Schleswig-Holstein is a federated state of Germany that sits in the far north of the country, sharing a land border with Southern Denmark, Mecklenburg-Vorpommern, Lower Saxony, and Hamburg. The region is defined by its low-lying terrain, reaching its highest point at Bungsberg. It is home to several higher education institutions, including Kiel University, the University of Lübeck, and the University of Flensburg.
Property in Schleswig-Holstein is generally dearer than the German average, though prices vary significantly between its towns and cities. Kiel and Lübeck hold the largest shares of the housing stock. Kiel is the more affordable of the two major cities, with prices sitting well below the regional average, while Lübeck is more expensive. The cost of housing rises dramatically in specific locations; the island municipality of Sylt and the suburban commune of Ammersbek are the most expensive places to buy, with prices reaching about double the regional average. Conversely, Neumünster offers the cheapest housing in the region, costing less than half of the average for Schleswig-Holstein.
