Over 15 years of experience in Munich, Bavaria & the surrounding area. Commission the best real estate agents for your property in Pennewitz.
Between the decision to sell and the notary appointment in Pennewitz, there are usually several months of work: gathering documents, reliably determining the value, finding the right buyer group, negotiating. We take over these steps completely and keep you informed of every interim status.
A significant proportion of properties in Pennewitz change owners before an advertisement is placed. Those with a registered search profile are on the list the moment an owner commissions us. You describe once what you are looking for — location, size, budget, condition — and you will only hear from us when it truly matches.
Personally by Gerhard Hahn · FREITAG® Immobilien GmbH
Over 30 years of experience as a real estate specialist
Firstly: an honest valuation of your property in Pennewitz — based on actual comparable sales, not on aspirational prices. Secondly: a clear, written marketing concept before you sign. Thirdly: personal availability of Gerhard Hahn himself — not of changing assistants.
»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 Pennewitz 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 Pennewitz, 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 Pennewitz.
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 Pennewitz – discreetly, without obligation, and at an appointment time that suits you.
Below you will find a clear presentation of current purchase prices, rents, and land values in Pennewitz. The data is based on publicly available statistics and valuation committee analyses — as a basis for decision-making for owners, buyers, and investors.
Current average purchase price per m² for houses in Pennewitz: 1,820 €/m²
House prices in Pennewitz 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 |
|---|---|---|
| 2017 | 1,250 €/m² | – |
| 2018 | 1,320 €/m² | +5.6 % |
| 2019 | 1,410 €/m² | +6.8 % |
| 2020 | 1,520 €/m² | +7.8 % |
| 2021 | 1,660 €/m² | +9.2 % |
| 2022 | 1,820 €/m² | +9.6 % |
| 2023 | 1,790 €/m² | -1.6 % |
| 2024 | 1,760 €/m² | -1.7 % |
| 2025 | 1,820 €/m² | +3.4 % |
Current average purchase price per m² for apartments in Pennewitz: 1,980 €/m²
Apartments in Pennewitz 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 |
|---|---|---|
| 2017 | 1,360 €/m² | – |
| 2018 | 1,430 €/m² | +5.1 % |
| 2019 | 1,520 €/m² | +6.3 % |
| 2020 | 1,640 €/m² | +7.9 % |
| 2021 | 1,780 €/m² | +8.5 % |
| 2022 | 1,950 €/m² | +9.6 % |
| 2023 | 1,930 €/m² | -1 % |
| 2024 | 1,910 €/m² | -1 % |
| 2025 | 1,980 €/m² | +3.7 % |
Current average rent per m² in Pennewitz: 6.90 €/m²
Rents in Pennewitz 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 |
|---|---|---|
| 2017 | 5.20 €/m² | – |
| 2018 | 5.35 €/m² | +2.9 % |
| 2019 | 5.55 €/m² | +3.7 % |
| 2020 | 5.75 €/m² | +3.6 % |
| 2021 | 6.00 €/m² | +4.3 % |
| 2022 | 6.30 €/m² | +5 % |
| 2023 | 6.45 €/m² | +2.4 % |
| 2024 | 6.55 €/m² | +1.6 % |
| 2025 | 6.90 €/m² | +5.3 % |
Current average land value per m² in Pennewitz: 95 €/m²
The land value in Pennewitz 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 |
|---|---|---|
| 2017 | 55 €/m² | – |
| 2018 | 60 €/m² | +9.1 % |
| 2019 | 66 €/m² | +10 % |
| 2020 | 72 €/m² | +9.1 % |
| 2021 | 80 €/m² | +11.1 % |
| 2022 | 90 €/m² | +12.5 % |
| 2023 | 93 €/m² | +3.3 % |
| 2024 | 94 €/m² | +1.1 % |
| 2025 | 95 €/m² | +1.1 % |
The real estate market in Pennewitz is clearly characterised by a small, illiquid sub-market. This means there are few transactions, and individual properties can influence pricing to an above-average extent. Overall, the market is best classified as a buyer's market with selective demand, even if well-located and modernised properties continue to find interested parties quickly. The main arguments for buying a house in Pennewitz are the quiet residential location, the proximity to Ilmenau, and the moderate entry prices compared to urban markets. For apartments, demand is more focused on owner-occupiers and smaller investors, while larger institutional investors are more cautious due to the limited market breadth. Attractiveness for investors depends primarily on lettability, the state of modernisation, and realistic purchase prices. A rental yield range of approximately 3.8% to 5.2% can be assumed; for affordable existing properties with solid tenancy, slightly higher values are possible, while high-quality properties usually show lower initial yields. Overall, real estate prices in Pennewitz show a stable but not dynamic development with limited upside potential and good predictability for long-term oriented buyers.
The data from recent years paints a clear picture of price movements for Pennewitz within the Thuringian market, which benefits from good supra-regional connections. For detached and terraced houses in Pennewitz, the average purchase price moved from 1,250 €/m² in 2017 to currently 1,820 €/m² (2025) — a total change of +45.6% over 8 years, which corresponds to an average value increase of +4.8% p.a. Condominiums in Pennewitz started at around 1,360 €/m² in 2017 and are now at 1,980 €/m² (+45.6% over 8 years, Ø +4.8% p.a.). They are therefore often suitable as an entry point into home ownership or as an investment with a manageable ticket size. The average net cold rent in Pennewitz developed from 5.20 €/m² (2017) to currently 6.90 €/m² — +32.7% over 8 years or Ø +3.6% p.a. For landlords, the continuous rent increase ensures a predictable adjustment to inflation and operating costs. The standard land value in Pennewitz rose from 55 €/m² (2017) to currently 95 €/m² (+72.7% in 8 years) — a key indicator of the structural location quality and local demand for building land. Based on current values, a rented condominium in Pennewitz yields a calculated gross rental yield of around 4.2% — 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. For owners in Pennewitz considering a sale or letting, an individual, data-based valuation is the most important first step — it replaces estimates from online calculators that cannot account for micro-location, energy efficiency, and property substance. FREITAG® provides this valuation free of charge and without obligation.
Rental yield range (approx.): 3.8 – 5.2 % 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 Pennewitz compared to the median of all municipalities in Thüringen.
| Key figure | Pennewitz | Thüringen (Median) | Difference |
|---|---|---|---|
| Houses Ø | 1,820 €/m² | 1,780 €/m² | +2.2 % |
| Flats Ø | 1,980 €/m² | 1,640 €/m² | +20.7 % |
| Rents Ø | 6.90 €/m² | 6.90 €/m² | 0 % |
Annual average values for purchase prices (houses & flats) and rents in Pennewitz, each including the change compared to the previous year.
| Year | Houses Avg/m² | YoY | Flats Avg/m² | YoY | Rent Avg/m² | YoY |
|---|---|---|---|---|---|---|
| 2017 | 1,250 €/m² | – | 1,360 €/m² | – | 5.20 €/m² | – |
| 2018 | 1,320 €/m² | +5.6 % | 1,430 €/m² | +5.1 % | 5.35 €/m² | +2.9 % |
| 2019 | 1,410 €/m² | +6.8 % | 1,520 €/m² | +6.3 % | 5.55 €/m² | +3.7 % |
| 2020 | 1,520 €/m² | +7.8 % | 1,640 €/m² | +7.9 % | 5.75 €/m² | +3.6 % |
| 2021 | 1,660 €/m² | +9.2 % | 1,780 €/m² | +8.5 % | 6.00 €/m² | +4.3 % |
| 2022 | 1,820 €/m² | +9.6 % | 1,950 €/m² | +9.6 % | 6.30 €/m² | +5 % |
| 2023 | 1,790 €/m² | -1.6 % | 1,930 €/m² | -1 % | 6.45 €/m² | +2.4 % |
| 2024 | 1,760 €/m² | -1.7 % | 1,910 €/m² | -1 % | 6.55 €/m² | +1.6 % |
| 2025 | 1,820 €/m² | +3.4 % | 1,980 €/m² | +3.7 % | 6.90 €/m² | +5.3 % |
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 Pennewitz — concisely answered.
Property annuity (Immobilienverrentung) in Pennewitz 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 Pennewitz. 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 Pennewitz.
Entrepreneurs in Pennewitz who wish to sell their commercial property and lease it back use Sale & Lease-Back: They sell office buildings, warehouses or practice premises to an investor, receive liquidity for growth or consolidation, and lease the property back long-term. The location in Pennewitz remains unchanged.
FREITAG® accompanies the entire process: value-based valuation, selection of qualified investors, contract drafting with clear lease-back conditions — including options for repurchase and flexible terms.
We check free of charge whether your commercial property in Pennewitz is suitable for a Sale & Lease-Back and obtain transparent offers — without obligation and without hidden costs.
Owners of hotels and restaurants in Pennewitz 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 Pennewitz 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 Pennewitz the right strategy.
Managing Director of FREITAG® Beteiligungsgesellschaft mbH
For over 30 years, Gerhard Hahn has been active as a real estate appraiser, real estate consultant, and real estate agent in Bavaria and Southern Germany — focusing on high-quality residential property, off-market marketing, and the discreet support of owners, communities of heirs, and family offices.
Gerhard Hahn knows the price structures, location qualities, and buyer demographics in Pennewitz from over three decades of personal brokerage experience. Personal appointments in Pennewitz 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.
Tim Schöne is your estate agent in Ilmenau and throughout the Ilm-Kreis district in Thuringia, including Pennewitz. Specialising in the sale of residential and commercial properties in the region.
Visit websiteLocal estate agent in Thuringia with a focus on property sales in the Ilm-Kreis region, including Pennewitz. Offers personal advice and comprehensive knowledge of the local market.
Visit websiteActive with property listings in Pennewitz (98694), Ilm-Kreis, such as apartments for sale. Specialising in the local residential property market in Thuringia.
Visit websiteOne of the best-rated estate agents in Ilm-Kreis, active in the region around Pennewitz. Recommended for house and apartment sales.
Visit websiteTop-rated estate agent in Ilm-Kreis, suitable for the sale of residential properties in Pennewitz and the surrounding area.
Visit websiteEstate agent near Pennewitz in the Ilm-Kreis district, active on ImmoScout24 with a high rating. Specialising in local residential properties.
Visit websiteAre you looking for a real estate agent not directly in Pennewitz, but in the surrounding area? FREITAG® also serves the following municipalities in Thuringia 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 Pennewitz (Ø 1,820 €/m²) — ideal for an honest market comparison and alternative location assessments.
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.
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.
Office, practice, warehouse, hotel, or gastronomy — discreet marketing with a sound valuation and personal support until completion.
The right rental price determines whether a property stands vacant or has long-term tenants. We set it at a market-appropriate level and pre-filter interested parties, instead of holding mass viewings.
From defining the ancillary costs arrangement to the handover: We structure the letting of your house in such a way that no disputes arise later.
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.
Understandable valuation as a basis for sale or letting — carried out by certified experts with regional market knowledge.
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 | Thüringen |
| District | Ilm-Kreis |
| Postcode | 98694 |
Quellen: Wikipedia (accessed on 2026-05-08)
The project concerns the construction of the Gehren–Pennewitz bypass, an infrastructure project directly related to Pennewitz. The entry describes the project as a 4.4-kilometer-long new road in Thuringia, intended to improve the connection between the A 71, Ilmenau, and Neuhaus am Rennweg. However, this is not a classic news article, but rather a project overview.
The result is a real estate listing for a property in Pennewitz measuring 650 square meters with a purchase price of 325,000 euros. While the content relates to the topic of real estate, it is not an editorial news article.
