Price increase in cities: real estate values ​​and rents in change

cities such as Essen and Wuppertal press real estate prices up

Real estate prices in the largest cities in Germany show an ongoing increase, with the focus of the cities of Essen and Wuppertal in particular. On the average of Germany, a square meter of property property currently costs around 4190.49 euros, which corresponds to an increase of 1.68 percent compared to the previous year's week. A similar development can be observed in the rental prices, but the increase here remains more moderate with an increase of around 6.16 percent compared to the beginning of the year.

growth in real estate prices

In 14 of the 20 largest cities, an increase in square meter prices was found. The price increases in Essen and Wuppertal are particularly striking. In Essen, the square meter price is currently 3020.27 euros and has an increase of 8.31 percent. Wuppertal follows closely behind with a square meter price of 2446.84 euros, which corresponds to an increase of 8.24 percent. These developments illustrate the trend that even in cities that are traditionally not among the most expensive, prices increase significantly.

overall economic factors

The growing property prices can be influenced by various economic factors, including increasing demand for living space, especially in urban regions. The influx of people to these cities, often due to job opportunities or educational offers, means that demand exceeds the supply. As a result, investors and developers invest in these market segments, which can also increase the price increase.

rental price trends in the big cities

Rental prices are increasing in cities such as Nuremberg, Essen and Leipzig. In Nuremberg, rents rose by 12.65 percent, while an increase of 10.04 percent is recorded in Essen. As is well known, rental price increases in many cities have become a standard, which raises the question of how future market conditions will develop. Nevertheless, there is a remarkable exception in Münster where rental prices were reduced by 1.43 percent.

outlook on the real estate market

The further development of real estate and rental prices remains to be seen, especially considering the current economic framework. Political decisions, regulatory measures and changes in the interest environment could be decisive factors that will influence the real estate market in the future. For investors and potential buyers, it is advisable to continuously observe developments in order to be able to make informed decisions.