This conclusion was reached by analysts from Immowelt, who studied property prices across 68 resort municipalities in the country. The only place in Germany where real estate is even more expensive is the North Sea island of Sylt.
Record Prices in the Bavarian Alps
Proximity to Munich, panoramic mountain vistas, and lake views have for years kept the Tegernsee Valley among the most prestigious addresses in Bavaria—precisely the factors that have made local municipalities leaders in the Alpine real estate market.
The list is topped by three settlements nestled between the lake and the mountain slopes:
- Rottach-Egern — 12.7 thousand euros per square meter;
- Tegernsee — 12.5 thousand euros per square meter;
- Kreuth — 10.7 thousand euros per square meter.
Bad Wiessee appears slightly more modest at 10.3 thousand euros per square meter, yet even this figure is visibly higher than in Garmisch-Partenkirchen, where a square meter costs 7.4 thousand euros—nearly half the price found in Rottach-Egern. A similar pattern was recorded by Von Poll Immobilien: according to its data, property across the entire Miesbach district costs an average of over 7.7 thousand euros per square meter, representing a 10% increase compared to five years ago.
Sylt Remains Unrivaled
In the overall German standings, however, Tegernsee occupies only second place. The top spot is held by a wide margin by the island of Sylt, which concentrates the most expensive holiday homes in the country. In addition to the village of Kampen, the upper ranks of the leaderboard feature Wenningstedt-Braderup (14.9 thousand euros per square meter), the municipality of Sylt itself (12.2 thousand euros), and List (11.7 thousand euros).
“Sylt represents a separate league for the resort real estate market; the highest prices nationwide have become entrenched here,” noted Immowelt Managing Director Felix Kusch. This statement is corroborated by statistics: property in Kampen costs 24.3 thousand euros per square meter—nearly twice as much as in the Bavarian resort of Rottach-Egern.
Individual Properties Beyond Statistical Boundaries
The average figures in the ranking do not capture the entire picture: on both Tegernsee and Sylt, listings regularly appear that go far beyond statistical norms. For instance, an architectural monument is currently on the market—a farmhouse with a lake view named “Beim Bräu am Berg,” featuring eleven rooms and 282 square meters of living space. The seller expects to fetch 9.6 million euros for it. Another premium lot in the same municipality—an apartment with a panoramic view of the lake—is valued at approximately 6 million euros.
On Sylt, a property of comparable scale was found in the village of Keitum: a historic estate built in 1776, restored to new-build standard, is on sale for 9.95 million euros—a sum only slightly higher than its Bavarian counterpart.
The comparable valuation of two such distinct properties—the lakeside Bavarian estate and the coastal historic residence—best illustrates the study’s primary conclusion: Tegernsee and Sylt de facto form an exclusive, premium segment of the German real estate market, accessible only to a limited circle of buyers.
Latest Posts
