The purchase price for a home is now around 388,000 euros on average. Depending on the location, however, there are big differences in terms of square meters.
According to a study, when buying residential property in the country instead of in the city, consumers save on average almost a third of the purchase price. In the cities, the average price is 4180 euros, in the countryside 2806 euros per square meter. This emerges from a survey by the Institute of German Economics and the Allenbach Institute for the Association of Sparda Banks, which is available to the German Press Agency. In the seven largest German cities, you pay an average of 6038 euros per square meter.
According to the study, prices per square meter have risen by more than a fifth over the past two years. The gap between cheap and expensive regions continues to widen. A buyer now has to put an average of around 388,000 euros on the table for a condominium or house. Depending on the location, he gets a very different amount of living space: from an apartment with 44 square meters in Munich to a house with 451 square meters in the Kyffhäuser district in Thuringia.
Source: Stern
