“Weitblick” house in Herrenberg near Stuttgart, a passive house built in a joint venture.
(Photo: Heinz Rainer Plitschka)
Frankfurt Munich, Stuttgart, Frankfurt: real estate prices in major German cities are higher than ever. In 2020 alone, prices for new apartments rose by up to 17 percent.
A forecast by the real estate agency Immobilienscout24 shows no turnaround in the real estate market for the next twelve months either. In Berlin, for example, the cost of a new apartment could rise by almost 13 percent, in Hamburg by a little over seven percent.
At the same time, building materials such as steel or cement are costing more and more – steel, for example, has risen by around 40 percent since the beginning of the year, and copper prices have risen by 25 percent. So if you want to buy your own home, you have to dig deep into your pockets. In addition to real estate transfer tax and notary fees, there are also profit surcharges for conventional construction via a property developer.
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