Real estate market in Nuremberg: Stability and price increase in the 3rd quarter

The German real estate market is experiencing a real upswing: The prices for existing apartments are increasing again! After a turbulent period of uncertainties, the Immowelt Prize compass for the 3rd quarter 2024 that the time of the drastic declines is now a thing of the past. The stabilization has arrived, and that with a price increase of +0.8 percent to EUR 3,128 per square meter throughout Germany!

reports reveal that in the housing metropolises Germany's demand for apartments is unbroken. In 11 of 15 cities , prices have climbed-among other things in popular cities such as Dresden and Nuremberg. The cities are stable and magically attract buyers.

powerful price increases in the big cities

Munich remains the undisputed expensive city with a price of 8,190 euros per square meter, that is only minimal -0.1 percent less than in the previous quarter. Berlin keeps Wacker with almost constant prices at 4,859 euros. And while Cologne has to accept a small damper of -0.8 percent, the prices in Hamburg For the third time in a row -there are now 5,977 euros per square meter (+2.2 percent).

• dortmund : Here was the highest price increase with +3.7 percent. Buyers now have to expect 2,580 euros per square meter after the prices had been fallen before.
• food : increase by +1.3 percent to 2,481 euros per square meter.
• düsseldorf : prices increase by +2.3 percent to 4,296 euros per square meter.

The data show that the Real Estate markets in cities such as Nuremberg and Stuttgart flourishes with strong growth of 2 percent and more. Especially in Dresden , real estate prices climb +3.3 percent, while Nuremberg is +2.7 percent.

market analysis: highs and lows in the Ruhr area

in the Ruhr area , however, the situation is a little different. Here, buyers have to adjust to fluctuations: Duisburg with a price of 1,861 euros per square meter is still one of the cheapest cities, while the prices in Essen have risen stable. The Ruhr area is in a constant up and down, which the buyers presents with challenges.

"The big crisis of the real estate market seems to be over," confirms Piet Derriks , Managing Director of Immowelt. "The market is now in a finding phase, and the falling interest rates ensure a noticeable revitalization." The message is clear: now the right moment for buying real estate could be!

The conditions for buyers are currently favorable: a wide range and scope for negotiation await you, especially in the case of real estate in need of renovation. And the forecasts? If the interest continues to fall, the prices could continue to rise - it remains exciting!

Detailed information and graphics on all 15 cities can be found in the Immowelt Prize compass, now in the 15th edition! Do not miss these valuable insights into the residential property market!