Sylt longing – where the square meter costs 14,600 euros

Real estate prices on the German north and Baltic Sea coast, which is popular with holidaymakers, sometimes attract significantly again. Especially those who are looking for a house in the North Sea, for example, on the North or East Frisian Islands, have to dig deep into their pockets. It is significantly cheaper on the mainland and on the Baltic Sea. This emerges from the recent coastal report of the nationwide operating brokerage company in Poll Immobilien.

The North Sea coast with its UNESCO World Heritage Site Wadden Sea, the world’s largest coherent Schlickwatt and sand area, is still very popular with real estate buyers. Most recently, prices had dropped significantly due to the effects of the Ukraine war, increased costs, inflation and interest rate increases.

“However, we are currently seeing a reversal,” said the managing partner of the real estate company, Daniel Ritter. In nine of the twelve analyzed regions, the average prices for houses rose again in the first quarter compared to the same period in the previous year – sometimes even by more than ten percent.

By far the most expensive region are the North Frisian Islands off Schleswig-Holstein. On Sylt, Föhr, Amrum and Pellworm, a square meter of living space cost an average of 12,294 euros in the first quarter. This is 10.3 percent more than in the previous year’s quarter and the examination of the previous year.

The main responsibility for the very high prices is the island of Sylt, which has always been one of the most expensive regions in Germany. According to the information, the prices only rose by 5.3 percent. A square meter of living space still cost an average of 14,597 euros.

The East Frisian Islands present themselves much cheaper, but still unaffordable for many, off the Lower Saxony coast. For example, an average of 8743 euros per square meter – 2.9 percent less than in the previous year, cost Norderney, Juist or Spiekeroog.

A similar picture is shown on the German Baltic Sea coast with its sandy beaches, historical seaside resorts and small fishing villages, but at a significantly lower level. The most expensive region with real estate prices of an average of 4450 euros per square meter was the peninsula Fischland-Darß-Zingst in Mecklenburg-Western Pomerania. This is followed by the islands of Usedom with almost 3600 euros and Fehmarn in Schleswig-Holstein with just under 3500 euros. According to the coastal report, the cheapest houses with an average of almost 1600 euros per square meter in the district of Vorpommern-Greifswald were available.