The Postbank released the Wohnatlas 2019. Under direction of the Hamburg Institute of International Economics (HWWI), the company examines the Germany-wide development of purchasing prices by 2030. In order to determine in which regions real estate prices rise particularly strong or stay stable, data from 401 cities and municipalities has been gathered. The basis of the results is an analysis of the development of supply and demand, the demographic structure, the development of household sizes and income, housing costs and vacancy rates.
Prices are growing – also in the surrounding areas
The major realisation: Strong price growths aren’t only expected in major cities. Because due to a permanently growing population and a positive development of economy and income, demand for living space grows especially in the commuter belts of metropolises, with which prices grow as well. Such a development is expected in the greater Berlin area for example: By 2030, the average price increase per year in the North located district Oberhavel should surpass even the price growth of the capital. Potsdam too receives good predictions for a moderate price increase, since it can benefit with its location in the suburbs of Berlin from the economic development of the conurbation.
This however shouldn’t imply that real estate investments in economically underdeveloped regions with sinking population counts wouldn’t be worthwhile. The Wohnatlas emphasizes that negative price predictions don’t apply comprehensively to every property. Crucial would still be the exact location and facilities of the object, so that a purchase even in these regions could provide financial securities and constitute a major component in personal life planning.
Further growth expected in major cities
Beyond that, there is no trend reversal in Germany’s biggest cities. Aside from the demographic and economic price drivers, the still prevalent demand surplus will boost prices. Both domestic and foreign investors are becoming increasingly interested in condominiums in popular locations, so that single properties in desired districts get offered at significantly higher prices. Here, the Wohnatlas recommends to consult an expert for the search and rating of worthwhile real estate properties.
The Postbank releases the Wohnatlas every year. The series of studies, which compromises of multiple parts, examines all housing markets in Germany between district and city levels. While doing so, the analyses and predictions focus on different aspects – like on the development of purchase prices in this present second release of the year 2019.
This page is also available in: Deutsch