Holiday apartments in Germany’s top vacation destinations are rising in price, especially in the most exclusive coastal and Alpine locations.
According to the new nationwide market report “Ferienimmobilien 2026” from the brokerage Engel & Völkers-reported by Handelsblatt-the asking prices for holiday apartments at specific sites jumped by about ten percent over a twelve‑month period.
The main drivers are a tight supply and strong demand from both owner‑occupiers and investors. In the report, the most expensive market is the North Sea island of Norderney, where well‑situated apartments command up to €25,000 per square metre. For holiday homes, the North Sea island of Sylt tops the price range; buyers in 2026 paid between €8.9 million and €18 million for a property in a prime location, with outliers reaching as high as €29 million.
The German holiday‑property market benefits overall from sustained high demand for domestic vacation spots. Coastal regions, in particular, are buoyed by the “Coolcation” trend, whereby travellers deliberately seek cooler destinations-a trend highlighted by Till‑Fabian Zalewski, Engel & Völkers head for Germany, Austria and Switzerland. At the same time, building regulations and restrictions such as use‑conversion bans further limit supply.