Nuremberg (end)
An immowelt analysis for the 14 largest cities shows how much real estate buyers can save if they commute an hour out of the city with the Deutschlandticket:
- Anyone who commutes up to 60 minutes by public transport saves an average of at least a quarter when buying an apartment in 9 out of 14 cities
- Biggest savings factor in Hamburg (-44 percent): Instead of an average of 6,404 euros in the city, buyers in the communities that can be reached with the 49-euro ticket pay 3,572 euros per square meter
- Expensive metropolises with savings potential: Especially in Cologne (-39 percent) and Berlin (-38 percent) it is worth getting out of the city
- East: Apartments in the area around Leipzig cost an average of 40 percent less and in Dresden 28 percent less
The 49-euro ticket will start in Germany on May 1st. The discounted use of buses and trains can also be an opportunity for real estate buyers. Because if you are willing to move out of the big cities and accept a commute of up to an hour, you save on average at least 25 percent of the purchase price for an existing apartment in 9 of 14 major cities surveyed. Depending on the city, the average saving is even 44 percent. This is the result of a current immowelt analysis, for which the real estate prices in 14 cities with more than 500,000 inhabitants and their commuter belts were examined. For this purpose, the purchase prices of existing apartments (75 square meters, 3 rooms, 1st floor, built in the 1990s) in the city area were compared with the purchase prices in the communities that can be reached within 60 minutes by public transport and have fewer than 100,000 inhabitants.
“The Deutschlandticket is a financial relief for many commuters and offers great potential for rural regions. The better local public transport is expanded there, the more attractive the country will become – also in combination with home office for city dwellers,” says Felix Kusch, immowelt Country Managing Director. “The surrounding area, which is often less expensive, still offers many families the chance to realize their dream of owning their own four walls.”
Biggest savings factor in Hamburg
Real estate buyers can save the most in the Hamburg area. The average purchase price of apartments that can be reached from the city center within one hour by public transport is currently 3,572 euros per square meter. That is 44 percent less than the average Hamburg price of 6,404 euros. Depending on the municipality, the savings potential is even greater within a 60-minute radius. If you take the regional train to the north-east, you will find the small community of Bühnsdorf in the Segeberg district. In the very rural area, used apartments cost an average of 2,268 euros per square meter, which is 65 percent less than in Hamburg. In general, however, buyers should note that properties are sold much less frequently in such small communities than in cities. It is therefore often worth taking a look at the surrounding villages.
In addition to Hamburg, the surrounding areas of other major cities also offer affordable housing. In Düsseldorf, existing apartments in the 60-minute surrounding area are on average 41 percent cheaper: instead of 4,779 euros in the big city, a square meter in the country costs an average of 2,819 euros. In the municipality of Kerken on the Lower Rhine, which can be reached easily in 50 minutes by regional express thanks to its own train station, the current average price is 1,841 euros – i.e. 61 percent less.
Metropolises with savings potential: Cologne, Berlin and Munich
In Cologne, the average saving is only slightly lower than in Düsseldorf: If you are willing to commute an hour by public transport, you will find prices that are 39 percent lower. The median asking price in Cologne is 5,123 euros and in the surrounding area it is 3,107 euros per square metre. In the Brandenburg bacon belt of Berlin, the price level is also significantly lower than in the metropolis. While prices per square meter are currently being quoted at 5,150 euros in the capital, the average price an hour by bus or train from the city center is 3,181 euros per square meter, 38 percent lower. But even in the Berlin area, you can still save significantly more money. In Brandenburg an der Havel, home ownership costs significantly less, averaging EUR 2,514 per square metre. Thanks to good train connections, you can get to Berlin Central Station in 60 minutes with a 49-euro ticket. The ICE would be even faster.
In Frankfurt, the average percentage difference to the commuter belt is 38 percent, just as large as in Berlin, but the price level is noticeably higher. In the banking metropolis, buyers are currently paying an average of 5,934 euros per square meter. An hour away by bus and train, however, it is only an average of 3,711 euros per square meter. Munich is even more expensive than Frankfurt at EUR 8,778 per square meter. And even the average price in the 60-minute surrounding area, at 6,623 euros per square metre, is higher than that of all the other cities surveyed. One of the reasons for this is that the municipalities on the lakes in the foothills of the Alps, which are among the most expensive real estate regions in Germany, are also within the radius. After all, buyers can save an average of a quarter of the purchase price in some places by switching to the commuter belt. The cheapest community that can be reached from Munich in less than 60 minutes with the Deutschlandticket is Hohenkammer. In the community north of the state capital, apartments cost an average of €4,407 per square meter, half as much as in Munich.
Large differences in Leipzig, small differences in Essen
When looking at the cheapest major cities, it is noticeable that there is great potential for savings, especially in eastern Germany. The difference in Leipzig to the surrounding area is 40 percent on average – although Leipzig is already the cheapest city in the analysis at 2,571 euros per square meter. However, if you are willing to commute for an hour, you only have to pay an average of 1,549 euros per square meter. Searching in the catchment area is also worthwhile in Dresden (2,718 euros per square meter; -28 percent).
In the Ruhr area, on the other hand, there are only small price differences due to the dense population and the few rural regions. Some of the major cities in the conurbation border directly on other major cities, so that there is often no real surrounding area with sparsely populated areas. At an average of 2,781 euros per square metre, food is only 13 percent more expensive than the 60-minute environment at 2,414 euros per square metre. In Dortmund, too, the difference is small at 19 percent.
Calculation basis:
The data basis for calculating the purchase prices were offers advertised on immowelt.de in the 14 cities with more than 500,000 inhabitants and the surrounding communities that can be reached by public transport within 60 minutes from the city center. Cities with more than 100,000 inhabitants in the surrounding area were excluded. The values calculated using hedonic methods reflect the average square meter prices of existing apartments (75 square meters, 3 rooms, 1st floor, built in the 1990s) as of April 1st, 2023. These are offer prices, not closing prices.
You can find this and other press releases from immowelt.de in our press area at presse.immowelt.de.
About real estate:
immowelt is part of the AVIV Group, one of the largest digital real estate tech companies in the world.
The immowelt mission is to digitize all steps of the real estate transaction in the future in order to make it as uncomplicated and simple as possible for everyone involved. The basis for this is provided by the wide-ranging immowelt portals, which are among the leading real estate platforms in Germany and Austria and are already successfully bringing together owners, real estate professionals and those looking for something. With data-supported services, immowelt supports the uncomplicated search for a rental apartment, the effective marketing of a property and tailor-made financing for your own four walls. Thanks to decades of experience and extensive real estate know-how, immowelt creates the perfect sense of achievement for tenants and landlords, real estate professionals, property owners and buyers.
In addition to immowelt, other leading real estate online marketplaces in France, Belgium and Israel belong to the AVIV Group, which is part of Axel Springer SE.
Press contact:
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Barbara Schmid
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Original content from: immowelt, transmitted by news aktuell
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