Over 15 years of experience in Munich, Bavaria & the surrounding area. Commission the best real estate agents for your property in Erlangen.
Anyone selling or letting a property in Erlangen 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.
Instead of searching portals daily, we reverse the process: you register your profile for Erlangen, we automatically match every new listing with it, and we actively contact you. No fees for searchers, no automated mass emails, no sharing of your data with third parties.
Personally by Gerhard Hahn · FREITAG® Immobilien GmbH
Over 30 years of experience as a real estate specialist
When multiple heirs have to decide on a property in Erlangen, it's rarely just about square metres. For decades, Gerhard Hahn has been moderating precisely these constellations: a fair market value, a clear process, a clean payout. This way, the family stays together in the end, and the assets are in order.
»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 Erlangen 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 Erlangen, 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 Erlangen.
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 Erlangen – discreetly, without obligation, and at an appointment time that suits you.
The following figures show how purchase prices, rents, and land values have developed in Erlangen. These are average values for the entire location — the location, year of construction, and condition of a specific property can deviate significantly from these.
Erlangen is a major city in Middle Franconia and one of Bavaria's eight large cities, with approximately 116,450 inhabitants. Together with Nuremberg and Fürth, it forms the urban triangle of the Nuremberg European Metropolitan Region. The city is situated in the Regnitz valley, with the river flowing through the urban area and the Main-Danube Canal running parallel to its west. To the east, the Erlanger Oberland extends towards the Franconian Switzerland uplands. This geographical setting within one of Germany's eleven metropolitan regions offers an appealing base for property buyers and owners.
Source for local facts: Wikipedia
Source: Wikidata (official statistics)
Current average purchase price per m² for houses in Erlangen: 5,950 €/m²
House prices in Erlangen 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 |
|---|---|---|
| 2016 | 3,850 €/m² | – |
| 2017 | 4,050 €/m² | +5.2 % |
| 2018 | 4,300 €/m² | +6.2 % |
| 2019 | 4,550 €/m² | +5.8 % |
| 2020 | 4,850 €/m² | +6.6 % |
| 2021 | 5,250 €/m² | +8.2 % |
| 2022 | 5,650 €/m² | +7.6 % |
| 2023 | 5,780 €/m² | +2.3 % |
| 2024 | 5,900 €/m² | +2.1 % |
| 2025 | 5,950 €/m² | +0.8 % |
Current average purchase price per m² for apartments in Erlangen: 5,450 €/m²
Apartments in Erlangen 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 |
|---|---|---|
| 2016 | 3,600 €/m² | – |
| 2017 | 3,800 €/m² | +5.6 % |
| 2018 | 4,050 €/m² | +6.6 % |
| 2019 | 4,300 €/m² | +6.2 % |
| 2020 | 4,600 €/m² | +7 % |
| 2021 | 4,950 €/m² | +7.6 % |
| 2022 | 5,250 €/m² | +6.1 % |
| 2023 | 5,320 €/m² | +1.3 % |
| 2024 | 5,400 €/m² | +1.5 % |
| 2025 | 5,450 €/m² | +0.9 % |
Current average rent per m² in Erlangen: 13.90 €/m²
Rents in Erlangen 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 |
|---|---|---|
| 2016 | 9.80 €/m² | – |
| 2017 | 10.20 €/m² | +4.1 % |
| 2018 | 10.70 €/m² | +4.9 % |
| 2019 | 11.20 €/m² | +4.7 % |
| 2020 | 11.70 €/m² | +4.5 % |
| 2021 | 12.30 €/m² | +5.1 % |
| 2022 | 12.90 €/m² | +4.9 % |
| 2023 | 13.20 €/m² | +2.3 % |
| 2024 | 13.50 €/m² | +2.3 % |
| 2025 | 13.90 €/m² | +3 % |
Current average land value per m² in Erlangen: 1,150 €/m²
The land value in Erlangen 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 |
|---|---|---|
| 2016 | 620 €/m² | – |
| 2017 | 670 €/m² | +8.1 % |
| 2018 | 740 €/m² | +10.4 % |
| 2019 | 810 €/m² | +9.5 % |
| 2020 | 890 €/m² | +9.9 % |
| 2021 | 980 €/m² | +10.1 % |
| 2022 | 1,060 €/m² | +8.2 % |
| 2023 | 1,110 €/m² | +4.7 % |
| 2024 | 1,130 €/m² | +1.8 % |
| 2025 | 1,150 €/m² | +1.8 % |
The real estate market in Erlangen can generally be classified as a robust, demand-driven market with a rather tight supply. For buyers, this means: good properties in central or well-connected locations continue to be in high demand, while properties in need of renovation are viewed with greater price differentiation. Sellers generally benefit from the high quality of the location, but since 2023, they have had to expect a more selective buyer side, as financing costs and energy requirements are increasingly influencing purchasing decisions. The market thus shows the characteristics of a seller's market in good locations and a more balanced market for older properties with a need for modernisation. Demand is driven by the university, the clinic, the research and technology sector, and the proximity to the Nuremberg-Fürth metropolitan area. This supports both the market for buying houses in Erlangen and buying apartments in Erlangen. For capital investors, Erlangen remains attractive because vacancy rates are low and tenant groups are broadly diversified. The gross rental yield range is usually between 2.5 % and 4.0 % gross, depending on the quality and location of the property; for smaller apartments in sought-after locations, it can be at the upper end, while high-quality new builds often have lower initial yields. Overall, property prices in Erlangen suggest a long-term stable market with limited downside potential, but also with a consistently high entry price level.
Anyone wishing to soundly classify the market in Erlangen within the Bavarian market, with its strong links to Munich, should take a look at the multi-year price development. For detached and terraced houses in Erlangen, the average purchase price moved from 3,850 €/m² in 2016 to the current 5,950 €/m² (2025) — a total change of +54.5 % over 9 years, which corresponds to an average value increase of +5.0 % p.a. Condominiums in Erlangen started at around 3,600 €/m² in 2016 and are now at 5,450 €/m² (+51.4 % over 9 years, Ø +4.7 % p.a.). They are therefore often suitable as an entry into home ownership or as a capital investment with a manageable ticket size. The average net cold rent in Erlangen developed from 9.80 €/m² (2016) to the current 13.90 €/m² — +41.8 % over 9 years or Ø +4.0 % p.a. For landlords, the continuous rent increase ensures a predictable adjustment to inflation and operating costs. The standard land value in Erlangen rose from 620 €/m² (2016) to the current 1,150 €/m² (+85.5 % in 9 years) — an essential indicator of the structural location quality and local demand for building land. Based on current values, a rented condominium in Erlangen yields a calculated gross rental yield of around 3.1 % — without taking into account vacancy, maintenance, and ancillary purchase costs. Experience shows that realistic net yields are 0.8 to 1.5 percentage points lower. With around 115,000 inhabitants, Erlangen is a manageable market size — which means: well-priced, well-prepared properties are usually sold quickly, while overpriced offers stay on the market longer and lose negotiating room. For owners in Erlangen who are 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 the micro-location, energy efficiency, and property substance. FREITAG® provides this valuation free of charge and without obligation.
Rental yield range (approx.): 3 – 5 % 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 Erlangen compared to the median of all municipalities in Bayern.
| Key figure | Erlangen | Bayern (Median) | Difference |
|---|---|---|---|
| Houses Ø | 5,950 €/m² | 3,650 €/m² | +63 % |
| Flats Ø | 5,450 €/m² | 3,850 €/m² | +41.6 % |
| Rents Ø | 13.90 €/m² | 9.80 €/m² | +41.8 % |
Annual average values for purchase prices (houses & flats) and rents in Erlangen, each including the change compared to the previous year.
| Year | Houses Avg/m² | YoY | Flats Avg/m² | YoY | Rent Avg/m² | YoY |
|---|---|---|---|---|---|---|
| 2016 | 3,850 €/m² | – | 3,600 €/m² | – | 9.80 €/m² | – |
| 2017 | 4,050 €/m² | +5.2 % | 3,800 €/m² | +5.6 % | 10.20 €/m² | +4.1 % |
| 2018 | 4,300 €/m² | +6.2 % | 4,050 €/m² | +6.6 % | 10.70 €/m² | +4.9 % |
| 2019 | 4,550 €/m² | +5.8 % | 4,300 €/m² | +6.2 % | 11.20 €/m² | +4.7 % |
| 2020 | 4,850 €/m² | +6.6 % | 4,600 €/m² | +7 % | 11.70 €/m² | +4.5 % |
| 2021 | 5,250 €/m² | +8.2 % | 4,950 €/m² | +7.6 % | 12.30 €/m² | +5.1 % |
| 2022 | 5,650 €/m² | +7.6 % | 5,250 €/m² | +6.1 % | 12.90 €/m² | +4.9 % |
| 2023 | 5,780 €/m² | +2.3 % | 5,320 €/m² | +1.3 % | 13.20 €/m² | +2.3 % |
| 2024 | 5,900 €/m² | +2.1 % | 5,400 €/m² | +1.5 % | 13.50 €/m² | +2.3 % |
| 2025 | 5,950 €/m² | +0.8 % | 5,450 €/m² | +0.9 % | 13.90 €/m² | +3 % |
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 Erlangen — concisely answered.
Property annuity (Immobilienverrentung) in Erlangen means: You transfer ownership, but retain the right of use. Four options are available — Usufruct (Nießbrauch) (most extensive rights, including letting), Right of abode (personal use), Life annuity (monthly payment instead of a lump sum) and Sale-and-leaseback (sale at full price, followed by a rental agreement).
Which option is suitable depends on your age, health status, inheritance situation and the current market value of your property in Erlangen. These factors directly influence the valuation — therefore, we do not make blanket promises regarding the achievable amount.
The initial consultation is free and without obligation. Upon request, we will involve relatives, tax advisors or notaries from the outset, so that the solution is also sustainable within the family in Erlangen.
For many businesses, capital is tied up in Erlangen 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 Erlangen. We structure these points so that the sales proceeds and the subsequent rental burden are in a reasonable relationship.
Whether a country inn, city café, hotel garni, or boarding house with an annex — for hospitality and accommodation properties in Erlangen there is a specific, manageable circle of buyers. We have known and cultivated this circle for years, instead of advertising widely.
Often, leasing is the calmer path: you retain the property in Erlangen your portfolio, hand over operational management, and receive ongoing income. We check the concept and creditworthiness of the tenant before the contract is concluded.
If the property is vacant or no longer profitable to operate, we examine repurposing — for example, into residential space, a boarding house, or practice premises. What is Erlangen legally permissible under building law, we clarify before marketing.
Managing Director of FREITAG® Beteiligungsgesellschaft mbH
Gerhard Hahn has been appraising and brokering real estate in Bavaria and Southern Germany for more than three decades. His focus is on properties that are not publicly advertised, and on constellations where multiple owners need to find a common solution.
Especially in a location like Erlangen, discretion is crucial. For over 30 years, Gerhard Hahn has primarily marketed off-market — without signs, without portals, without unnecessary external exposure. Personal appointments in Erlangen are an integral part of every mandate for Gerhard Hahn — no remote diagnosis, no templates.
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 company with deep regional roots in the greater Erlangen-Fürth-Nürnberg area, operating successfully since the 1980s. Specialising in the brokerage of detached and multi-family homes, semi-detached and terraced houses, condominiums, and building plots in Erlangen and the surrounding area. Offers systematic marketing and comprehensive support for property owners.
Visit websiteFamily-run estate agency with over 20 years of experience in the Erlangen property market, specialising in the sale of condominiums and detached houses. A reliable partner with consistently positive reviews and strong regional expertise in Erlangen.
Family business with over 40 years of tradition in the Erlangen property market, brokering houses, apartments, plots, and commercial properties. Places great importance on personal consultation in the Erlangen, Nürnberg, and Fürth region.
Visit websiteExperienced estate agent and property developer in Erlangen and the surrounding area with a strong network in the Franconian region. Specialising in residential and commercial properties as well as exceptional projects.
Visit websiteSpecialist for sophisticated properties in Erlangen, Forchheim, and Bamberg, offering professional valuation, targeted marketing, and secret sales. Focuses on the brokerage and valuation of high-quality properties with first-class support.
Visit websiteHighly rated estate agency in Erlangen-Ost with excellent professional expertise and comprehensive support. Specialising in property sales with friendly communication and high customer satisfaction.
Are you looking for a real estate agent not directly in Erlangen, but in the surrounding area? FREITAG® also serves the following municipalities in Bavaria 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 Erlangen (Ø 5,950 €/m²) — ideal for an honest market comparison and alternative location assessments.
Erlangen is located in a border region — many of our clients compare locations across countries. These municipalities in neighbouring countries offer similar location qualities and are often the closest alternative:
From measurements and the energy performance certificate to buyer selection: We fully prepare your house before it goes on the market — and conduct negotiations up to notarisation.
Whether rented or vacant: We assess which buyer group is realistic for your flat, and consistently align the exposé, price, and approach accordingly.
We clarify the development plan, development status, and suspected contamination in advance — this prevents price reductions during negotiations.
Valuation based on the income approach (Ertragswert), review of rental agreements, and targeted approach to portfolio holders and family offices — without public advertising.
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.
Sell and stay living in your home: We compare the four common models based on your situation and clearly state the disadvantages as well as the advantages.
For inheritance disputes, divorce, banks or sales — a reliable valuation that stands up to scrutiny from third parties.
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
According to a report, the city of Erlangen is recording a sharp decline in the construction of new homes. According to calculations by the Pestel Institute, this also has an economic impact because the Erlangen location is losing revenue as a result.
The CityReport Erlangen 2025 describes a stable residential property market with slightly rising existing values. In the new construction segment, prices remain high, while high construction costs make cost-effective projects difficult.
The Housing Report 2024 of the city of Erlangen shows that only 283 apartments were completed in 2023. At the same time, the total stock is estimated at 67,095 apartments, which illustrates the ongoing pressure on the housing market.
The City Hall Report of the city of Erlangen describes a still active housing market with a high proportion of multi-story residential construction. In addition, the quotas for subsidized rental housing and home ownership construction have been adjusted for new projects.
The CityReport Erlangen 2024 shows that supply and demand in the residential property market continue to fail to meet. New construction projects in particular remain in low demand due to the high price level and construction costs.
In Erlangen, new living space is being created in the Gebbert-Carree with 23 subsidized and 41 privately financed apartments. The project is an example of inner-city densification and the creation of living space.
The city of Erlangen wants to present its own master plan for further development. The city council has initiated a discussion on future urban development and housing construction for this purpose.
