23.07.2021
Content of this article
content summary
- 1. Real estate price development in Hamburg and surrounding areas in 2020
- 2. Price development over the last ten years in Lübeck more than twice as high as in Ludwigsburg-Parchim
- In 2020, one- and two-family houses were almost four times cheaper in Lüchow-Dannenberg, the district with the lowest property prices, than in Hamburg, the leader of the ranking
- In no less than 12 of 21 analyzed districts including the city of Hamburg, prices climbed between ten percent and almost 17 percent
- secret tip: Stade in Lower Saxony is the only county that directly borders Hamburg, but still has prices below 300.000 Euro aufruft
1. Real estate price development in Hamburg and surrounding areas in 2020
The effects of the pandemic on people's lives are clearly noticeable - even in everyday working life. Remote work and home offices have become firmly entrenched in many corporate cultures. This newfound flexibility allows workers to separate their home and work locations more closely. In addition, there is a change in people's awareness and a desire for more freedom and nature. As a result, more and more prospective buyers are expanding their radius in their search for a home to include the wider hinterland of the metropolises - as well as around Hamburg. This in turn causes prices to rise in the neighboring counties. VON POLL IMMOBILIEN experts have analyzed the purchase price development for detached and semi-detached houses in Hamburg and the wider surrounding area based on the offer prices for 2020 compared to the same period of the previous year and show which regions buyers should keep an eye on.
Daniel Ritter, managing partner at VON POLL IMMOBILIEN:
"The demand for real estate in the surrounding area has increased. One factor is also that corresponding properties with larger plots of land in urban areas are now many times more expensive. As a result, prospective buyers have been looking around Hamburg's periphery for some time. The pandemic has further intensified this development, causing real estate prices immediately around Hamburg to rise sharply. Due to the so-called home-office effect, many prospective buyers are more willing to compromise and take on longer commutes to the city. The counties in the second and third ring around Hamburg are now benefiting from this development.'
The price midfield in the purchase price ranking for detached and semi-detached houses is led by the districts of Lüneburg with approximately 389,000 euros, Segeberg with 380,000 euros, Duchy of Lauenburg with 362,500 euros and Ostholstein with an average of 360,000 euros. Immediately thereafter follows the somewhat cheaper district-free city of Lübeck with 345,000 euros for a one- or two-family house.
Daniel Ritter, managing partner at VON POLL IMMOBILIEN:
"Here it becomes clear that the average price level for detached and semi-detached houses in the Schleswig-Holstein counties, north of Hamburg, is much higher than in counties located in Lower Saxony or Mecklenburg-Western Pomerania. One reason is the close proximity to the North Sea and Baltic Sea, which offer an excellent refuge as recreational areas.'Volker Dallmann, Branch Manager of the VON POLL IMMOBILIEN stores in Stade, Buxtehude, Cuxhaven and Harburg:
"The Kehdinger Land region on the lower reaches of the Elbe, located in the district of Stade, is still a real insider tip with attractive prices. However, the expansion of the A20 Elbe crossing could soon change that. In the future, the new tunnel route will connect Drochtersen in the Stade district with Glücksstadt in the Steinburg district. In addition, the A26 freeway is currently under construction, which will link up with the A7 near Hamburg via Stade and thus also significantly reduce commuting times to the Hanseatic city.'
Even in 12 of 21 analyzed regions in the suburban belt including the city of Hamburg, the prices for residential property climbed between ten percent and nearly 17 percent. Rotenburg (Wümme) and Lübeck recorded the strongest price increases from 2019 to 2020, each with almost 17 percent, closely followed by Ostholstein with 16.1 percent. While price increases in Neumünster, Uelzen and Northwest Mecklenburg ranged from 15.1 percent to 15.5 percent, average property prices in Cuxhaven increased by 14.4 percent, in Dithmarschen by 13.1 percent and in Lüneburg by 11.1 percent. In Schwerin, Steinburg and Lüchow-Dannenberg, property price increases ranged from ten percent to 10.7 percent.Volker Dallmann, Branch Manager of the VON POLL IMMOBILIEN stores in Stade, Buxtehude, Cuxhaven and Harburg:
"It is striking that two thirds of the analyzed districts with price increases in the double-digit range are currently still below the 300,000 euro mark for detached and semi-detached houses. It is therefore to be expected that the upward trend in these regions will continue in the coming years. Capital investors in particular can still find profitable properties here. But these regions also offer good opportunities for anyone looking for a second home. In Cuxhaven, for example, we have registered an increased demand for properties as second homes in recent years. Interestingly, the buyers here come mainly from the states of Bavaria and North Rhine-Westphalia.'2. Price increase of the last ten years in Luebeck more than twice as high as in Ludwigslust Parchim
In the ten-year comparison Luebeck leads the Ranking of the purchase price developments - here buyers pay 2020 approximately 99.4 per cent more for a one and two-family house than 2010. Also in east Holstein with 96.7 per cent, in Lueneburg with 96.5 per cent and in Neumuenster with 92.6 per cent the purchase prices rose clearly in the last ten years. Compared to 2010, prospective buyers in 2020 in Stormarn, Uelzen, Pinneberg, Segeberg, Dithmarschen and Duchy of Lauenburg are paying between 81.3 percent and 88.5 percent more for a house. In Cuxhaven, Harburg, Hamburg, Rotenburg (Wümme) and northwest Mecklenburg the real estate prices rose between 71.9 per cent and 79.7 per cent. Below the 70 percent limit, the regions of Heidekreis, Steinburg, Schwerin and Lüchow-Dannenberg with price increases between 61.1 percent and 68.8 percent rank themselves in the ten-year review. Prices for detached and semi-detached houses rose the least in Stade with 59 percent and Ludwigslust-Parchim with 46.7 percent.
