Hanover: Aufwunbing real estate market with new successes and trends!

Hanover: Aufwunbing real estate market with new successes and trends!

Hannover established itself in 2024 as an emerging city on the German real estate market. The price increase of 2.4 % in the 4th quarter of 2024 has increased the average square meter price in the city to 3,371 euros, such as Hamburg.

The central location of Hanover positions the city as a significant traffic junction and business center, which companies benefit from a good connection to highways, railways and international airport. In addition, the stable economic basis through industry, trade and the service sector ensures a high quality of life that is encouraged by green oases such as the Eilenriede and the proximity to the Maschsee.

developments in the real estate market

The city is investing in sustainable residential projects and modernizing existing real estate. The improved financing conditions with stable construction interest of around 3.5 % for 10-year loans have a positive effect on the market. Experts expect the real estate market in Hanover to continue to gain dynamics in the coming years.

The Hanover region is one of the five -sales locations in Germany, with sales forecast for 2024 of around 8.57 billion euros, which represents an increase of over 400 million euros compared to the previous year. Thus, the inner city locations have increasing number of visitors and rentals, while inpatient trade has to continue to master challenges such as weak consumption tendency and shortage of skilled workers, such as reported.

-transmitted by West-Ost-Medien

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OrtHannover, Deutschland
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