REAL ESTATE MARKET
By Nikolaus von Raggamby
The prices for German condominiums have risen strongly in recent years. In Dusseldorf buyer paid 14 percent more than a year ago. In Dresden and Augsburg is a double-digit increase.
The national average for real estate buyers had to pay around 4.3 percent for condominiums. This is apparent from an examination of the Hamburg market research company GEWOS out on behalf of the IFS Urban Institute. In contrast, the purchase prices for single family homes across Germany, with an increase of 0.3 percent, almost constant.
Increases above ten percent for condominiums have the Dresden region (plus 12.7 percent) and Augsburg (12.3 percent). Dusseldorf-runner but is a plus of 14.3 percent - on average apartments cost her about 157,000 €.
The most expensive paving remains Munich. Here, housing prices rose 6.6 percent to 216 000 €. And also for single-family homes must purchase willing to fork out € 417 000 with up to 60 percent more than in other cities of Germany. The largest price increases for single-family homes recorded at 6.3 percent, the region of Hamburg. Here in 2009 an average of € 224 000 was paid. The strongest sales in the housing market will take place in the surface states of North Rhine-Westphalia, Bavaria and Baden-Wuerttemberg. One end of the price increases is not yet in sight. Germany, the experts expect the wide-Ifs towns Institute for the next few years by a relatively constant prices.
Prices for condominiums in Germany
Friday, December 9, 2011
Friday, September 2, 2011
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With the current turmoil in financial markets and the concomitant risk of rising inflation solid tangible assets such as real estate is interesting. If you have enough capital of its own, can not buy a single apartment or an entire building and rent it out. The higher risk is due to the current low mortgage interest rates compared to the chance of higher returns, which is funded by tax breaks even.
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Whether a move is underway or planned is the purchase of a property: Serious information about the quality of the neighborhood are always important. Find rental and purchase prices in their neighborhood and their street.
With the current turmoil in financial markets and the concomitant risk of rising inflation solid tangible assets such as real estate is interesting. If you have enough capital of its own, can not buy a single apartment or an entire building and rent it out. The higher risk is due to the current low mortgage interest rates compared to the chance of higher returns, which is funded by tax breaks even.
"With commercial property yields are possible from eight to ten percent per year, but the risk is even higher. For residential properties, depending on the location of three to five percent are there, "Schindler said of the KSW Udo asset management. Dieter Robl, asset manager at Capital Forum, is more cautious. For commercial properties, he expects six percent for residential properties with a maximum of four percent.
Property Value Finder: What does it cost to rent or buy
Whether a move is underway or planned is the purchase of a property: Serious information about the quality of the neighborhood are always important. Find rental and purchase prices in their neighborhood and their street.
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