In cooperation with the Hamburg Institute of International Economics (HWWI), Postbank has again this year published the Housing Atlas, which is published once a year. The Postbank Housing Atlas 2020 provides information on purchase price developments on the German real estate market at regional and district level. The experts' forecasts extend to the year 2030 and provide detailed statements on the cities and districts in which real estate prices will fall, rise or where prices are expected to remain the same. A total of 401 cities and districts were examined for the study series.
The statements and forecasts of the Housing Atlas 2020 relate to calculations from 2019. Overall, demand for residential property is also very high this year. Both low construction interest rates and low supply are causing purchase prices on the real estate market to rise. According to expert statements, this trend can also be assumed for the next few years. In the area of the so-called Big Seven, the most popular metropolitan areas in Germany, purchase prices in Munich are unchallenged in first place. The price per square meter for an existing apartment rose by 6.2 percent in 2019 compared with the previous year. This means that the average price per square meter for existing apartments is now more than €8,000.
There has also been a high rise in prices in Frankfurt, Hamburg and Berlin, as well as in Stuttgart. Demand for real estate is also high in the outskirts of the major cities, the so-called Speckgürtel. The evaluations of the study with regard to the districts show that the majority of the most expensive regions in Germany are located in the south. But also in the north, along the coasts as well as also in the Speckgürtel, the purchase prices for property rose by a multiple. In a comparison of Germany, the purchase prices for residential property in the district of North Friesland with the islands of Sylt, Föhr and Amrum, as well as places like St. Peter Ording, even exceed the purchase prices in southern Germany. On average, a square meter here costs 6,452 euros.
Source: Postbank
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