Property Investment in Nuremberg
547,913 residents · €3,680/m² average · ~3.9% gross yield. Figures from the sources named on each topic page, mostly portal asking prices, checked in July 2026.
Book a free screening callIllustrative estimate at a 4.3% assumed interest rate (10y fixed, from our rate table, refreshed every two weeks) plus 2% initial amortisation. Actual terms depend on the property, your profile and the lender. Not financial advice.
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The Nuremberg market
Nuremberg is officially classified as an angespannter Wohnungsmarkt: the Mietpreisbremse has applied since 2016 and continues under Bavaria's new Mieterschutzverordnung of 16.12.2025 (in force 1 Jan 2026, covering 285 municipalities), capping new-letting rents at 10% above the ortsübliche Vergleichsmiete, alongside a lowered Kappungsgrenze (https://www.bayern.de/neufassung-der-mieterschutzverordnung-mietpreisbremse-gilt-ab-januar-2026-in-285-staedten-und-gemeinden-ausweitung-vor-allem-im-grossraum-muenchen-und-im-oberland-justizminister-eisenreich-me/). Supply is tight, marketable vacancy was just 0.8% (CBRE-empirica 2022) and the official Mietenspiegel 2026 shows in-place rents up 5.4% in two years, while new construction remains the bottleneck even though new-build condo sales doubled to 729 in 2025. Demand is underpinned by Bavaria's second-largest city (~548,000 residents, record level) at the heart of a 3.6m metro region, with major employers Siemens, DATEV, GfK/NIQ and the adidas/Puma cluster in nearby Herzogenaurach; FAU Erlangen-Nürnberg, TH Nürnberg and the new Technical University of Nuremberg (UTN) at Lichtenreuth add structural rental demand. At ~3,700-3,900 EUR/m2, Nuremberg trades at less than half Munich's level, a relative-value, ~3.9%-gross-yield market.
Neighbourhoods we track
Altstadt / St. Sebald: Medieval walled old town below the Kaiserburg with landmark Altbau and rebuilt post-war stock: prestige central address for owner-occupiers and short-stay demand. (≈€5,000–€6,000/m²)
Erlenstegen: Nuremberg's classic villa quarter in the leafy north-east: the city's most expensive residential district with scarce supply. (≈€6,000–€8,000/m²)
St. Johannis: Sought-after Gründerzeit-Altbau quarter along the Pegnitz near the Hesperidengärten: cafe culture, popular with professionals and families. (≈€5,300–€6,300/m²)
Gostenhof (GoHo): Multicultural, gentrifying inner-west district ('Nuremberg's Kreuzberg') with galleries and nightlife: dynamic pricing and strong rental demand. (≈€4,500–€5,500/m²)
Südstadt (Steinbühl / Galgenhof): Dense, workaday quarter south of the main station with high renter share and value-entry prices: classic yield play close to the centre. (≈€3,370–€3,640/m²)
Langwasser: Large 1960s-70s planned satellite district in the south-east with U-Bahn links and green spaces: budget segment favoured by families and buy-to-let investors. (≈€3,600–€3,740/m²)