Property Investment in Nuremberg
547,913 residents · €3,680/m² average · ~3.9% gross yield. Every figure verified against primary sources (July 2026).
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.
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. (≈€3,372–€3,642/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. (≈€3,603–€3,744/m²)