German Property Market: Prices for Condos up by 3.9% and rents more than 5%

Every quarter empirica publish their research results for the German Property Market. The empirica-Index for the first quarter 2012 indicates rising prices for Condos and rents and a further shift in the ranking of the big cities in the German Property Market. Especially the rise of the ranking for Berlin Properties shows an interesting development.

	Purchase Prices (Condos from 2000 onwards, 60-80 sqm, high standard)
	Euro per sqm			Ranking
City	Q1/07	Q1/11	Q1/12	Q1/07	Q1/11	Q1/12
München	3.238	3.903	4.351	1	1	1
Freiburg	2.630	2.867	3.595	7	4	2
Hamburg	2.699	3.062	3.396	5	2	3
Regensburg	2.812	2.836	3.044	2	5	4
Erlangen	2.287	2.567	3.032	18	13	5
Bamberg	2.209	2.642	3.012	26	10	6
Ingolstadt	2.489	2.687	2.940	9	9	7
Stuttgart	2.637	2.800	2.908	6	6	8
Frankfurt a.M.	2.468	3.002	2.898	10	3	9
Ulm	2.229	2.460	2.836	24	18	10
Baden-Baden	2.720	2.737	2.816	3	7	11
Flensburg	2.323	2.477	2.790	14	17	12
Düsseldorf	2.384	2.640	2.723	12	11	13
Heidelberg	2.699	2.695	2.704	4	8	14
Lübeck	2.283	2.304	2.675	20	27	15
Landshut	2.322	2.564	2.673	15	14	16
Potsdam	2.223	2.547	2.662	25	15	17
Bonn	2.241	2.446	2.644	22	20	18
Berlin	2.058	2.444	2.634	37	21	19

	Residential Rent (from 2000 onward, 60-80 sqm, high quality standard)
	Euro per sqm			Ranking
City	Q1/07	Q1/11	Q1/12	Q1/07	Q1/11	Q1/12
München	11,27	12,45	13,28	1	1	1
Frankfurt a.M.	10,26	11,50	11,94	2	2	2
Hamburg	9,08	11,09	11,35	8	3	3
Heidelberg	10,22	11,02	10,93	3	4	4
Stuttgart	9,42	10,33	10,61	4	5	5
Düsseldorf	8,98	10,12	10,44	9	7	6
Freiburg	9,31	9,90	10,32	5	8	7
Wiesbaden	9,29	10,14	10,15	6	6	8
Darmstadt	8,75	9,88	9,97	11	9	9
Mainz	8,94	9,74	9,85	10	10	10
Köln	9,12	9,50	9,71	7	11	11
Ingolstadt	7,77	9,30	9,65	26	12	12
Karlsruhe	8,40	9,09	9,60	14	14	13
Baden-Baden	8,52	9,03	9,58	12	15	14
Ulm	8,01	8,95	9,52	22	16	15
Bonn	8,07	8,73	9,33	19	20	16
Münster	8,37	9,24	9,30	15	13	17
Nürnberg	8,09	8,85	9,21	18	18	18
Regensburg	8,41	8,91	9,13	13	17	19
Erlangen	7,67	8,79	9,12	28	19	20
Berlin	6,69	8,52	9,11	61	24	21

Source: IDN-Immodaten GmbH

Brief company profile of empirica

empirica is an independent economic and social science consultancy. The business was founded in 1990. Today it consists of three closely co-operating offices based in Berlin, Bonn and Leipzig. empirica provides services to public and private clients in various different sectors. Their clients include banks, building societies, insurance companies, building contractors, property investors, local authorities, local government associations, regional and federal ministries and foundations.

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Uwe Falkenberg

German Property Market: Prices for Condos up by 3.9% and rents more than 5%