In Hamburg, More Expensive new flats

01.04.2011 00:05
Articles about real estate | In Hamburg, More Expensive new flats Average cost per square meter apartment in a new for the year 2010 increased by 7%, to 5000.

More than just new housing has risen in price in the Eppendorf / Hoeluft (+18%), and in the vicinity of St. George (13.5%). In the area Lokshtedt in 2009, ranked first in the list in 2010, the average cost of new housing has increased by 10,5%.

Related article: Construction output in the euro area continued to decline

Analysis of the cost of 1 sq. km. meters of new apartments in different areas gives a slightly different picture. Thus, the most expensive "boxes" on? 7000 can be found in Harvestehude. In the neighboring district Roterbaum the figure was? 5800. Completing the top five most expensive areas Ulenhorst and Eppendorf. The first cost of 1 sq. km. meters of new apartments in two years rose from? 4,400 to ? 4,600 in the second - with? 3,800 to ? 4,500.

The lowest price recorded in the area Aylbek / Hohenfelde (? 3400 ? 3,300 in 2010 and 2009), Immobilien Zeitung reported citing company data Grossmann & Berger.

The rise in prices due to the fact that Hamburg is constantly attracts highly paid professionals of different professions, which leads to an increase in housing demand, while interest rates on mortgage loans in this city is traditionally low (about 4%.). In addition, the city built annually too few new apartments. For comparison: in 2009, was handed over 1,867 new apartments, and in 2010 - only 1024.

According to analysts the company is a direct consequence of the insufficient number of available spots for construction and extremely time-consuming process of obtaining a building permit. By law, the permit to be issued in three months, but in fact have to wait three months and one year.
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