Wiesbaden (dpa) - Building land in Germany is more expensive than ever.

In 2019, an average of 189.51 euros per square meter was due, as the Federal Statistical Office has calculated - a record high as already with the prices for residential property.

Ten years earlier, according to the Wiesbaden authority, a square meter was still available for around 122.00 euros on average.

Last year, investors had to pay a lot in the metropolises of Berlin and Hamburg: In the federal capital, the square meter of building land cost an average of 1328.48 euros, in Hamburg it was 1157.91 euros.

In Bavaria, which is also comparatively expensive, the average price was 301.75 euros per square meter.

The lowest average purchase values ​​were in each case under 60 euros per square meter in the three eastern German states of Thuringia (49.67 euros), Saxony-Anhalt (52.19 euros) and Mecklenburg-Western Pomerania (56.10 euros).

According to the findings of statisticians, the average purchase value increases with the size of the municipality.

In municipalities with fewer than 2,000 inhabitants, an average of EUR 66.04 per square meter was paid.

In the 14 largest cities in the republic with at least 500,000 inhabitants, it was a little more than 17 times as much: 1128.33 euros.

© dpa-infocom, dpa: 200916-99-581692 / 2

Federal Statistical Office on building land prices 2019