Current Price Per Square Meter on Sylt Beaches: A Comparison to Other German Coastal Regions
North and Baltic Sea Coasts' Real Estate Prices Soar Again
👍🏠 Here's a lowdown on the latest real estate market trends along Germany's North and Baltic Sea coasts, where properties with a watery horizon continue to captivate buyers.
Insight: Demand remains high, especially for locations with picturesque landscapes and a rich history, such as Sylt, which boasts both
Despite the impact of the Ukraine war, inflation, increased costs, and interest rate hikes, the resilient real estate market along the North and Baltic Sea coasts is showing a revival. According to Von Poll Immobilien, a well-known real estate agency, prices are up by more than 10% in many regions.
Daniel Ritter, managing partner of the firm, said, "We see an overall increase in nine out of twelve regions we analyzed, with some areas seeing a staggering increase of over 10%."
The North Frisian Islands are the most expensive region, with an average of 12,294 euros per square meter of living space in the first quarter - a significant 10.3% increase compared to the previous year. Sylt, in particular, accounts for these steep prices as it continues to be one of the most sought-after locations on Germany's coastline. A square meter of living space here will set you back an average of 14,597 euros – a 5.3% increase from last year.
The East Frisian Islands, while more affordable, are still out of reach for many with an average cost of 8,743 euros per square meter - a drop of 2.9% compared to the previous quarter.
Moving to the Baltic Sea coast, Fischland-Darß-Zingst stands out as the priciest region with an average of 4,450 euros per square meter, followed by Rostock (3,730 euros), the islands of Usedom (just under 3,600 euros), and Fehmarn (approaching 3,500 euros). The least expensive region is Vorpommern-Greifswald, where a house costs an average of almost 1,600 euros per square meter.
Insight: Properties with a water view, modern amenities, and good rental potential continue to be in high demand
For those looking to throw their hat into the ring, affordability might be a concern, but the promise of tranquil living, awe-inspiring views, and the potential for rental income can make it all worthwhile! If you're looking for some expert insight before diving into the market, check out markets like Kiel, Plön, Eckernförde, Neumünster, and Rendsburg – they're on the up!
- Despite the ongoing challenges such as inflation, increased costs, and interest rate hikes due to the Ukraine war, the real estate market along the North and Baltic Sea coasts is experiencing a resurgence, with prices rising by more than 10% in many regions.
- Daniel Ritter, managing partner of Von Poll Immobilien, notes an overall increase in nine out of twelve analyzed regions, with some areas seeing a remarkable increase of over 10%.
- The North Frisian Islands, particularly Sylt, are the most expensive regions, with an average cost of 12,294 euros per square meter, a 10.3% increase compared to the previous year.
- For investors seeking affordable properties with the potential for rental income, markets like Kiel, Plön, Eckernförde, Neumünster, and Rendsburg could be worth considering, as they are currently on the rise.
