FREITAG® Immobilien

Real Estate Agent
for Penzing

Over 15 years of experience in Munich, Bavaria & the surrounding area. Commission the best real estate agents for your property in Penzing.

Average Rental Yield in Penzing: 2.79 %Calculated as the average over the last 10 years based on publicly available market statistics and the evaluations of the Expert Committee (Gutachterausschuss) for Penzing.
⌀ Value growth in Penzing: +4.48 %Calculated as the average of the last 10 years based on publicly available market statistics and the evaluations of the Expert Committee (Gutachterausschuss) for Penzing.
Your local partner

FREITAG® Immobilien in Penzing — for a successful sale of your property

Anyone selling or letting a property in Penzing 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.

Over 15 years of experience in the Munich surrounding area
Sound valuation by certified appraisers
Structured marketing instead of a standard listing
Internal bidding process upon request
Personal support up to the notary appointment
Clear communication and transparent processes

Prospective buyers for Penzing: Register your search profile instead of searching portals

Instead of searching portals daily, we reverse the process: you register your profile for Penzing, 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.

We will personally drive to you in Penzing

Gerhard Hahn — personal consultation promise for Penzing
Consultation Promise · Penzing

Clear agreements before every sale in Penzing

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 Penzing. No verbal promises, no open points, no surprises during the process. Gerhard Hahn will discuss these points personally with you — before anything is signed.

Client Testimonials

What our clients say

»Competent and trustworthy, absolutely perfect«
Beate Utke
Apartment sale in Munich
»Mr Freitag successfully sold my company mudis and completely surprised me with the sale price. I am still absolutely thrilled!«
Alexandra Kagerbauer
Company sale
»FREITAG® Immobilien helped us quickly and professionally with a financially very urgent matter. Many thanks again for that!«
Rudolf Renner GmbH
Commercial property
Real estate agent Penzing
Michael Freitag
Founder of FREITAG® Immobilien GmbH
Over 15 years of experience in Bavaria & surrounding areas
Your local agent

Real estate agent in Penzing with over 15 years of experience

Anyone looking for an experienced real estate agent in Penzing 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 Penzing, we support owners, communities of heirs, capital investors, and landlords in all phases of real estate brokerage — with clear processes and transparent advice.

Personal consultation
Insight

Our headquarters in Munich

Personal, discreet, with over 15 years of market knowledge – your real estate agent for Penzing.

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 Penzing – discreetly, without obligation, and at an appointment time that suits you.

Market data

Real estate market in Penzing 2026

Market data as of: May 2026

The following figures show how purchase prices, rents, and land values have developed in Penzing. These are average values for the entire location — the location, year of construction, and condition of a specific property can deviate significantly from these.

Location & living in Penzing

Penzing is a municipality in the Landsberg am Lech district, with its main town situated five kilometers northeast of Landsberg am Lech and 13 kilometers from Lake Ammersee. The municipality comprises five districts and nine municipal parts, including Epfenhausen, Oberbergen, Penzing, Ramsach, and Untermühlhausen, which are grouped in a semicircle around its center and have a Germanic origin. The A96 motorway runs through the wooded southeast of the municipality, while the Munich, Buchloe railway line crosses the Epfenhausen district. Penzing is also known for its former air base. This blend of a rural setting and established transport links provides a robust environment for property owners and prospective buyers.

Source for local facts: Wikipedia

Brief overview: Penzing is an attractive location for owners, buyers, and tenants, as the municipality benefits from its location, accessibility, and quality of life. When marketing a property, it is important to present not only the object itself but also its surroundings in a compelling way. This includes infrastructure, residential location, transport links, local amenities, leisure value, and the general development of the Penzing location. Real estate agents in Penzing with over 15 years of experience. Anyone looking for an experienced real estate agent in Penzing expects more than just the publication of an advertisement. A realistic valuation, a suitable marketing strategy, high-quality documentation, professional communication with prospective buyers, and secure contract processing are crucial. This is exactly where we come in. As real estate agents in Penzing, we support owners with sales, lettings, and
Houses Ø/m²
4,650 €
Apartments Ø/m²
4,950 €
Rent avg/m²
11.80 €/m²
Standard land value Ø/m²
520 €

House purchase price development

Current average purchase price per m² for houses in Penzing: 4,650 €/m²

House prices in Penzing 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.

YearAvg. valueChange
20173,150 €/m²–
20183,320 €/m²+5.4 %
20193,520 €/m²+6 %
20203,760 €/m²+6.8 %
20214,050 €/m²+7.7 %
20224,420 €/m²+9.1 %
20234,300 €/m²-2.7 %
20244,380 €/m²+1.9 %
20254,520 €/m²+3.2 %
20264,650 €/m²+2.9 %

Apartment purchase price development

Current average purchase price per m² for apartments in Penzing: 4,950 €/m²

Apartments in Penzing 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.

YearAvg. valueChange
20173,400 €/m²–
20183,580 €/m²+5.3 %
20193,790 €/m²+5.9 %
20204,020 €/m²+6.1 %
20214,280 €/m²+6.5 %
20224,620 €/m²+7.9 %
20234,560 €/m²-1.3 %
20244,650 €/m²+2 %
20254,810 €/m²+3.4 %
20264,950 €/m²+2.9 %

Apartment rental price development

Current average rent per m² in Penzing: 11.80 €/m²

Rents in Penzing 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.

YearAvg. valueChange
20178.20 €/m²–
20188.50 €/m²+3.7 %
20198.85 €/m²+4.1 %
20209.25 €/m²+4.5 %
20219.70 €/m²+4.9 %
202210.25 €/m²+5.7 %
202310.55 €/m²+2.9 %
202410.85 €/m²+2.8 %
202511.30 €/m²+4.1 %
202611.80 €/m²+4.4 %

Land values & Plot prices

Current average land value per m² in Penzing: 520 €/m²

The land value in Penzing 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.

YearAvg. valueChange
2017290 €/m²–
2018315 €/m²+8.6 %
2019345 €/m²+9.5 %
2020380 €/m²+10.1 %
2021430 €/m²+13.2 %
2022500 €/m²+16.3 %
2023515 €/m²+3 %
2024510 €/m²-1 %
2025515 €/m²+1 %
2026520 €/m²+1 %

Market analysis & Classification

The real estate market in Penzing can be assessed as stable overall with a slightly selective buyer's market. While the phase of rapidly rising prices up to 2022 has been replaced by a normalization, the demand for residential property in the town and the wider surrounding area remains robust. For buyers, this means: when buying a house in Penzing or buying an apartment in Penzing, good locations, energy status, and plot size are decisive for pricing. Sellers continue to benefit from a generally tight supply but must pay closer attention to market-oriented prices than in the peak phases of previous years. For capital investors, Penzing is particularly interesting due to its solid lettability. The combination of current Penzing rental prices of around 11,80 €/m² and high purchase price levels leads to a rough gross rental yield in the range of about 2,7 % to 3,4 %, depending on the property type, condition, and micro-location. Houses are more suitable for owner-occupiers and long-term oriented buyers, while apartments are somewhat easier to calculate for investors due to broader demand and a lower entry price. Overall, the location remains attractive due to its position in the Upper Bavarian market environment, even if yield expectations are limited in view of high Penzing property prices.

Data analysis: Price development & yield

The data from recent years paints a clear picture of price movements for Penzing within the Bavarian market and its strong connection to Munich. For detached and terraced houses in Penzing, the average purchase price moved from 3.150 €/m² in 2017 to the current 4.650 €/m² (2026) — a total change of +47,6 % over 9 years, which corresponds to an average value increase of +4,4 % p.a. Condominiums in Penzing started at around 3.400 €/m² in 2017 and are now at 4.950 €/m² (+45,6 % over 9 years, Ø +4,3 % p.a.). This makes them suitable as an entry point into home ownership or as a capital investment with a manageable ticket size. The average net cold rent in Penzing developed from 8,20 €/m² (2017) to the current 11,80 €/m² — +43,9 % over 9 years or Ø +4,1 % p.a. For landlords, the continuous rent increase ensures a predictable adjustment to inflation and operating costs. The standard land value (Bodenrichtwert) in Penzing rose from 290 €/m² (2017) to the current 520 €/m² (+79,3 % 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 Penzing results in a calculated gross rental yield of around 2,9 % — 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 3.500 inhabitants, Penzing forms a limited but continuous transaction volume — which means: well-prepared properties priced in line with the market are generally sold quickly, while overpriced offers remain on the market longer and lose negotiating room. For owners in Penzing 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.): 2.7 – 3.4 % gross.

These market data are regularly updated and reviewed at least every 12 months based on current statistics and expert committee data.

Penzing compared to Bayern

Current market values in Penzing compared to the median of all municipalities in Bayern.

Key figurePenzingBayern (Median)Difference
Houses Ø4,650 €/m²3,650 €/m²+27.4 %
Flats Ø4,950 €/m²3,850 €/m²+28.6 %
Rents Ø11.80 €/m²9.80 €/m²+20.4 %

Price development in Penzing — last 10 years

Annual average values for purchase prices (houses & flats) and rents in Penzing, each including the change compared to the previous year.

YearHouses Avg/m²YoYFlats Avg/m²YoYRent Avg/m²YoY
20173,150 €/m²–3,400 €/m²–8.20 €/m²–
20183,320 €/m²+5.4 %3,580 €/m²+5.3 %8.50 €/m²+3.7 %
20193,520 €/m²+6 %3,790 €/m²+5.9 %8.85 €/m²+4.1 %
20203,760 €/m²+6.8 %4,020 €/m²+6.1 %9.25 €/m²+4.5 %
20214,050 €/m²+7.7 %4,280 €/m²+6.5 %9.70 €/m²+4.9 %
20224,420 €/m²+9.1 %4,620 €/m²+7.9 %10.25 €/m²+5.7 %
20234,300 €/m²-2.7 %4,560 €/m²-1.3 %10.55 €/m²+2.9 %
20244,380 €/m²+1.9 %4,650 €/m²+2 %10.85 €/m²+2.8 %
20254,520 €/m²+3.2 %4,810 €/m²+3.4 %11.30 €/m²+4.1 %
20264,650 €/m²+2.9 %4,950 €/m²+2.9 %11.80 €/m²+4.4 %

Source: FREITAG® Immobilien's own market research based on publicly available statistics and expert committee evaluations.

FAQ about real estate in Penzing

Frequently asked questions about buying, selling, financing, and living in Penzing — concisely answered.

🧭 Local Prices & Market in Penzing

🏡 Buying real estate in Penzing

💰 Financing & Costs in Penzing

📈 Property sales in Penzing

📍 Location & Life in Penzing

Property Annuity (Immobilienverrentung) & Usufruct in Penzing
Sell your property in Penzing and continue to live in it.

For owners in Penzing who wish to sell their property and continue to live in it, FREITAG® offers the classic property annuity (Immobilienverrentung) — via usufruct (Nießbrauch), Right of residence, Leaseback or Life annuity. You release the capital tied up in your house or condominium in Penzing and secure a right of residence registered in the land registry.

The model that is particularly in demand is Usufruct: You remain the economic owner, are in the first rank in the land registry, and can even rent out the property if needed. An owner-occupancy termination is contractually excluded for all four models.

Whether it's care costs, gifts to heirs, or a noticeably higher pension: We will check for owners in Penzing, free of charge, which model suits their life situation, and obtain offers from selected investors and foundations.

Commercial properties in Penzing
Sell a warehouse, office or practice in Penzing and continue to use it.

For production halls, office buildings, medical centres (Ärztehäuser), and logistics areas in Penzing FREITAG® brokers both classic sales and Sale & Lease-Back. Buyers include family offices, real estate funds, and private portfolio holders with a long-term horizon.

The process is discreet: contact is made off-market, without an advertisement and without a sign on the property. Employees, customers and competitors in Penzing will not know anything, as long as you don't wish it.

It starts with a reliable valuation based on the income approach (Ertragswert) — not a desired figure. Based on this, you decide whether to sell, lease back, or hold.

Gastronomy properties in Penzing
Business succession in the hospitality industry: Properties in Penzing.

Whether a country inn, city café, hotel garni, or boarding house with an annex — for hospitality and accommodation properties in Penzing 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 Penzing 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 Penzing legally permissible under building law, we clarify before marketing.

Gerhard Hahn — Managing Director FREITAG® Immobilien GmbH
Management · Your contact person for Penzing

Gerhard Hahn

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.

Why for Penzing

Many property owners in Penzing 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 Penzing are an integral part of every mandate for Gerhard Hahn — no remote diagnosis, no templates.

The best real estate agents in Penzing according to ChatGPT

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.

  1. 1
    AkuRat Immobilien
    Hubert-von-Herkomer-Straße 79, 86899 Landsberg am Lech
    Tel. 08191 6576660

    Local estate agent with a representative office in Landsberg am Lech, actively operating in Penzing and facilitating property purchases and sales. Specialising in the sale of apartments, houses, and plots of land in Penzing with current market prices up to 2025. Offers personal consultation for the property market in the region.

    Visit website
  2. 2
    Bertol Immobilien Management e.K.
    Team: Wolfgang Bertol

    Owner-managed property management company, active in Penzing with high ratings and listings for properties for sale. Specialising in residential property sales in the Landsberg am Lech district. Competent agent with a strong focus on purchases.

    Visit website
  3. 3
    Ruf Immobilien
    Team: Jürgen Ruf

    Local agent in Penzing with good ratings, specialising in the sale of residential properties in the Landsberg am Lech district. Offers professional brokerage for houses and apartments. High success rate for purchases.

    Visit website
  4. 4
    Ambiente Immobilien GbR Emrich & Bauer

    GbR-based local agent, active in Penzing with a focus on 100% residential properties for sale. Specialising in the regional market around Landsberg. High customer satisfaction through expert advice.

    Visit website
  5. 5
    Immobilien Hajek und Leonhardt
    Team: Renate Leonhardt, Axel Hajek

    Local duo estate agent team in Penzing, specialising in residential property sales and lettings in Bavaria. High follower count and good ratings for purchases and lettings. Personal service for the Penzing market.

    Visit website
  6. 6
    Riesemann Immobilien GmbH

    Active with listings for houses in Penzing on Immowelt, specialising in the sale of detached houses and residential properties. Serves the market in the Landsberg am Lech district. Offers high-quality properties.

    Visit website
Real estate agent in the region

Also of interest near Penzing

Are you looking for a real estate agent not directly in Penzing, but in the surrounding area? FREITAG® also serves the following municipalities in Bavaria with local market knowledge, current purchase prices, and personal advice:

You can find the complete market overview with all municipalities in Bavaria on the Overview page Bavaria.
Comparable price range

Municipalities with a similar price level to Penzing

These locations are within a price band of ±10% around the current average house price per square metre of Penzing (Ø 4,650 €/m²) — ideal for an honest market comparison and alternative location assessments.

Grenzregion Germany ↔ Austria

Real estate market in neighbouring countries

Penzing 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:

Sell property in Penzing
Sale

Sell property in Penzing

Sell a house in Penzing

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.

Sell an apartment in Penzing

We consider the declaration of division (Teilungserklärung), service charge (Hausgeld), energy performance certificate, reserves, and target group — and structure the entire sales process for you.

Sell a plot of land in Penzing

Developability, layout, development status, and land value guide are crucial. We provide a realistic valuation and specifically address suitable buyers and investors.

Sell a commercial property in Penzing

Office, practice, warehouse, hotel, or gastronomy — discreet marketing with a sound valuation and personal support until completion.

Letting property in Penzing
Letting & Property Annuity

Letting property in Penzing

Let a flat in Penzing

Credit checks, self-disclosure forms, handover protocols, and a clear tenancy agreement — we handle the entire letting process, including viewings.

Letting a house in Penzing

Detached houses, semi-detached houses, or terraced houses appeal to different target groups — we ensure the appropriate presentation and solvent tenants.

Property Annuity (Immobilienverrentung) in Penzing

We calculate how much a registered right of residence (Wohnrecht) reduces the purchase price — and whether property annuity (Immobilienverrentung) is worthwhile for you compared to a traditional sale.

Property Valuation in Penzing

For inheritance disputes, divorce, banks or sales — a reliable valuation that stands up to scrutiny from third parties.

Personal Consultation

Would you like to sell or let your property in Penzing?

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

— From the Community

Latest news about the community Penzing

Urban land-use planning / Town development ·

Criticism of the Penzing town center multifunctional project: "Not a Papierbach 2.0"

The planned multifunctional project in the town center of Penzing includes a boarding house, gastronomy, fitness and wellness areas, office space, and up to 75 apartments. According to the report, a special development plan is being created for this; at the same time, there was criticism in the municipal council regarding the height of the buildings.

Source: Merkur →