NewsHomeownership is becoming unaffordable in the Hamburg area

Homeownership is becoming unaffordable in the Hamburg area

Horror prices: Real estate in the Hamburg area has become up to 50 percent expensive. But if you look smart, you can still get a bargain.

Hamburg – The dramatic trend towards unaffordable home ownership has been noticeable for Hamburg's citizens for a long time. Now it is also establishing itself in the bacon belt. One reason: The new trend to love the country, which even intensified in the big cities during the Corona times. The dream of a spacious home office with a view of the countryside, your own vegetable garden and local recreation in front of the door makes quieter regions attractive.

More and more Hamburgers are also moving to the surrounding area to realize their dream of having their own vegetable garden or home office with a view of the countryside. The result: Real estate prices have risen sharply throughout the entire Hamburg hamlet *. Purchase prices for residential property have increased by up to a whopping fifty percent – as in Trittau or Schenefeld, for example – within just one year. This is shown by the new figures in the LBS Real Estate Atlas 2021 "Hamburg and the surrounding area". And this trend will continue, according to industry experts. But if you know where to look, you can still get a bargain. The basic rule is: the further away from the city center, the cheaper you get a square meter of living space. * is an offer from IPPEN.MEDIA.

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