Property prices are rising again in major cities, especially in Bremen

Infographics


Along with Cologne and Dortmund, Bremen tops the list of purchase price increases. (symbolic photo)

Image: Imago | Lehtikuva

After two years of calm, property purchase prices are increasing again, particularly in Bremen. Here we show how the Hanseatic city compares to larger cities.

Once again this year, Bremen residents who want to realize their dream of owning their own home have had to dig deeper into their pockets. After two years of slowdown in the real estate market, prices increased again in the first quarter. According to real estate market Immowelt, asking prices for condominiums in the Hanseatic city increased by 2.6 percent to 2,894 euros per square meter in the three months from January to March – after increasing in the previous quarter, it is i.e. between October and March. December 2023 had fallen by 0.5 percent.

Increases were also recorded in other cities with populations over 500,000. But together with Cologne (plus 2.7 percent) and Dortmund (plus 2.8 percent), Bremen tops the list of purchase price increases.

Purchase price per square meter for apartments in large cities

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Compared to the purchase prices of a year ago, Bremen is in second place, with a decrease of only 0.7 percent. For comparison: in Dortmund (minus 4.2) and Cologne (minus 4%), the asking prices for condominiums fell significantly during this period. Only Leipzig recorded value increases compared to the previous year (plus 0.8 percent).

Immowelt Managing Director Felix Kusch cites slightly cheaper financing options as the reason for rising property prices. “Interest rates in the construction sector have fallen significantly over the past six months and the demand for construction financing and property purchases is increasing again,” says Kusch.

source: buten and inside.

This topic on the agenda:
Bremen Two, News, 6 a.m., March 28, 2024

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