Real estate market on Sylt: The supply of existing houses has increased sixfold

Sylt is one of the most exclusive real estate markets in Germany. In four years, the offer on the holiday island has increased sixfold. According to the study, the development is extraordinary.

Houses on Sylt: Prices per square meter of more than 12,000 euros are quoted for existing houses. Photo: dpa

Berlin. More and more houses are for sale on the popular holiday island of Sylt. The supply of existing houses has increased more than sixfold (plus 514 percent) since the second quarter of 2022, as the real estate portal Immoscout24 announced on Tuesday in its analysis.

For four years now, the offering on Sylt has been growing significantly more than in the rest of Germany. “Even compared to other high-priced residential locations such as Starnberg or Rottach-Egern, the development is exceptional,” it said. Nationwide the increase is 110 percent, in Starnberg it is 185 percent and Rottach-Egern is 174 percent.

Sylt is one of the most exclusive real estate markets in Germany. According to the information, existing houses are priced at more than 12,000 euros per square meter - significantly more than in Munich. “Those interested in buying can now find significantly more choice on Sylt than just a few years ago,” said Immoscout24 managing director Gesa Crockford.

Property in Kampen on the North Sea island of Sylt. More choice than a few years ago. Photo: IMAGO/Chris Emil Janßen

Several factors are responsible for this development - from the changed market conditions to stricter rules for holiday apartments on the island. “There are still no bargains on Sylt,” emphasized Crockford. “After the correction, offer prices have stabilized at a high level.”