Report cover image

Germany Condominiums and Apartments Market Size and Share - Growth Analysis Report and Forecast Trends (2026-2035)

Published Aug 25, 2026
Length 107 Pages
SKU # EMAR21541368

Description

Germany Condominiums and Apartments Market

Report and Forecast 2026-2035

Market Overview

The Germany Condominiums and Apartments Market reached USD 466.65 Billion in 2025 and is projected to reach USD 679.34 Billion by 2030, expanding at a CAGR of 7.8% during 2026-2030, and is further projected to reach an estimated USD 988.96 Billion by 2035 at that same rate. Growth is driven by persistent urban housing shortages, sustained population inflows into Berlin, Munich, and Hamburg, and continued institutional investment in multifamily portfolios. Berlin leads the regional market with the largest share, while Berlin is also the fastest-growing city given renewed net-migration inflows. The market covers new construction and renovation activity across owner-occupied and rental condominium and apartment stock.

Key Market Trends and Insights

Berlin dominated the market in 2025, supported by its large population base and sustained institutional acquisition activity.

By Construction Type, the New Construction segment is projected to witness the fastest growth, driven by faster permitting under Construction Turbo rules.

By Ownership, the Rental segment is expected to register strong growth, supported by Germany's high renter share and institutional demand for inflation-indexed yield.

Market Size and Forecast

Market Size in 2025: USD 466.65 Billion

Projected Market Size in 2035 (derived): USD 988.96 Billion

CAGR from 2026 to 2035 (derived): 7.8%

Fastest-Growing Regional Market: Berlin (driven by sustained urban population growth and institutional investment)

The German condominiums and apartments market is anchored by Berlin's concentration of population and institutional capital, alongside sustained demand in Munich and Hamburg. Developers are expanding modular and prefabricated construction methods to accelerate delivery amid persistent housing shortages.

Demand is being reshaped by a parallel set of structural shifts. Institutional landlords are directing capital toward large-scale, systematised residential projects such as Goldbeck's roughly 900-flat Marienhöfe development in Berlin, while acquisition activity from operators such as Vivawest signals continued consolidation of managed multifamily portfolios. Rising building permit approvals in early 2026 point to an improving supply pipeline, even as elevated mortgage costs continue to steer a growing share of demand toward the rental segment.

Key Takeaways

Key Takeaway 1: Vivawest's acquisition of the Weserhöfe residential complex in Düsseldorf reflects sustained institutional investment in German multifamily assets.

Key Takeaway 2: Goldbeck's Marienhöfe project in Berlin, comprising around 900 flats, illustrates the scale of systematised residential construction underway in the market.

Key Takeaway 3: STRABAG Hold Estate's entry into Schleswig-Holstein with its first regional residential project signals expanding geographic reach for major developers.

Germany Condominiums and Apartments Market Report Summary

Description

Value

Base Year

2025

Historical Period

2019-2025

Forecast Period

2026-2035

Market Size 2025

USD 466.65 Billion

Market Size 2035

USD 988.96 Billion

CAGR (2026-2035) (derived)

7.8%

Fastest-Growing Segment/Region

Berlin (driven by sustained urban population growth and institutional investment)

Key Trends and Recent Developments

The German condominiums and apartments industry is being reshaped by systematised construction methods, institutional portfolio expansion, and continued regional diversification by major developers.

Key Trends Heading 1: February 2026 - Building Permit Approvals Accelerate Across Germany

Key Trends Description 1: German authorities approved 41,700 apartments in new and existing buildings across January and February 2026, an increase of 5,800 units year-on-year according to the Federal Statistical Office. This matters because accelerating permit approvals signal an easing supply pipeline that should support new condominium and apartment completions over the coming years.

Key Trends Heading 2: November 2025 - Institutional Investors Expand German Residential Portfolios

Key Trends Description 2: Vivawest Wohnen acquired the Weserhöfe residential complex, a 6,000 square metre property in Düsseldorf, in November 2025. This matters because continued institutional acquisition activity signals sustained investor confidence in German multifamily assets.

Key Trends Heading 3: October 2025 - Developers Scale Systematised Residential Construction In Berlin

Key Trends Description 3: Goldbeck is constructing eleven residential and commercial buildings comprising around 900 flats in Berlin's new Marienhöfe urban quarter in October 2025. This matters because systematised, factory-based construction methods are enabling faster delivery of large-scale urban housing projects.

Key Trends Heading 4: July 2025 - Major Developers Expand Into New Regional Markets

Key Trends Description 4: STRABAG Hold Estate launched its first residential development in Schleswig-Holstein in July 2025, comprising 53 energy-efficient rental units. This matters because expansion into new regions by established developers reflects broadening demand for energy-efficient housing beyond major metros.

Recent Developments in Germany Condominiums and Apartments Market

Development Heading 1: February 2026 - Germany Records Sharp Rise In Dwelling Building Permits

Development Description 1: The Federal Statistical Office reported that 41,700 apartments in new and existing buildings received building permits across January and February 2026, up 5,800 units from the same period in 2025. Permits for new residential buildings alone rose to 34,500 apartments, with multi-family homes accounting for 21,900 of these approvals. This broad-based rise in permit approvals points to an improving construction pipeline for condominiums and apartments over the coming years.

Development Heading 2: November 2025 - Vivawest Acquires Weserhöfe Residential Complex In Düsseldorf

Development Description 2: Vivawest Wohnen completed the acquisition of the 6,000 square metre Weserhöfe residential complex in Düsseldorf in November 2025. The acquisition adds to Vivawest's broader portfolio of managed residential properties across Germany. This deal reflects continued institutional appetite for established residential assets in key regional cities.

Development Heading 3: October 2025 - Goldbeck Builds Around 900 Flats In Berlin's Marienhöfe Quarter

Development Description 3: Goldbeck is acting as general contractor on eleven residential and commercial buildings comprising around 900 flats in Berlin's new Marienhöfe urban quarter, as reported in October 2025. The project forms part of a wider urban development on a former railway and DIY store site in Tempelhof. This large-scale systematised project underscores the growing role of factory-based construction in addressing Berlin's housing shortage.

Development Heading 4: September 2025 - Goldbeck Reports Record Residential Order Intake

Development Description 4: Goldbeck reported record order intake in residential construction reaching EUR 691 million for the 2024/25 financial year, with over EUR 1 billion expected for 2025/26. The company highlighted particularly strong growth in residential construction alongside its broader building portfolio. This record order intake reflects sustained developer confidence in continued German residential demand.

Development Heading 5: July 2025 - STRABAG Hold Estate Begins First Schleswig-Holstein Residential Project

Development Description 5: STRABAG Hold Estate launched its first residential development in Schleswig-Holstein in July 2025, comprising 53 energy-efficient rental units across four multi-family buildings using ZÜBLIN's serial construction system. The project is expected to be completed by spring 2027. This expansion signals STRABAG's continued diversification into new regional German markets.

Germany Condominiums and Apartments Industry Segmentation

The EMR's report titled "Germany Condominiums and Apartments Market Report and Forecast 2026-2035" provides a detailed analysis of the market based on type, construction type, ownership, and region.

Market Breakup by Type

Condominiums

Apartments

Key Insight: Apartments commands the largest share, reflecting Germany's high renter population and the entrenched role of multifamily buildings in dense urban metros.

Market Breakup by Construction Type

New Construction

Renovation

Key Insight: Renovation commands a substantial share given that a large proportion of German housing stock pre-dates 1990, though New Construction is the fastest-growing segment amid faster permitting timelines.

Market Breakup by Ownership

Owner-Occupied

Rental

Key Insight: Rental commands the dominant share, supported by Germany's high renter share and sustained institutional demand for inflation-indexed multifamily yield.

Market Breakup by Region

Berlin

Hamburg

Munich

Other Cities

Key Insight: Berlin commands the largest regional share, anchored by its population base and institutional investment activity, and is also the fastest-growing city market.

Germany Condominiums and Apartments Market Share

Apartments command the dominant share of the German condominiums and apartments market, reflecting the entrenched role of multifamily housing in dense urban centres such as Berlin, Munich, and Hamburg, where restricted greenfield land and persistent population inflows continue to concentrate demand in existing building stock rather than detached housing.

Among ownership models, Rental stands out as the largest segment, supported by Germany's roughly 54% renter share nationally and sustained institutional demand for stable, inflation-indexed multifamily yield; large landlords such as Vonovia continue to direct significant annual capital toward retrofitting and expanding their rental portfolios rather than divesting into owner-occupied sales.

Supporting evidence for the segment's centrality includes large-scale systematised construction projects such as Goldbeck's roughly 900-flat Marienhöfe development in Berlin, continued institutional portfolio acquisitions such as Vivawest's Weserhöfe complex purchase in Düsseldorf, and a broad-based rise in building permit approvals across Germany in early 2026, together pointing to sustained multifamily development activity across the country's major metropolitan markets.

Competitive Landscape

The German condominiums and apartments market is moderately fragmented, with the top five listed residential landlords owning under 4% of Germany's roughly 23 million rental units, while established construction groups compete alongside institutional residential owners and regionally focused developers for large-scale multifamily project mandates.

Strabag AG

Strabag AG is a leading European construction group active in German residential development through its Strabag Real Estate and Strabag Hold Estate units. Its 2025 entry into Schleswig-Holstein reflects continued expansion into new regional German residential markets.

Vivawest GmbH

Vivawest GmbH is one of the leading residential housing providers in North Rhine-Westphalia, managing around 120,000 apartments across the Rhine and Ruhr region. Its 2025 acquisition of the Weserhöfe complex in Düsseldorf reflects continued portfolio expansion.

Goldbeck GmbH

Goldbeck GmbH is a leading German construction and services company known for systematised, factory-based residential construction. Its Marienhöfe project in Berlin, comprising around 900 flats, represents one of the largest projects in the company's history.

Vonovia SE

Vonovia SE is Germany's largest listed residential real estate company, managing several hundred thousand apartments across the country. The company continues to invest heavily in energy-efficient modernisation of its multifamily portfolio.

Other key players in the Germany Condominiums and Apartments market report include Leonhard Weiss GmbH & Co. KG, Köster GmbH, Bremer AG, Hochtief Solutions AG, LEG Immobilien SE, and Others.

Key Highlights of the Germany Condominiums and Apartments Market Report

Comprehensive quantitative and qualitative analysis spanning 2019 to 2035 across type, construction type, ownership, and regional segmentation

In-depth review of institutional consolidation reshaping German multifamily ownership, including Vivawest's Weserhöfe complex acquisition in Düsseldorf

Detailed evaluation of systematised, factory-based construction methods exemplified by Goldbeck's roughly 900-flat Marienhöfe project in Berlin

Analysis of rising building permit approvals in early 2026 and their implications for the German residential construction pipeline

Insights into regional developer expansion, including STRABAG Hold Estate's entry into the Schleswig-Holstein market

Regional breakdown across Berlin, Hamburg, Munich, and Other Cities with competitive profiles

Strategic recommendations for developers, institutional investors, and construction firms entering the German market

Table of Contents

107 Pages
Germany Condominiums and Apartments Market
Executive Summary
Market Size 2025-2026
Market Growth 2026-2035
Key Demand Drivers
Key Players and Competitive Structure
Industry Best Practices
Recent Trends and Developments
Industry Outlook
Market Overview and Stakeholder Insights
Market Trends
Key Verticals
Key Regions
Supplier Power
Buyer Power
Key Market Opportunities and Risks
Key Initiatives by Stakeholders
Economic Summary
GDP Outlook
GDP Per Capita Growth
Inflation Trends
Democracy Index
Gross Public Debt Ratios
Balance of Payment (BoP) Position
Population Outlook
Urbanisation Trends
Country Risk Profiles
Country Risk
Business Climate
Europe Condominiums and Apartments Market Analysis
Key Industry Highlights
Condominiums and Apartments Historical Market (2019-2025)
Condominiums and Apartments Market Forecast (2026-2035)
Germany Condominiums and Apartments Market Analysis
Key Industry Highlights
Germany Condominiums and Apartments Historical Market (2019-2025)
Germany Condominiums and Apartments Market Forecast (2026-2035)
Germany Condominiums and Apartments Market by Type
Condominiums
Historical Trend (2019-2025)
Forecast Trend (2026-2035)
Apartments
Historical Trend (2019-2025)
Forecast Trend (2026-2035)
Germany Condominiums and Apartments Market by Construction Type
New Construction
Historical Trend (2019-2025)
Forecast Trend (2026-2035)
Renovation
Historical Trend (2019-2025)
Forecast Trend (2026-2035)
Germany Condominiums and Apartments Market by Ownership
Owner-Occupied
Historical Trend (2019-2025)
Forecast Trend (2026-2035)
Rental
Historical Trend (2019-2025)
Forecast Trend (2026-2035)
Germany Condominiums and Apartments Market by Region
Berlin
Historical Trend (2019-2025)
Forecast Trend (2026-2035)
Hamburg
Historical Trend (2019-2025)
Forecast Trend (2026-2035)
Munich
Historical Trend (2019-2025)
Forecast Trend (2026-2035)
Other Cities
Historical Trend (2019-2025)
Forecast Trend (2026-2035)
Market Dynamics
SWOT Analysis
Strengths
Weaknesses
Opportunities
Threats
Porter’s Five Forces Analysis
Supplier’s Power
Buyer’s Power
Threat of New Entrants
Degree of Rivalry
Threat of Substitutes
Key Indicators of Demand
Key Indicators of Price
Competitive Landscape
Supplier Selection
Key Germany Players
Key Regional Players
Key Player Strategies
Company Profile
Strabag AG (Austria)
Company Overview
Product Portfolio
Demographic Reach and Achievements
Certifications
Leonhard Weiss GmbH & Co. KG (Germany)
Company Overview
Product Portfolio
Demographic Reach and Achievements
Certifications
Köster GmbH (Germany)
Company Overview
Product Portfolio
Demographic Reach and Achievements
Certifications
Vivawest GmbH (Germany)
Company Overview
Product Portfolio
Demographic Reach and Achievements
Certifications
Bremer AG (Germany)
Company Overview
Product Portfolio
Demographic Reach and Achievements
Certifications
Hochtief Solutions AG (Germany)
Company Overview
Product Portfolio
Demographic Reach and Achievements
Certifications
Goldbeck GmbH (Germany)
Company Overview
Product Portfolio
Demographic Reach and Achievements
Certifications
Vonovia SE (Germany)
Company Overview
Product Portfolio
Demographic Reach and Achievements
Certifications
LEG Immobilien SE (Germany)
Company Overview
Product Portfolio
Demographic Reach and Achievements
Certifications
Others
List of Key Figures and Tables
Europe Germany Condominiums and Apartments Market: Key Industry Highlights, 2019 and 2035
Germany Condominiums and Apartments Market: Key Industry Highlights, 2019 and 2035
Germany Condominiums and Apartments Historical Market: Breakup by Type (USD Billion), 2019-2025
Germany Condominiums and Apartments Market Forecast: Breakup by Type (USD Billion), 2026-2035
Germany Condominiums and Apartments Historical Market: Breakup by Construction Type (USD Billion), 2019-2025
Germany Condominiums and Apartments Market Forecast: Breakup by Construction Type (USD Billion), 2026-2035
Germany Condominiums and Apartments Historical Market: Breakup by Ownership (USD Billion), 2019-2025
Germany Condominiums and Apartments Market Forecast: Breakup by Ownership (USD Billion), 2026-2035
Germany Condominiums and Apartments Historical Market: Breakup by Region (USD Billion), 2019-2025
Germany Condominiums and Apartments Market Forecast: Breakup by Region (USD Billion), 2026-2035
Germany Condominiums and Apartments Market Supplier Selection
Germany Condominiums and Apartments Market Supplier Strategies
How Do Licenses Work?
Request A Sample
Head shot

Questions or Comments?

Our team has the ability to search within reports to verify it suits your needs. We can also help maximize your budget by finding sections of reports you can purchase.