Rental Yield in Bonn | What Investors Actually Earn
Gross and net rental yields by district, computed from verified price and rent data. Verified opportunities in Bonn with English-speaking notary, financing and tax support.
Schedule Free ConsultationIllustrative estimate at a 3.8% assumed interest rate (10y fixed, June 2026 market range 3.6–3.9%) plus 2% initial amortisation. Actual terms depend on the property, your profile and the lender. Not financial advice.
Rental Yield in Bonn: what to know
At an average purchase price of €4,458/m² and asking cold rents around €14.25/m², Bonn delivers a gross rental yield near 3.8%. Net yield after Hausgeld, maintenance reserve, management and non-recoverable costs typically lands 0.8–1.2 percentage points lower.
Yield is a spectrum, not a number: prime districts like Südstadt compress toward the low end while Zentrum and Hardthöhe stretch above the average — at the cost of higher letting and renovation risk.
The Bonn market in numbers
Bonn (Nordrhein-Westfalen) has 340,226 residents. Existing apartments currently average around €4,458/m² (district spread roughly €2,900–€6,630/m²), with new-builds at about €6,120/m². Average asking cold rent is about €14.25/m², putting the gross rental yield near 3.8%.
Price momentum: +1% year-on-year. After the 2022/23 rate-shock correction (existing-flat prices -4.9% in 2024 vs 2023 per KAMPMEYER), prices stabilised and turned slightly positive: Q1 2025 avg 3,905 EUR/m² vs 3,865 EUR/m² in Q1 2024 (+1.0%). Existing-flat prices rose from ~3,200 EUR/m² (2021) to ~3,650 EUR/m² (2024), new-build from ~5,000 to ~6,120 EUR/m²; asking rents rose ~18% 2021–2024 and +5.2% in 2025 alone.
Vacancy: roughly 0.9% (Wüest Partner, Wohnungsmarkt NRW, 2023: vacancy rate Bonn 0.9%, https://www.wuestpartner.com/de-de/2023/03/15/wohnungsmarkt-nrw-am-teuers…). That is effectively full occupancy — supply scarcity drives both rents and letting speed.
Where to buy in Bonn
Investment demand concentrates in Südstadt, Poppelsdorf, Bad Godesberg, where letting is fastest and long-term value is most defensible. Value- and yield-oriented buyers look at Zentrum and Hardthöhe, which trade lower and typically deliver higher gross yields with more management intensity.
Südstadt: Bonn's most prestigious quarter with one of Germany's largest intact Wilhelminian (Gründerzeit) townhouse ensembles, next to the university and Rhine promenade. Apartments trade around €5,200–€6,360/m².
Poppelsdorf: Sought-after academic quarter around Poppelsdorf Palace and the botanical gardens, mixing period buildings with student and professional demand; commands Bonn's highest rents (~15 EUR/m²). Apartments trade around €4,880–€6,070/m².
Bad Godesberg: Former diplomatic quarter in the south with villa districts, international schools and UN-related expat demand, at more moderate average prices than the centre. Apartments trade around €3,810–€4,810/m².
Beuel: Up-and-coming right-bank district across the Rhine with good value, riverside location and strong new-build activity. Apartments trade around €3,960–€4,370/m².
Zentrum (Stadtbezirk Bonn): The central city district including Altstadt and Nordstadt, combining offices, retail and dense period housing; existing stock is mid-priced while new-build tops 6,000 EUR/m². Apartments trade around €3,530–€6,030/m².
Hardthöhe: Modest western district dominated by the Federal Ministry of Defence campus and post-war housing; the cheapest entry point in the city. Apartments trade around €2,900–€3,690/m².
Taxes & buying costs in Bonn
Property transfer tax (Grunderwerbsteuer) in Nordrhein-Westfalen is 6.5%. Add approximately 2% for notary and land registry (statutory GNotKG fees) plus any brokerage/service fee — total acquisition costs typically run 8–12% on top of the purchase price, and German banks generally do not finance them.
Held privately, the property can be sold tax-free after the 10-year Spekulationsfrist; before that, gains are taxed at your personal rate. Depreciation (AfA) shelters rental income: 2% p.a. for pre-2023 buildings, 3% for buildings completed from 2023, and a 5% degressive option for qualifying new projects started before 30.09.2029.
Bonn is a designated tight housing market: the Mietpreisbremse caps new-lease rents at roughly 10% above the local comparative rent (Mietspiegel), and the reduced Kappungsgrenze limits in-tenancy increases to 15% within three years. Factor the achievable regulated rent — not the asking-rent headline — into your underwriting.
Data & sources
All figures verified July 2026 against primary sources. Asking prices typically run 5–15% above notarised transaction values — where both exist, the source basis is stated.
Population: Statistikstelle Bundesstadt Bonn (Melderegister), Stand 1.1.2025 / year-end 2024, https://www.bonn.de/service-bieten/aktuelles-zahlen-fak….
Purchase prices: wohnungsboerse.net Immobilienpreisspiegel Bonn, Stand end of March 2026 (avg 4,457.64 EUR/m².
Rents: wohnungsboerse.net Mietspiegel Bonn (asking cold rents), Stand end of March 2026: Ø 14.25 EUR/m², https://www.wohnungsboerse.net/mietspie….
Yield: computed from price+rent above (14.25 × 12 / 4,458 × 100 = 3.8), rounded to 1 decimal.
Price trend: KAMPMEYER Marktbericht Bonn, March 2025, https://www.kampmeyer.com/blog/ratgeber/immobilienpreise-bonn/ .
Vacancy: Wüest Partner, Wohnungsmarkt NRW, 2023: vacancy rate Bonn 0.9%, https://www.wuestpartner.com/de-de/2023/03/15/wohnungsmarkt-nrw-am-teuers….
Frequently asked questions
Is 3.8% a good yield for Germany?
It is around the current big-city average. German residential investing pairs moderate yields with exceptional financing access, tenant stability and tax advantages (AfA, tax-free exit after 10 years).
Can foreigners buy investment property in Bonn?
Yes. Non-residents can buy property in Bonn without German citizenship or residency. Financing is available to expats and Blue Card holders; non-residents typically need 40–50% equity, German tax residents 10–20%.
What are the total buying costs in Bonn?
On top of the purchase price, budget 6.5% property transfer tax (Nordrhein-Westfalen), about 2% notary and land registry, plus any brokerage/service fee — commonly 8–12% of the price in total.
What rental yield can I expect in Bonn?
Gross yields in Bonn average around 3.8%, higher in value districts such as Zentrum and Hardthöhe and lower in prime locations like Südstadt.
How much is property per square metre in Bonn?
Existing apartments average about €4,458/m² to buy and roughly €14.25/m² cold rent per month, varying significantly by neighbourhood and condition.