Germany, the luxury real estate market is boom

With the growth in prosperity and the increase in the world’s affluent population of High Net Worth Individuals (HNWI), the number of potential buyers in the luxury housing market is growing.

Recently, prices have increased rapidly not only for apartments, detached and semi-detached houses, but also for luxury real estate.

14 % – consider to buy next year or in the next three years

25 % – want to buy even more real estate

12 % – plan to sell their property next year

17 % – expect to be sold within the next three years.

A price increase of more than 5,000 euros per square meter for condominiums in German megacities has already become a common phenomenon in the modern market.

A fixed rate per square meter is no longer a reliable definition.

As an understanding of the term “elite real estate”, Binert calls the location: neighbors, the side of the streets can have a decisive influence on determining the value of real estate.

Quelle:  mietercoach.de

Foto: pixabay.com