German Residential Real Estate Prices Double
Even the Corona pandemic has not put a damper on the real estate market - quite the contrary. While assets such as shares have in many cases lost considerable value, prices for residential property have continued to rise - both in the city and in the countryside. The average (median) purchase price per square meter for apartments in major German cities was EUR2,921 in the second quarter, compared to just EUR1,500 back in 2012. Munich remains the most expensive city in Germany, with real estate prices in the Bavarian capital rising by 6.1 per cent since the third quarter of 2019. Meanwhile, the infographic indicates strong growth for real estate in rural areas as well. Price increases have been strongest in more densely populated rural areas, where homes were 8.9% more expensive in the second quarter in comparison to the same quarter last year. Google analysis also highlights the growing interest in real estate. The Google trend score for the search term pair "Buy home" hit the maximum possible value of one hundred in this year of crisis. At no point over the last five years have more people searched for the above terms.
Tags : INTERNATIONAL