echo24LebenConsumer
Which cities in Germany are the most expensive to live in – and which are the cheapest? The average loan amount that is taken out for a house or an apartment gives an indication.
Only 42.1 percent of Germans live in their own home – according to “Haus.de” less than in any other EU country. And according to a study by “empirica” and “LBS Research” from 2022, not much will change here either. And this despite the fact that real estate prices have fallen for the first time in years.
It could fail for some because of the rising interest rates for the loan. echo24.de reveals where the average loan amount is highest in the 20 largest German cities. For this purpose, the results of a study by “CHECK24” were used.
Where is the cheapest place to live? These cities are at the top
Before it comes to the most expensive cities, everyone who wants to take out a loan to buy an apartment or for a construction project in Leipzig can breathe a sigh of relief. Because in the Saxon independent city you pay relatively little, at least compared to the 19 other largest German cities. According to “CHECK24”, house or apartment buyers in Leipzig would need an average of 288,700 euros from the bank.
For comparison: On average, Germans need a loan of 368,900 euros for real estate financing. Leipzig is around 22 percent below the average, followed by Bremen (301,100 euros) and Duisburg (301,700 euros).
Buying an apartment or building a house: This is where you have to pay the most
On the other hand, customers from Hamburg and Frankfurt am Main need a particularly large amount of money from the bank. On average, “CHECK24” customers would request construction financing of EUR 486,600 or EUR 490,900. So almost twice as much as in Leipzig.
Many Germans take out a loan from the bank to finance construction. © Rupert Oberhäuser/Imago
This is particularly interesting from the point of view that there is hardly any Hessian municipality with such a large gap between rich and poor as in Germany’s leading financial center. According to a study by the Frankfurt University of Applied Sciences, one in five people in Frankfurt am Main lives in poverty, while more than one in ten is wealthy or rich.
0
also read
The highest loans for buying an apartment or building projects are applied for in Munich
Munich residents need the highest loans to finance the purchase of an apartment or a building project. According to “CHECK24§, their customers request construction financing in the amount of 572,500 euros on average. Ingo Foitzik, Managing Director of construction financing at §CHECK24§, explains this as follows: “Munich is known for the high demand for apartments and the high real estate prices.” The loan amounts required would also be correspondingly high.
At the same time, the metropolitan region of Munich is also economically strong and offers many well-paid jobs. As a result, Munich residents would also receive more money from the bank than in many other regions of Germany.
Stuttgart in 5th place: Loans on average over 440,000 euros
A city in Baden-Württemberg has also made it into the top 5 most expensive cities in Germany when it comes to loan amounts for buying a home or building projects: Stuttgart. In the state capital, an average of 446,200 euros is applied for. Heilbronn may not have made it into the top 20 nationwide, but even there prospective homeowners have to dig deep into their pockets.
The entire ranking – from the cheapest to the most expensive city for buying a house
The overview shows at a glance in which city the average lowest and in which the average highest amount of construction financing is requested.
München: 572.500 EuroFrankfurt am Main: 490.900 EuroHamburg: 486.600 EuroDüsseldorf: 454.100 EuroStuttgart: 446.200 EuroKöln: 436.900 EuroMünster: 418.200 EuroBerlin: 408.900 EuroBonn: 406.900 EuroHannover: 378.400 EuroNuremberg: 365.100 EuroBielefeld: 350.600 EuroBochum: 344.900 EuroEssen: 340.500 EuroDresden: 334.400 EuroWuppertal: 318.700 EuroDortmund: 317.000 EuroDuisburg: 301.700 EuroBremen: 301.100 EuroLeipzig: 288.700 Euro
The results come from statistics from “CHECK24”.
#expensive #cities #buy #house #Stuttgart #among #top
