Prices for building land in Bavaria are falling: A review of 2023

Prices for building land in Bavaria are falling: A review of 2023

Developments on the property market in Bavaria raise questions about the future of construction projects and the living space situation. In 2023, prices for construction -ready land fell considerably, which affects both potential buyers and the entire construction industry.

a significant drop in price

Last year, the price of land in Bavaria was an average of 340 euros per square meter. This represents a decline of around 90 euros compared to the previous year. This drop in prices could be due to economic uncertainties and an oversupply of available land.

clear decline in sales

In addition to the sunken prices, the number of property sales has dropped significantly. The number of purchase cases fell from over 11,000 to only 7,300. This means that not only less country changes the owner, but also the entire area that was sold, from 9.7 million square meters to only 6.1 million square meters. Such a development could potentially affect the dynamics in the construction and the availability of living space.

long -term trend or temporary phenomenon?

The comparison with the sales figures of 2021 illustrates the drama of the situation: While plots of around 6 billion euros were sold this year, this value was only around 2 billion euros in 2023. These trends could have far -reaching effects on the real estate industry and urban development in Bavaria.

effects on the community

The falling prices and sales figures could not only be important for investors, but also for the general population. In the case of falling prices, increasingly more people could fulfill their dream of home. On the other hand, the lower sales area could lead to a lack of available construction areas in the long term, which could severely restrict housing construction.

FAZIT

The changes on the property market in Bavaria are a complex interaction from price drop and decline in sales. While this offers some options for buyers at short notice, it remains to be seen how these developments will affect the future of housing and the quality of life in the region.

- Nag