DESPITE THE CORONA CRISIS: THE MARKET FOR RESIDENTIAL PROPERTY CONTINUES TO GET UP
Good news for the industry - and a signal for buyers to make a decision: the IMX residential property index determined by ImmoScout24 now confirms that purchase and rental prices have picked up again. After flattening out in the first quarter, prices across all property types began to move again in the second quarter - and in some cases sharply upwards. Condominiums rose in price across Germany between the beginning of April and the end of June: existing properties by 2.5 percent, new buildings by 1.3 percent. For comparison: In the first quarter, the purchase prices for apartments were rather flat at +0.7 percent. Recently, house prices increased particularly strongly in Hamburg (+ 3.0 percent), Berlin (+ 2.8 percent), Munich (+ 2.6 percent), Frankfurt (+ 2.4 percent) and Cologne (+1.7 percent) ) to. The prices for single-family houses in existing buildings increased by 1.7 percent in the second quarter, those for new single-family houses by 1.5 percent. The robust price development is echoed in the rent development, for example in Munich with +1.9 percent, Hamburg and Frankfurt with +1.4 percent or Cologne with +1.1 percent. On average in Germany, existing rents rose by 0.2 percent compared to the previous quarter.