Real property: Prices for actual property in Hamburg are rising once more | EUROtoday

After the decline in Hamburg actual property costs originally of the yr, events now must dig deeper into their pockets once more. While single- and two-family homes have been provided for a median of 5,481 euros per sq. meter in January, they have been already 5,549 euros once more in July – which was nonetheless effectively beneath the excessive of 6,306 euros per sq. meter in February 2022. This comes from the “Market Report 2024 Residential Real Estate”. Hamburg» from the nationwide brokerage agency Von Poll Immobilien, which is on the market to the German Press Agency.

Condominiums value a median of 6,740 euros per sq. meter

According to the data, costs for condominiums rose barely however repeatedly from February to July to a median of 6,740 euros per sq. meter – after a median of seven,000 euros within the second half of 2022. When damaged down by condo measurement, flats as much as 60 sq. meters value a median of 6,161 euros within the third quarter sq. meters, as much as 80 sq. meters a median of 5,821 euros and as much as 100 sq. meters a median of 6,275 euros. For even bigger flats, a median worth of 8,173 euros per sq. meter was charged.

Real property can now be bought a lot sooner once more. According to the report, the advertising and marketing time for single- and two-family houses in Hamburg was nonetheless a median of 110 days within the fourth quarter of 2023, however this leveled off at round 70 days within the second quarter of this yr. For flats, then again, the period fell from 129 days within the third quarter of 2023 to round 89 days within the second quarter of this yr.

The variety of homes and flats on provide has fallen

While the variety of single- and two-family houses on provide was 3,115 properties within the second quarter of 2023, the quantity shrank to 2,048 within the second quarter of this yr. When it involves flats, the provision fell from 4,462 properties within the fourth quarter of 2022 to three,000 properties within the second quarter of this yr.

According to the data, a complete of 5,799 transactions have been carried out on the Hamburg actual property market final yr – 20.1 % fewer than the earlier yr. Sales fell by 28.9 % to virtually 3.4 billion euros. A complete of two,025 single and two-family homes have been bought at a median worth of 745,383 euros, which corresponds to a lower in quantity and worth of 16.8 and 13 % respectively. The whole turnover of the homes fell to 1.5 billion euros.

Sales of condo gross sales fell by 30 % final yr

At the identical time, 3,774 transactions have been carried out on the housing market – 21.8 % fewer than in 2022. According to the data, gross sales there even fell by 30 % to virtually 1.9 billion euros. The common worth for a condominium fell by 10.5 % to 498,675 euros. The rental costs are utterly totally different: According to the report, they rose final yr in comparison with 2022 for current flats by 3.8 to a median of 12.95 euros per sq. meter. For new buildings, the hire even rose by 7.8 % to 17.22 euros per sq. meter.

According to the report, notably sought-after premium places in Hafencity, for instance, have costs between 12,400 and 26,300 euros per sq. meter. Real property is equally costly within the districts bordering the Outer Alster in addition to within the Elbe suburbs of Blankenese, Nienstedten and Othmarschen. Houses there can be priced between 1.2 and 5 million euros. Anyone searching for a consultant villa with a direct view of the Elbe ought to anticipate a worth of as much as twelve million euros.

© dpa-infocom, dpa:241110-930-284323/1