A vacation property in Mallorca is a real bargain compared to a condominium in Munich. While prospective buyers can purchase a vacation property with a living space of 143.1 square meters for 400,000 euros in Mallorca, they can buy just 35.9 square meters for the same price in Munich. This is the result of an analysis by Immoscout24.
Nevertheless, Mallorca is only in 4th place among the regions surveyed by Immoscout. Sicily (149.7 square meters for 400,000 euros) and Tuscany (143.4 square meters for 400,000 euros) fare even better. In Valencia, prospective buyers can also purchase 143.1 square meters for 400,000 euros. Tenerife and the other vacation regions surveyed also offer more living space for 400,000 euros than Cologne, Hamburg, Düsseldorf, Berlin, Frankfurt am Main or Munich.
In South Tyrol (79.8 square meters for 400,000 euros), Styria (77.9 square meters for 400,000 euros) and Tyrol (63.7 square meters for 400,000 euros), however, prospective buyers do not get much more square meters for 400,000 euros than in Cologne, Hamburg, Stuttgart and Düsseldorf, for example, with 62.6 to 58.5 square meters for 400,000 euros. The analysis is based on all advertisements for condominiums and houses for sale with an asking price of up to 400,000 euros placed in May and June 2022. However, only certain vacation regions and the seven largest cities in Germany were examined.
Source: immobilienscout24.de
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