According to Hypoport AG's latest housing and mortgage market analysis, property prices continued to rise across the board over the past twelve months. The internet platform can draw on an exceptionally large database and provides insightful data on the real estate market.
The data analysis shows that property prices are continuing to rise overall and are increasing above all in the metropolitan regions around Munich with 24 per cent, and in Leipzig and Hamburg with 23 per cent each.
House prices rose by 18 percent in Saarland over the whole of last year. The federal states of Bremen, Hamburg, Schleswig-Holstein, Brandenburg and Saxony-Anhalt recorded a 16 percent increase in house purchase prices. In Berlin, where the market has been tight for some time, house prices rose by another 17 per cent.
Housing prices rose by an average of eleven per cent, in Bremen by twelve per cent. Hamburg is an exception, where house prices rose by only one per cent. Munich recorded the highest increase in prices. The Bavarian capital tops the list of metropolises with the highest price growth.
The analysis also makes statements about the buyers of real estate: according to it, about 75 percent of the buyers are between 26 and 45 years old. Their household surplus rose to 1,581 euros, the average income to 3,687 euros.
VALUE AG has presented detailed figures for the first quarter of 2022: After two quarters of moderate price increases, prices rose particularly sharply in the first quarter of 2022. The prices of used single-family houses increased by 5.4 percent in the first quarter of 2022, the strongest increase since the data was recorded. The price of existing condominiums rose by three per cent compared to the previous quarter. Prices for rental flats, on the other hand, rose only slightly by 1.2 per cent.
Conclusion: Experts are surprised by this development, because interest rates, energy costs and construction costs rose in the first three months of the year. Conversely, purchase prices should actually have fallen.
(Photo: © Tumisu, Pixabay)
