Real estate markets in the surrounding areas of German metropolises

Old town of Lueneburg

Attractive, but not much cheaper to live than Hamburg. When looking for a new home, it is worth taking a look beyond the boundaries of the big cities.

(Photo: Westend61 / pure.passion.photography)

Hamburg Since the beginning of the corona pandemic, more people than ever have wanted a house in the country and plenty of space. Figures like those of the real estate portal Immoscout24 prove the new land love: In June 2021, advertised single-family homes for sale in the bacon belts of Berlin, Munich, Hamburg, Frankfurt and Cologne received around 58 percent more inquiries than before the first lockdown in February 2020.

And purchase prices for apartments in non-urban areas rose faster than in cities in the twelve months to mid-2021 – for the first time since the early 1990s, as UBS showed.

But when looking for a new home, it is still worth taking a look beyond the boundaries of the big cities. The Handelsblatt has analyzed the residential property markets on the outskirts of seven German metropolises. Hamburg starts this week.

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