Where home ownership becomes a bargain: 130 regions in focus!

Where home ownership becomes a bargain: 130 regions in focus!

In the current analysis of the Hamburg World Economic Institute (HWWI) on behalf of Postbank, it turns out that the purchase and rental prices in Germany vary greatly. The study, which includes 400 counties and independent cities, highlights the financial burden of buyers and tenants in 2024.

An interesting finding: In 130 regions, less than 15% of household income is sufficient to serve loan payments for a 70-square-meter apartment. On the average of Germany, income pollution for buyers fell to 18.3% (2023: 19.2%). This means that buyers generally have to spend less of their income on real estate loans than in the previous year. On the other hand, the load on the tenants increased slightly - from 13.9% to 14.1% of household income.

who can make a bargain

It is particularly striking that the purchase of a property in 48 regions is cheaper than renting. These regions in which buyers need less income for financing are mostly located in East Germany. A good example is the district of Mansfeld-Südharz, where buyers only have to raise 7.8% of the income for the purchase, while tenants pay 11.0%-a real advantage for those interested in buying.

The data also show that 23% of German households live in regions in which less than 15% of the income is necessary to buy an apartment. On the other hand, 25% live in 56 regions with high purchase prices, where at least 25% of the income for credit financing must be spent. This 25% limit is based on the rule of thumb that no more than 30% of the income for housing costs should be planned.

rents rise, purchase prices fall

On the rental market, there is an opposite trend. As miamakler.de reports, the rental prices rise, especially in large cities like Berlin. In 2022, rental prices for new buildings climbed by around 12%, while rents for existing apartments in Berlin rose by a total of 29%. The media offer for furnished apartments in the capital is currently 32.00 euros per square meter, a real price shock for many tenants.

The high demand for rental apartments in urban centers leads to price increases, while the purchase prices are declining in many places. This dynamic development of the rental market has contributed to the fact that some buyers also see themselves able to re -re -draw the rental sector if they can no longer afford to buy a property in their own district.

Overall, the study shows a clear tendency towards an increasing gap between buyer and rent loads, which is reinforced by regional differences. The market remains exciting and it will be interesting to observe how the situation will develop in the future.

Finally, it can be summarized that both rental and those interested in buying are well advised to consider the regional differences and trends. Even if the prices rise in some areas, there are still good opportunities in many regions that should be used with a good hand.

For further details see also [insurance journal] (https://www.versicherungsjournal.de/markt-und-politik/wo-Wohn ownum-mit-weniger-e-Fuenftel-des-des-finanzlabchare-153477.php) and and Baulinks.