Price differences of new construction and existing properties: Where is the purchase worth?

Price differences of new construction and existing properties: Where is the purchase worth?

Here the price difference between new buildings and existing apartments is greatest

Not every property buyer and every real estate buyer dreams of a modern new building. Some prefer stucco -tortured old buildings, simple post -war buildings or the charm of the 1970s. But when the wallet decides, it is advisable in almost all 400 German regions to choose an inventory property built before 2021. Because new buildings are more expensive everywhere, with the exception of the North Friesland holiday region. In some counties and independent cities, however, a somewhat more expensive new building can also be a cheaper investment in the medium term, since older condominiums often have to be renovated or renovated.

The Postbank residentialatlas provides an overview of the regional price differences between condominiums in the existing and new buildings that were completed between 2021 and 2023. According to the analysis, new buildings are significantly more expensive than existing apartments, especially in the Bavarian holiday regions. The largest price differences are available in the Upper Bavarian district of Miesbach, which belongs to the catchment area of ​​Munich. There, the square meter of an apartment in the middle price segment completed in 2021 costs 7,380 euros, while a new building costs almost 13,000 euros per square meter. When buying a 70-square-meter apartment, this results in a price difference of 382,474 euros in the Miesbach district.

The top 10 regions with the largest new building price include other counties and cities such as Erlangen, Mainz, Speyer, Fürstenfeldbruck and Dachau. Lübeck is the only representative from the north. Stuttgart and Munich, as representatives of the big 7 metropolises, are also expensive locations for new construction fans in the middle price segment. In contrast to the previous year, Berlin is no longer represented in the top 10, the price difference between 70 square meter apartments in old and new buildings is just under 190,000 euros. Nuremberg and the district of Starnberg also no longer made it into the top 10. On the other hand, Speyer, Fürstenfeldbruck and Dachau.

In some southern cities and counties, the price differences in the upper price segment are even greater. The difference in Munich, Stuttgart, Garmisch-Partenkirchen, Speyer and Heidelberg is several hundred thousand euros. The surcharges for luxurious new apartments are also remarkable in the district of Lindau on Lake Constance and in the Hochtaunuskreis near Frankfurt.

While the price surcharges for new buildings in the big cities are quite high, they are on average in 27 regions of Germany under an average of EUR 1,250 per square meter. For a 70-square-meter property apartment in the new building in the middle price segment, buyers pay a maximum of 87,500 euros more than for construction years before 2021. In some regions such as Aurich, Leer, Wittmund, Friesland, Uelzen, the Eifelkreis Bitburg-Prüm as well as the district of Vorpommern-Greifswald and both in the city of Rostock are proportionate low.

"With low up-building, new apartments have the advantage of an energy-efficient construction. In times of increased living and living costs, buyers can save. Further renovation costs are usually also left- for example for a new kitchen, modern bathrooms or a contemporary floor plan," says Manuel Beermann, responsible for the postbank's real estate business. "Ultimately, the purchase should not only be made dependent on the year of construction. Interested parties should always weigh up all the advantages and disadvantages of the respective condominium."

In some regions, the coveted locations are already built on, and it is difficult to find new buildings. These are often located on less attractive land. In such cases, a well -kept old building is the better choice. This applies above all to the North Friesland holiday region with the islands of Amrum and Sylt, where existing apartments are an average of 61,818 euros more expensive than new buildings.

Postbank Wohnatlas is a comprehensive series of study that examines the German real estate market from various aspects. The present analysis was carried out under the direction of the Hamburg World Economic Institute (HWWI).