up to nine million euros. The new building with 34 single rooms is planned for late summer 2026 and will be privately refinanced.
On a site with a direct connection to Altena, an investor group is planning the demolition of an eyesore and the construction of 29 barrier-free apartments. The article describes the group as consisting of entrepreneurs from Nachrodt, Altena, and Lüdenscheid; a building permit has already been granted.
In Altena, the new fire protection and rescue service center of the Märkischer Kreis was officially opened. The new complex comprises four buildings, including a practice area and a training building, and dates back to the groundbreaking ceremony in June 2019.
