Over 15 years of experience in Munich, Bavaria & the surrounding area. Commission the best real estate agents for your property in Penzberg.
Selling a property is a far-reaching decision. As experienced real estate agents, we support owners in Penzberg with a clear structure, sound market knowledge, and a marketing strategy tailored to the specific property. Whether it's a house sale, apartment sale, land sale, or letting — we stand for clean processes and targeted mediation of your property.
A significant proportion of properties in Penzberg 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
You receive a fixed schedule: valuation, documents, exposé, buyer approach, viewings, negotiation, notary. Each step with clear responsibility and realistic timelines. This way, every owner in Penzberg knows at all times where we stand — and what comes next.
»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 Penzberg 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 Penzberg, 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 Penzberg.
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 Penzberg – discreetly, without obligation, and at an appointment time that suits you.
Market data for Penzberg 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.
Penzberg is a small town in the Upper Bavarian district of Weilheim-Schongau, situated approximately 50 kilometres south of Munich. The town lies in the Bavarian pre-Alpine landscape between Eurasburg and Kochel, bordered by the Loisach river to the south and east. To the northwest are the Starnberger See and the Osterseen, and Penzberg shares borders with municipalities including Münsing, Eurasburg, and Königsdorf. The town, now shaped by Roche Diagnostics, is located in a region formerly characterised by mining. This unique combination of historical context and natural surroundings may hold a particular appeal for property buyers or owners.
Source for local facts: Wikipedia
Current average purchase price per m² for houses in Penzberg: 6,250 €/m²
House prices in Penzberg 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 | 3,850 €/m² | – |
| 2016 | 4,050 €/m² | +5.2 % |
| 2017 | 4,320 €/m² | +6.7 % |
| 2018 | 4,650 €/m² | +7.6 % |
| 2019 | 4,980 €/m² | +7.1 % |
| 2020 | 5,320 €/m² | +6.8 % |
| 2021 | 5,780 €/m² | +8.6 % |
| 2022 | 6,120 €/m² | +5.9 % |
| 2023 | 6,050 €/m² | -1.1 % |
| 2024 | 6,250 €/m² | +3.3 % |
Current average purchase price per m² for apartments in Penzberg: 5,850 €/m²
Apartments in Penzberg 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 | 3,600 €/m² | – |
| 2016 | 3,780 €/m² | +5 % |
| 2017 | 4,020 €/m² | +6.3 % |
| 2018 | 4,320 €/m² | +7.5 % |
| 2019 | 4,620 €/m² | +6.9 % |
| 2020 | 4,950 €/m² | +7.1 % |
| 2021 | 5,320 €/m² | +7.5 % |
| 2022 | 5,720 €/m² | +7.5 % |
| 2023 | 5,680 €/m² | -0.7 % |
| 2024 | 5,850 €/m² | +3 % |
Current average rent per m² in Penzberg: 14.80 €/m²
Rents in Penzberg 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 | 9.20 €/m² | – |
| 2016 | 9.50 €/m² | +3.3 % |
| 2017 | 9.90 €/m² | +4.2 % |
| 2018 | 10.40 €/m² | +5.1 % |
| 2019 | 10.90 €/m² | +4.8 % |
| 2020 | 11.40 €/m² | +4.6 % |
| 2021 | 12.10 €/m² | +6.1 % |
| 2022 | 13.00 €/m² | +7.4 % |
| 2023 | 13.80 €/m² | +6.2 % |
| 2024 | 14.80 €/m² | +7.2 % |
Current average land value per m² in Penzberg: 1,050 €/m²
The land value in Penzberg 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 | 520 €/m² | – |
| 2016 | 560 €/m² | +7.7 % |
| 2017 | 610 €/m² | +8.9 % |
| 2018 | 680 €/m² | +11.5 % |
| 2019 | 760 €/m² | +11.8 % |
| 2020 | 840 €/m² | +10.5 % |
| 2021 | 930 €/m² | +10.7 % |
| 2022 | 1,020 €/m² | +9.7 % |
| 2023 | 1,030 €/m² | +1 % |
| 2024 | 1,050 €/m² | +1.9 % |
The real estate market in Penzberg can generally be classified as a rather tight, demand-driven market. For buyers, this means that good properties continue to be in high demand, particularly energy-efficient houses and well-laid-out apartments in attractive residential areas. Sellers are still in a comparatively strong position in many segments, even if the phase of very dynamic price increases has come to an end for the time being. Since 2023, the market has shown signs of stabilisation without a significant price decline taking hold. Demand is supported by the local economic base, proximity to important workplaces, and its location in the Munich catchment area. For investors, Penzberg remains interesting because the lettability is solid and rents in relation to purchase prices still allow for a viable yield. Depending on the property quality, micro-location, and state of modernisation, the rough gross rental yield range is currently mostly between approximately 2.6% and 3.6%. Especially for apartments with good lettability and moderate purchase prices, the ratio of purchase price to rent can be attractive, while yields for houses are typically lower. Overall, property prices in Penzberg point to a market with high fundamental stability but limited short-term appreciation potential.
Anyone wishing to soundly classify the market in Penzberg within the Bavarian market and its strong connection to Munich should take a look at the multi-year price development. For detached and terraced houses in Penzberg, the average purchase price moved from 3,850 €/m² in 2015 to currently 6,250 €/m² (2024) — a total change of +62.3% over 9 years, which corresponds to an average value increase of +5.5% p.a. Condominiums in Penzberg started at around 3,600 €/m² in 2015 and are now at 5,850 €/m² (+62.5% over 9 years, Ø +5.5% 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 Penzberg developed from 9.20 €/m² (2015) to currently 14.80 €/m² — +60.9% over 9 years or Ø +5.4% p.a. For landlords, the continuous rent increase ensures a predictable adjustment to inflation and operating costs. The standard land value in Penzberg rose from 520 €/m² (2015) to currently 1,050 €/m² (+101.9% 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 Penzberg results in a calculated gross rental yield of around 3.0% — without taking into account vacancies, maintenance, and ancillary purchase costs. Experience shows that realistic net yields are 0.8 to 1.5 percentage points lower. With around 17,000 inhabitants, Penzberg is a manageable market size — which means that well-prepared properties priced in line with the market are usually sold or let quickly, while overpriced offers remain on the market longer and lose room for negotiation. For owners in Penzberg considering a sale or letting, an individual, data-based valuation is the most important first step — it replaces estimates from online calculators, which cannot reflect micro-location, energy efficiency, and property substance. FREITAG® provides this valuation free of charge and without obligation.
Rental yield range (approx.): 2.6 – 3.6 % 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 Penzberg compared to the median of all municipalities in Bayern.
| Key figure | Penzberg | Bayern (Median) | Difference |
|---|---|---|---|
| Houses Ø | 6,250 €/m² | 3,650 €/m² | +71.2 % |
| Flats Ø | 5,850 €/m² | 3,850 €/m² | +51.9 % |
| Rents Ø | 14.80 €/m² | 9.80 €/m² | +51 % |
Annual average values for purchase prices (houses & flats) and rents in Penzberg, each including the change compared to the previous year.
| Year | Houses Avg/m² | YoY | Flats Avg/m² | YoY | Rent Avg/m² | YoY |
|---|---|---|---|---|---|---|
| 2015 | 3,850 €/m² | – | 3,600 €/m² | – | 9.20 €/m² | – |
| 2016 | 4,050 €/m² | +5.2 % | 3,780 €/m² | +5 % | 9.50 €/m² | +3.3 % |
| 2017 | 4,320 €/m² | +6.7 % | 4,020 €/m² | +6.3 % | 9.90 €/m² | +4.2 % |
| 2018 | 4,650 €/m² | +7.6 % | 4,320 €/m² | +7.5 % | 10.40 €/m² | +5.1 % |
| 2019 | 4,980 €/m² | +7.1 % | 4,620 €/m² | +6.9 % | 10.90 €/m² | +4.8 % |
| 2020 | 5,320 €/m² | +6.8 % | 4,950 €/m² | +7.1 % | 11.40 €/m² | +4.6 % |
| 2021 | 5,780 €/m² | +8.6 % | 5,320 €/m² | +7.5 % | 12.10 €/m² | +6.1 % |
| 2022 | 6,120 €/m² | +5.9 % | 5,720 €/m² | +7.5 % | 13.00 €/m² | +7.4 % |
| 2023 | 6,050 €/m² | -1.1 % | 5,680 €/m² | -0.7 % | 13.80 €/m² | +6.2 % |
| 2024 | 6,250 €/m² | +3.3 % | 5,850 €/m² | +3 % | 14.80 €/m² | +7.2 % |
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 Penzberg — concisely answered.
Many owners in Penzberg 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 Penzberg 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 Penzberg 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 Penzberg. We structure these points so that the sales proceeds and the subsequent rental burden are in a reasonable relationship.
Hospitality properties in Penzberg are valued differently from residential properties: Key factors are turnover, contribution margin, seating capacity, kitchen technology, licences, and whether the business can function without the previous owner. We value based on the earnings approach and openly state which portions are attributable to the property, inventory, and goodwill.
Marketing is conducted discreetly. A publicly visible sales offer unsettles staff, regular customers, and suppliers in Penzberg — therefore, we approach interested parties specifically and under a confidentiality agreement.
Whether selling, leasing, or handing over to a successor within the family: We structure the path that suits the situation of your business in Penzberg , and accompany you until the notary or lease agreement appointment.
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 Penzberg wish to sell without neighbours, tenants, or employees finding out. Gerhard Hahn has been providing precisely this discreet approach for over 30 years. Personal appointments in Penzberg 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.
Active in the real estate industry since 1975 with many years of experience and strong regional ties. Specialising in the sale, letting, and search for properties in Penzberg and the surrounding area. Also offers property development, project development, and property management services.
Visit websiteCompetent real estate agent for Penzberg and the surrounding area with a long company history following the acquisition of the oldest and largest specialist estate agency in Penzberg. Specialising in the sale, letting, and management of properties and land.
Visit websiteReal estate expert in the Oberland region with a focus on sales, lettings, valuations, and financing. Supports buyers and sellers in Penzberg with transparent and secure advice throughout the entire property process.
Visit websiteReal estate agent in Penzberg and the surrounding area offering personal advice and professional marketing. Specialising in houses and apartments with individual customer support.
Visit websiteInternational real estate agent with a local presence in Penzberg. Offers sales, valuations, purchasing, and consultancy services with local market knowledge and personalised service.
Visit websiteAre you looking for a real estate agent not directly in Penzberg, 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 Penzberg (Ø 6,250 €/m²) — ideal for an honest market comparison and alternative location assessments.
Penzberg 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:
Plot layout, building fabric, maintenance backlog, and neighbourhood determine the price. We objectively assess these points and align the marketing accordingly.
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.
We clarify the development plan, development status, and suspected contamination in advance — this prevents price reductions during negotiations.
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.
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.
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.
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
The page shows apartments for sale in Penzberg and mentions a new residential complex with an underground garage in a good location. This result is also a market or offer listing and not an editorial news piece.
Meinestadt.de lists new-build apartments in Penzberg with several results. The result shows available offers in the municipality, but is also more of a real estate directory than a news item.
The portal lists apartments for sale in Penzberg and refers to new construction projects or new-build apartments in the municipality. It is a real estate offer with a local connection, not a classic news article.
The city of Penzberg is starting the application process for the first apartments in the "An den Eichen" residential area. Four rows of houses with a total of 149 apartments are planned, which are intended to be affordable and barrier-free. The article also mentions a rental price of 12.50 euros per square meter cold.
Average prices for rental apartments in Penzberg are shown here. The article offers a market overview of current real estate prices in the municipality.
The article shows current average prices for condominiums in Penzberg. It mentions price per square meter for various apartment sizes as well as a comparison with Bavaria and Germany.
A topping-out ceremony was celebrated in Penzberg for the city's largest and most expensive housing project. The city is building 149 municipally subsidized apartments on an area between Wölfl- and Birkenstraße. The complex was to be completed in sections by 2024.
"Penzberg 2.0" describes the Birkenstraße development area as a mammoth project in which the city, according to the mayor, intends to invest a total of around 50 million euros plus X. The article classifies the project as an important step for affordable housing and urban development.
For long-term rental, we are looking for a farmhouse / country house in Duisburg, from 190 m². Unlimited lease preferred.
For long-term rental, we are looking for a farmhouse / country house in Duisburg, from 190 m². Unlimited lease preferred.
Seeking holiday property in the Munich area. Energy performance should be verifiably documented, parking space advantageous.
Seeking holiday property in the Munich area. Energy performance should be verifiably documented, parking space advantageous.
