Real estate crisis in Hohenzollerische: Prices fall dramatic!
Real estate crisis in Hohenzollerische: Prices fall dramatic!
In an alarming trend, the real estate market in the northern Zollernalb district is exposed to a dramatic decline, as the recently published Property Market Report shows the joint expert committee Hohenzollern. The report, which delivers a comprehensive analysis of 2021 to 2023, reveals a decline in sales of remarkable -7.1 % between 2021 and 2022 and worrying -28.2 % from 2022.
The sales figures for residential buildings fell by catastrophic -56.1 % in 2023 and that of residential property even impressive -71.0 %. The lower market is particularly violently affected, while the upper market seems only slightly more stable. According to Nussbaum , the differences in the real estate market are clearly visible in the different communities: where better infrastructure and milk price fights exist, some of the markets and some are more troubled and Prices.
unique market analyzes and comparison values
In addition to the falling sales, the report notes that the real value factors - the relationship between the actual purchase price and the legally determined standard value - show significant differences between the market segments. These factors indicate that simpler real estate gain popularity in the lower price range, while the values in the upper segments subsume. The average price of residential buildings fell from € 317,500 in 2022 to just € 264,000 in 2023. This can not only be interpreted as a sign of a market correction, but also as a direct reaction to today's economic conditions and the uncertainties in the global construction industry.Market development is particularly important for the over 61,700 inhabitants in the region that are dependent on a stable real estate market. The report shows that the effects on housing and property sales are serious and that further analyzes are necessary to better understand the long-term trends in this sector.
| Details | |
|---|---|
| Ort | Hechingen, Deutschland |
| Quellen | |
Kommentare (0)