In Germany, prospective buyers have to pay an average price per square meter of 3,299.70 euros for an apartment. For single-family homes, the average price is even €3,990.96. This means that prices for apartments and houses rose by 6.93% and 7.09% respectively from May to October 2021 compared to the period from November 2020 to April 2021.
This is the result of a survey conducted by real estate financing broker baufi24.de. According to the broker, it examined 240,000 real estate transactions. It also took a closer look at the seven largest cities in Germany - Berlin, Düsseldorf, Frankfurt am Main, Hamburg, Cologne, Munich and Stuttgart.
Prospective buyers paid the most here at €10,013.01 per square meter, followed by Frankfurt am Main (€6,602.27/sqm) and Hamburg (€6,162.22/sqm). Prices in these cities rose by 6.37, 5.68 and 10.64 percent respectively. Looking at all Big Seven cities in Germany, the average purchase price is €6,062.49. This corresponds to an increase of 8.27 percent.
Source and further information: baufi24.de
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