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
Hanover
81 800
Bremen
94 600
Dresden
103 900
Augsburg
111 500
Berlin
121 900
Central Franconia
121 900
Halle / Leipzig
130 800
Cologne
146 200
Dusseldorf
157 200
Middle Neckar
158 700
Lower Main
159 400
Hamburg
165 000
Munich
216 600
Prices for single family homes in Germany
Halle / Leipzig
87 000
Dresden
107 400
Hanover
125 900
Bremen
135 100
Berlin
166 900
Augsburg
183 000
Cologne
192 200
Central Franconia
208 200
Hamburg
223 700
Lower Main
240 600
Middle Neckar
241 800
Dusseldorf
253 800
Munich
416 700
Source: 2009 € (by region), Source: ifs Institute for Urban Design
