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Engel & Völkers | Germany’s residential property market: Prices plateau on a high across country 

Engel & Völkers | Germany’s residential property market: Prices plateau on a high across country 

Germany’s residential property market: Prices plateau on a high across country 

  • 56 towns and cities across Germany compared in Engel & Völkers report for 2022
  • Stable market dynamics despite inflation and buyer restraint
  • Demand continues to exceed supply in very good locations 

Hamburg, 4 October 2022. In this year’s “Market Report for Residential Property in Germany“, Engel & Völkers analyses current market and price developments in 56 selected locations in the Federal Republic of Germany and makes a forecast with regard to market dynamics over the coming year. With the period of extremely low interest rates coming to an end in the spring of 2022, Germany’s residential real estate market is now entering a new phase. The increase in mortgage interest rates and high rate of inflation have seen property price rises of recent years tail off for the first time. In many places, the time to market also increased due to a drop of demand caused by overall buyer restraint. This has led to a plateauing of prices at a high level and, most recently, slight decreases in asking prices in average and simple locations. In July, the asking price for existing freehold apartments settled at a nationwide average of approx. 4,195 euros per square metre. This still represents a growth of 8.2 percent over the same period last year (July 2021: 3,784 euros per square metre). The market segment for houses reflects a similar picture, with average asking prices levelling out at around 415,000 euros across Germany in July (July 2021: 365,000 euros), representing a year-on-year increase of 13.7 percent. “We find ourselves in new and, for many, unfamiliar circumstances. The residential property market in Germany was predominantly a seller’s market for many years. Now we are seeing a shift towards a buyer’s market. Sharp drops in prices are not expected in the future however. This trend is far more a healthy regulating of the exceptionally high price rises witnessed in recent years,” says Till-Fabian Zalewski, CEO of the DACH region at Engel & Völkers.

Freehold apartments: Sustained demand keeps prices stable

Up until this spring, the segment for freehold apartments was still registering significant price rises, with a 10.3 percent increase in the first half of 2022 (HY1 2022: 4,095 per square metre / HY1 2021: 3,713 euros per square metre). From May 2022 onwards, asking prices plateaued across Germany and in the majority of towns and cities surveyed by Engel & Völkers. In July, moderate price declines were registered compared to the previous month of June in Germany’s Top 7 cities, which include Munich (-1.9 percent), Frankfurt (-1.2 percent), Düsseldorf (-1.4 percent) and Hamburg (-1.3 percent). Berlin and Stuttgart, on the other hand, witnessed slight increases in asking prices of +0.4 percent in the capital and +0.7 percent in the state capital of Baden Wurttemberg. With an average price of 10,067 euros per square metre, Munich leads the ranking of all the locations surveyed, followed by Frankfurt at 6,918 euros per square metre and Hamburg at 6,769 euros per square metre. Due to the ongoing shortage of available listings in many places, prices remain stable at a high level. “Living space in city centres is still very much in demand. The availability of freehold apartments in particular remains too low and the population influx into the big cities is so high that prices will continue to plateau and no major downward corrections are to be expected. Many buyer groups are showing strong credentials in terms of equity, in the prime locations in particular, meaning that slight price rises may still be seen in some locations,” says Till-Fabian Zalewski. Through to the end of 2022, Engel & Völkers forecasts moderate price rises in prime locations in more than a quarter of the 56 towns and cities surveyed.

Detached and semi-detached houses: Munich still highest priced residential location

In the market segment for detached and semi-detached houses, the development in interest rates also had a stifling effect on the rise in prices for the first time. While the percentage price increase in the first half of 2022 was as high as 13.7 percent year-on-year (HY1 2022: 390,000 euros / HY1 2021: 343,000 euros), only moderate changes in asking prices have been registered since June. The Top 7 metropolitan areas of Cologne (+ 0.7 percent) and Stuttgart (+ 5.8 percent) recorded slight price rises, while Munich (-1.5 percent), Berlin (-1.1 percent), Düsseldorf (-0.6 percent), Hamburg (-0.4 percent) and Frankfurt (-0.1 percent) all witnessed a slight decrease in prices. With an average asking price of 1.4 million euros, Munich remains the highest priced location in Germany in July 2022, followed by Heidelberg at 975,000 euros and Stuttgart at 898,000 euros. At the same time, there was a considerable rise in the number of publicly advertised property listings across Germany in the summer due to longer times to market as a result of the increased reluctance to buy. “Although buyers have become more discerning, the market also now offers many opportunities,” says Till-Fabian Zalewski, who goes on to emphasise: “Clients with a serious interest in buying have the chance right now to acquire properties that were more difficult to acquire in recent years due to competition from fellow bidders. In many cases, buyers now have the freedom to choose between different properties once again.”

Prices in German towns and cities remain stable

Valuations on the residential real estate market in Germany continue to be very stable, and while market activity has remained dynamic in recent years, real estate has also proven to be resistant to crisis. In 2021, for example, the transaction volume was 182.4 billion euros and, despite the pandemic, grew 11.7 percent over the previous year (2020: 163.3 billion euros). Even with the recent rise in interest rates, no significant decline in prices is expected in Germany’s major cities until the end of 2022. With regard to availability, the more restrained demand for residential property comes at the same time as a recent decline in construction activity due to a lack of available land for development and higher construction costs. Due to the worsening of financing conditions for some property buyers, pressure on the rental market is on the rise. Looking ahead to the coming winter, buying interest is focused in particular on newly built properties and existing homes that have been renovated with energy efficiency in mind and have modern heating systems installed. “The high demand for houses continues, as does the desire to own a home of one’s own. The level of supply is still too low to meet demand – a fact that will more than compensate for the higher interest rates,” says Till-Fabian Zalewski, who stresses the importance of location: “Real estate, especially in very good locations, remains a crisis-proof investment – not least because competitive investment alternatives are lacking.”

Outlook: Micro-locations to play a decisive role

For the coming months, Engel & Völkers anticipates that prices will remain stable in very good locations and only fall in isolated cases. The development of interest rates will impact the market. Some demand could shift to lower price segments as a result. At the same time, the shortage of real estate and decline in new construction activity will have a stabilising effect on the market. “While general sweeping statements were possible in recent years due to price rises across the entire country, exact forecasts are now difficult to make. They will depend greatly on global political and economic factors. It is therefore crucial now and in the coming months to take a close look at the respective micro-location and the property,” says Till-Fabian Zalewski. In the federal states of Hamburg and Saxony, for instance, the real estate transfer tax is set to be increased in 2023, meaning that it might be worthwhile in individual cases to bring forward a planned property purchase. Due to the geopolitical situation, buyers are becoming increasingly interested in energy-efficient real estate, which in turn will mean there will be a greater need for advice on issues such as energy-efficient renovations in the future. “In turbulent times like these, seeking professional advice from experienced real estate experts is especially important – in order to be in a position to assess the changing market climate correctly,” ´Till-Fabian Zalewski adds.

This is the tenth time that Engel & Völkers has published its “Market Report for Residential Property in Germany”. It contains in-depth analysis of price trends in all residential locations, as well as other developments on the market and financing advice (in German): https://www.engelvoelkers.com/de-de/research/immobilienpreisentwicklung/

Sources:  Asking prices: VALUE Marktdatenbank, Engel & Völkers Residential
transaction figures: Gutachterausschüsse, GEWOS-Immobilienmarktanalyse IMA®, Engel & Völkers Residential

Captions:

Elegant newly built apartment in Berlin
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This elegant apartment has only just been completed in the sought-after Berlin district of Charlottenburg. It has three light-flooded rooms spanning a total of 80 square metres. It is on the market with Engel & Völkers for 999,000 euros. The furnishings are especially premium in quality and include oak parquet, marble floors and custom carpentry. A balcony facing the inner courtyard and an underground parking space round off this listing. (Image source: Engel & Völkers Berlin Hohenzollerndamm Market Center/Alexander Haas)

Large eco-friendly home in Heidelberg
Image Image Image Situated at a prime address within walking distance of Heidelberg’s Old Town, this modern “Holz100” house is set on a woodland plot spanning around 9,000 square metres. The unique low-energy property is especially impressive for its special architectural design and the harmonious use of natural materials such as wood, slate and lava stone. Five bedrooms and study rooms are aligned around a large, light-flooded gallery space with an open plan living and dining area that boasts panoramic views of the city. The naturally landscaped garden boasts three terraces, an automatic irrigation system and a regeneration zone for the large organic pool. The property is on sale with Engel & Völkers for 4.95 million euros. (Image source: Engel & Völkers Heidelberg)

Low-energy house in Hamburg
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This house is in pristine condition and set on an approx. 242 square metre plot at the end of a row of terraced properties in the leafy suburb of Osdorf. It is on the market with Engel & Völkers for 1.08 million euros. The modern amenities are particularly energy-efficient and high in quality, with A+++ appliances. In addition to four bedrooms and a spacious living and dining area, the property also boasts a garden with a sunny south-facing terrace and a parking space. (Image source: Engel & Völkers Hamburg Elbe Market Center)

copyright photos: Engel & Völkers

 

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Engel & Volkers | Mercado inmobiliario residencial de Alemania: los precios se estabilizan en su punto más alto en todo el país

Engel & Volkers | Mercado inmobiliario residencial de Alemania: los precios se estabilizan en su punto más alto en todo el país

Mercado inmobiliario residencial de Alemania: los precios se estabilizan en su punto más alto en todo el país

  • 56 pueblos y ciudades de Alemania comparados en el informe de Engel & Völkers para 2022
  • Dinámica de mercado estable a pesar de la inflación y la moderación del comprador
  • La demanda continúa superando la oferta en muy buenas ubicaciones

Hamburgo, 4 de octubre de 2022. En el “Market Report for Residential Property in Germany” de este año, Engel & Völkers analiza la evolución actual del mercado y los precios en 56 ubicaciones seleccionadas de la República Federal de Alemania y hace una previsión con respecto a la dinámica del mercado para los próximos año. Con el final del período de tasas de interés extremadamente bajas en la primavera de 2022, el mercado inmobiliario residencial de Alemania ahora está entrando en una nueva fase. El aumento de las tasas de interés de las hipotecas y la alta tasa de inflación han hecho que los aumentos de precios de las propiedades de los últimos años disminuyan por primera vez. En muchos lugares, el tiempo de comercialización también aumentó debido a una caída de la demanda provocada por la moderación general de los compradores. Esto ha llevado a un estancamiento de los precios en un nivel alto y, más recientemente, a ligeras disminuciones en los precios de venta en ubicaciones promedio y simples. En julio, el precio de venta de los apartamentos de dominio absoluto existentes se ubicó en un promedio nacional de aprox. 4.195 euros el metro cuadrado. Esto todavía representa un crecimiento del 8,2 por ciento con respecto al mismo período del año pasado (julio de 2021: 3.784 euros por metro cuadrado). El segmento de mercado de viviendas refleja una imagen similar, con precios de venta promedio que se estabilizaron en alrededor de 415 000 euros en toda Alemania en julio (julio de 2021: 365 000 euros), lo que representa un aumento interanual del 13,7 por ciento. “Nos encontramos en circunstancias nuevas y, para muchos, desconocidas. El mercado inmobiliario residencial en Alemania fue predominantemente un mercado de vendedores durante muchos años. Ahora estamos viendo un cambio hacia un mercado de compradores. No se esperan fuertes caídas en los precios en el futuro”. Sin embargo, esta tendencia es mucho más una regulación saludable de los aumentos de precios excepcionalmente altos observados en los últimos años “, dice Till-Fabian Zalewski, CEO de la región DACH en Engel & Völkers.

Pisos en propiedad: La demanda sostenida mantiene los precios estables

Hasta esta primavera, el segmento de apartamentos en propiedad seguía registrando aumentos de precios significativos, con un aumento del 10,3 por ciento en la primera mitad de 2022 (HY1 2022: 4.095 por metro cuadrado / HY1 2021: 3.713 euros por metro cuadrado). A partir de mayo de 2022, los precios de venta se estancaron en toda Alemania y en la mayoría de los pueblos y ciudades encuestados por Engel & Völkers. En julio, se registraron descensos de precios moderados en comparación con el mes anterior de junio en las 7 ciudades principales de Alemania, que incluyen Múnich (-1,9 %), Fráncfort (-1,2 %), Düsseldorf (-1,4 %) y Hamburgo (-1,3 %). . Berlín y Stuttgart, por otro lado, fueron testigos de ligeros aumentos en los precios de venta de +0,4 por ciento en la capital y +0,7 por ciento en la capital del estado de Baden Wurttemberg. Con un precio medio de 10.067 euros el metro cuadrado, Múnich lidera el ranking de todas las localidades encuestadas, seguida de Fráncfort con 6.918 euros el metro cuadrado y Hamburgo con 6.769 euros el metro cuadrado. Debido a la continua escasez de listados disponibles en muchos lugares, los precios se mantienen estables en un nivel alto. “Todavía hay mucha demanda de espacio para vivir en los centros de las ciudades. La disponibilidad de apartamentos de dominio absoluto en particular sigue siendo demasiado baja y la afluencia de población a las grandes ciudades es tan alta que los precios seguirán estabilizándose y no se esperan correcciones a la baja importantes. Muchos grupos de compradores están mostrando sólidas credenciales en términos de equidad, en las ubicaciones principales en particular, lo que significa que aún se pueden ver ligeros aumentos de precios en algunos lugares”, dice Till-Fabian Zalewski. Hasta finales de 2022, Engel & Völkers pronostica aumentos moderados de precios en ubicaciones privilegiadas en más de una cuarta parte de los 56 pueblos y ciudades encuestados.

Viviendas unifamiliares y adosadas: Múnich sigue siendo la zona residencial más cara

En el segmento de mercado de viviendas unifamiliares y pareadas, la evolución de los tipos de interés también tuvo un efecto asfixiante sobre la subida de precios por primera vez. Si bien el aumento porcentual de los precios en la primera mitad de 2022 llegó al 13,7 % interanual (HY1 2022: 390 000 euros / HY1 2021: 343 000 euros), solo se han registrado cambios moderados en los precios solicitados desde junio. Las 7 principales áreas metropolitanas de Colonia (+0,7 por ciento) y Stuttgart (+5,8 por ciento) registraron ligeros aumentos de precios, mientras que Múnich (-1,5 por ciento), Berlín (-1,1 por ciento), Düsseldorf (-0,6 por ciento), Hamburgo (-0,4 por ciento). por ciento) y Frankfurt (-0,1 por ciento) fueron testigos de una ligera disminución en los precios. Con un precio de venta promedio de 1,4 millones de euros, Múnich sigue siendo el lugar con el precio más alto en Alemania en julio de 2022, seguido de Heidelberg con 975 000 euros y Stuttgart con 898 000 euros. Al mismo tiempo, hubo un aumento considerable en el número de listados de propiedades anunciadas públicamente en toda Alemania durante el verano debido a los tiempos más largos de comercialización como resultado de la mayor renuencia a comprar. “Aunque los compradores se han vuelto más exigentes, el mercado ahora también ofrece muchas oportunidades”, dice Till-Fabian Zalewski, quien continúa enfatizando: “Los clientes con un interés serio en comprar tienen la oportunidad ahora mismo de adquirir propiedades que eran más difíciles de adquirir”. adquirido en los últimos años debido a la competencia de otros postores. En muchos casos, los compradores ahora tienen la libertad de elegir entre diferentes propiedades una vez más”.

Los precios en los pueblos y ciudades alemanes se mantienen estables

Las valoraciones en el mercado inmobiliario residencial en Alemania siguen siendo muy estables y, aunque la actividad del mercado se ha mantenido dinámica en los últimos años, el sector inmobiliario también ha demostrado ser resistente a las crisis. En 2021, por ejemplo, el volumen de transacciones fue de 182.400 millones de euros y, a pesar de la pandemia, creció un 11,7 por ciento respecto al año anterior (2020: 163.300 millones de euros). Incluso con el reciente aumento de las tasas de interés, no se espera una caída significativa de los precios en las principales ciudades de Alemania hasta finales de 2022. En cuanto a la disponibilidad, la demanda más contenida de propiedad residencial se produce al mismo tiempo que una caída reciente en la actividad de construcción. debido a la falta de suelo disponible para el desarrollo y mayores costos de construcción. Debido al empeoramiento de las condiciones de financiación para algunos compradores de inmuebles, la presión sobre el mercado de alquiler va en aumento. Mirando hacia el próximo invierno, el interés de compra se centra en particular en propiedades de nueva construcción y viviendas existentes que se han renovado teniendo en cuenta la eficiencia energética y que tienen instalados sistemas de calefacción modernos. “La gran demanda de viviendas continúa, al igual que el deseo de poseer una casa propia. El nivel de oferta sigue siendo demasiado bajo para satisfacer la demanda, un hecho que compensará con creces las tasas de interés más altas”, dice Till-Fabian. Zalewski, quien destaca la importancia de la ubicación: “Los bienes raíces, especialmente en muy buenas ubicaciones, siguen siendo una inversión a prueba de crisis, sobre todo porque faltan alternativas de inversión competitivas”.

Perspectivas: las microubicaciones jugarán un papel decisivo

Para los próximos meses, Engel & Völkers prevé que los precios se mantendrán estables en muy buenas ubicaciones y solo caerán en casos aislados. El desarrollo de las tasas de interés tendrá un impacto en el mercado. Como resultado, parte de la demanda podría cambiar a segmentos de precios más bajos. Al mismo tiempo, la escasez de bienes inmuebles y la disminución de la actividad de nueva construcción tendrán un efecto estabilizador en el mercado. “Si bien en los últimos años fueron posibles declaraciones generales generales debido a los aumentos de precios en todo el país, ahora es difícil hacer pronósticos exactos. Dependerán en gran medida de factores políticos y económicos globales. Por lo tanto, es crucial ahora y en los próximos meses tomar una mirada de cerca a la microubicación respectiva y la propiedad”, dice Till-Fabian Zalewski. En los estados federales de Hamburgo y Sajonia, por ejemplo, el impuesto de transferencia de bienes raíces aumentará en 2023, lo que significa que podría valer la pena en casos individuales adelantar una compra de propiedad planificada. Debido a la situación geopolítica, los compradores están cada vez más interesados ​​en inmuebles energéticamente eficientes, lo que a su vez significará que habrá una mayor necesidad de asesoramiento en cuestiones como las renovaciones energéticamente eficientes en el futuro. “En tiempos turbulentos como estos, es especialmente importante buscar el asesoramiento profesional de expertos en bienes raíces con experiencia, para poder evaluar correctamente el clima cambiante del mercado”, agrega ´Till-Fabian Zalewski.

Esta es la décima vez que Engel & Völkers publica su “Informe de mercado de la propiedad residencial en Alemania”. Contiene un análisis en profundidad de la evolución de los precios en todas las zonas residenciales, así como otras novedades del mercado y asesoramiento financiero (en alemán):

Fuentes: Precios de venta: VALUE Marktdatenbank, Engel & Völkers Residential
cifras de transacciones: Gutachterausschüsse, GEWOS-Immobilienmarktanalyse IMA®, Engel & Völkers Residential

Subtítulos:

Elegante apartamento de nueva construcción en Berlín

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Este elegante apartamento se acaba de terminar en el codiciado distrito berlinés de Charlottenburg. Dispone de tres luminosas salas que suman un total de 80 metros cuadrados. Está en el mercado con Engel & Völkers por 999.000 euros. Los muebles son especialmente de primera calidad e incluyen parquet de roble, suelos de mármol y carpintería a medida. Un balcón que da al patio interior y una plaza de aparcamiento subterráneo completan esta oferta. (Fuente de la imagen: Engel & Völkers Berlin Hohenzollerndamm Market Center/Alexander Haas)

Gran casa ecológica en Heidelberg

Image Image ImageSituada en una ubicación privilegiada a poca distancia del casco antiguo de Heidelberg, esta moderna casa “Holz100” se encuentra en una parcela boscosa de unos 9.000 metros cuadrados. La propiedad única de bajo consumo energético es especialmente impresionante por su diseño arquitectónico especial y el uso armonioso de materiales naturales como madera, pizarra y piedra de lava. Cinco habitaciones y salas de estudio están alineadas alrededor de una galería grande e inundada de luz con una sala de estar y comedor de planta abierta que cuenta con vistas panorámicas de la ciudad. El jardín natural cuenta con tres terrazas, un sistema de riego automático y una zona de regeneración para la gran piscina orgánica. El inmueble está a la venta con Engel & Völkers por 4,95 millones de euros. (Fuente de la imagen: Engel & Völkers Heidelberg)

Low-energy house in Hamburg
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Esta casa está en perfectas condiciones y se encuentra en un terreno de aprox. Parcela de 242 metros cuadrados al final de una hilera de casas adosadas en el frondoso suburbio de Osdorf. Está en el mercado con Engel & Völkers por 1,08 millones de euros. Las comodidades modernas son particularmente eficientes energéticamente y de alta calidad, con electrodomésticos A+++. Además de cuatro dormitorios y un amplio salón comedor, la propiedad también cuenta con un jardín con una soleada terraza orientada al sur y una plaza de aparcamiento. (Fuente de la imagen: Engel & Völkers Hamburg Elbe Market Center)

fotos con derechos de autor: Engel & Völkers

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Engel & Völkers | Germany’s residential property market: Prices plateau on a high across country 

Engel & Völkers | Germany’s residential property market: Prices plateau on a high across country 

Germany’s residential property market: Prices plateau on a high across country 

  • 56 towns and cities across Germany compared in Engel & Völkers report for 2022
  • Stable market dynamics despite inflation and buyer restraint
  • Demand continues to exceed supply in very good locations 

Hamburg, 4 October 2022. In this year’s “Market Report for Residential Property in Germany“, Engel & Völkers analyses current market and price developments in 56 selected locations in the Federal Republic of Germany and makes a forecast with regard to market dynamics over the coming year. With the period of extremely low interest rates coming to an end in the spring of 2022, Germany’s residential real estate market is now entering a new phase. The increase in mortgage interest rates and high rate of inflation have seen property price rises of recent years tail off for the first time. In many places, the time to market also increased due to a drop of demand caused by overall buyer restraint. This has led to a plateauing of prices at a high level and, most recently, slight decreases in asking prices in average and simple locations. In July, the asking price for existing freehold apartments settled at a nationwide average of approx. 4,195 euros per square metre. This still represents a growth of 8.2 percent over the same period last year (July 2021: 3,784 euros per square metre). The market segment for houses reflects a similar picture, with average asking prices levelling out at around 415,000 euros across Germany in July (July 2021: 365,000 euros), representing a year-on-year increase of 13.7 percent. “We find ourselves in new and, for many, unfamiliar circumstances. The residential property market in Germany was predominantly a seller’s market for many years. Now we are seeing a shift towards a buyer’s market. Sharp drops in prices are not expected in the future however. This trend is far more a healthy regulating of the exceptionally high price rises witnessed in recent years,” says Till-Fabian Zalewski, CEO of the DACH region at Engel & Völkers.

Freehold apartments: Sustained demand keeps prices stable

Up until this spring, the segment for freehold apartments was still registering significant price rises, with a 10.3 percent increase in the first half of 2022 (HY1 2022: 4,095 per square metre / HY1 2021: 3,713 euros per square metre). From May 2022 onwards, asking prices plateaued across Germany and in the majority of towns and cities surveyed by Engel & Völkers. In July, moderate price declines were registered compared to the previous month of June in Germany’s Top 7 cities, which include Munich (-1.9 percent), Frankfurt (-1.2 percent), Düsseldorf (-1.4 percent) and Hamburg (-1.3 percent). Berlin and Stuttgart, on the other hand, witnessed slight increases in asking prices of +0.4 percent in the capital and +0.7 percent in the state capital of Baden Wurttemberg. With an average price of 10,067 euros per square metre, Munich leads the ranking of all the locations surveyed, followed by Frankfurt at 6,918 euros per square metre and Hamburg at 6,769 euros per square metre. Due to the ongoing shortage of available listings in many places, prices remain stable at a high level. “Living space in city centres is still very much in demand. The availability of freehold apartments in particular remains too low and the population influx into the big cities is so high that prices will continue to plateau and no major downward corrections are to be expected. Many buyer groups are showing strong credentials in terms of equity, in the prime locations in particular, meaning that slight price rises may still be seen in some locations,” says Till-Fabian Zalewski. Through to the end of 2022, Engel & Völkers forecasts moderate price rises in prime locations in more than a quarter of the 56 towns and cities surveyed.

Detached and semi-detached houses: Munich still highest priced residential location

In the market segment for detached and semi-detached houses, the development in interest rates also had a stifling effect on the rise in prices for the first time. While the percentage price increase in the first half of 2022 was as high as 13.7 percent year-on-year (HY1 2022: 390,000 euros / HY1 2021: 343,000 euros), only moderate changes in asking prices have been registered since June. The Top 7 metropolitan areas of Cologne (+ 0.7 percent) and Stuttgart (+ 5.8 percent) recorded slight price rises, while Munich (-1.5 percent), Berlin (-1.1 percent), Düsseldorf (-0.6 percent), Hamburg (-0.4 percent) and Frankfurt (-0.1 percent) all witnessed a slight decrease in prices. With an average asking price of 1.4 million euros, Munich remains the highest priced location in Germany in July 2022, followed by Heidelberg at 975,000 euros and Stuttgart at 898,000 euros. At the same time, there was a considerable rise in the number of publicly advertised property listings across Germany in the summer due to longer times to market as a result of the increased reluctance to buy. “Although buyers have become more discerning, the market also now offers many opportunities,” says Till-Fabian Zalewski, who goes on to emphasise: “Clients with a serious interest in buying have the chance right now to acquire properties that were more difficult to acquire in recent years due to competition from fellow bidders. In many cases, buyers now have the freedom to choose between different properties once again.”

Prices in German towns and cities remain stable

Valuations on the residential real estate market in Germany continue to be very stable, and while market activity has remained dynamic in recent years, real estate has also proven to be resistant to crisis. In 2021, for example, the transaction volume was 182.4 billion euros and, despite the pandemic, grew 11.7 percent over the previous year (2020: 163.3 billion euros). Even with the recent rise in interest rates, no significant decline in prices is expected in Germany’s major cities until the end of 2022. With regard to availability, the more restrained demand for residential property comes at the same time as a recent decline in construction activity due to a lack of available land for development and higher construction costs. Due to the worsening of financing conditions for some property buyers, pressure on the rental market is on the rise. Looking ahead to the coming winter, buying interest is focused in particular on newly built properties and existing homes that have been renovated with energy efficiency in mind and have modern heating systems installed. “The high demand for houses continues, as does the desire to own a home of one’s own. The level of supply is still too low to meet demand – a fact that will more than compensate for the higher interest rates,” says Till-Fabian Zalewski, who stresses the importance of location: “Real estate, especially in very good locations, remains a crisis-proof investment – not least because competitive investment alternatives are lacking.”

Outlook: Micro-locations to play a decisive role

For the coming months, Engel & Völkers anticipates that prices will remain stable in very good locations and only fall in isolated cases. The development of interest rates will impact the market. Some demand could shift to lower price segments as a result. At the same time, the shortage of real estate and decline in new construction activity will have a stabilising effect on the market. “While general sweeping statements were possible in recent years due to price rises across the entire country, exact forecasts are now difficult to make. They will depend greatly on global political and economic factors. It is therefore crucial now and in the coming months to take a close look at the respective micro-location and the property,” says Till-Fabian Zalewski. In the federal states of Hamburg and Saxony, for instance, the real estate transfer tax is set to be increased in 2023, meaning that it might be worthwhile in individual cases to bring forward a planned property purchase. Due to the geopolitical situation, buyers are becoming increasingly interested in energy-efficient real estate, which in turn will mean there will be a greater need for advice on issues such as energy-efficient renovations in the future. “In turbulent times like these, seeking professional advice from experienced real estate experts is especially important – in order to be in a position to assess the changing market climate correctly,” ´Till-Fabian Zalewski adds.

This is the tenth time that Engel & Völkers has published its “Market Report for Residential Property in Germany”. It contains in-depth analysis of price trends in all residential locations, as well as other developments on the market and financing advice (in German): https://www.engelvoelkers.com/de-de/research/immobilienpreisentwicklung/

Sources:  Asking prices: VALUE Marktdatenbank, Engel & Völkers Residential
transaction figures: Gutachterausschüsse, GEWOS-Immobilienmarktanalyse IMA®, Engel & Völkers Residential

Captions:

Elegant newly built apartment in Berlin
Image Image Image

This elegant apartment has only just been completed in the sought-after Berlin district of Charlottenburg. It has three light-flooded rooms spanning a total of 80 square metres. It is on the market with Engel & Völkers for 999,000 euros. The furnishings are especially premium in quality and include oak parquet, marble floors and custom carpentry. A balcony facing the inner courtyard and an underground parking space round off this listing. (Image source: Engel & Völkers Berlin Hohenzollerndamm Market Center/Alexander Haas)

Large eco-friendly home in Heidelberg
Image Image Image Situated at a prime address within walking distance of Heidelberg’s Old Town, this modern “Holz100” house is set on a woodland plot spanning around 9,000 square metres. The unique low-energy property is especially impressive for its special architectural design and the harmonious use of natural materials such as wood, slate and lava stone. Five bedrooms and study rooms are aligned around a large, light-flooded gallery space with an open plan living and dining area that boasts panoramic views of the city. The naturally landscaped garden boasts three terraces, an automatic irrigation system and a regeneration zone for the large organic pool. The property is on sale with Engel & Völkers for 4.95 million euros. (Image source: Engel & Völkers Heidelberg)

Low-energy house in Hamburg
Image Image Image
This house is in pristine condition and set on an approx. 242 square metre plot at the end of a row of terraced properties in the leafy suburb of Osdorf. It is on the market with Engel & Völkers for 1.08 million euros. The modern amenities are particularly energy-efficient and high in quality, with A+++ appliances. In addition to four bedrooms and a spacious living and dining area, the property also boasts a garden with a sunny south-facing terrace and a parking space. (Image source: Engel & Völkers Hamburg Elbe Market Center)

copyright photos: Engel & Völkers

 

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Engel & Völkers | Germany’s residential property market: Prices plateau on a high across country 

Engel & Völkers | Germany’s residential property market: Prices plateau on a high across country 

Germany’s residential property market: Prices plateau on a high across country 

  • 56 towns and cities across Germany compared in Engel & Völkers report for 2022
  • Stable market dynamics despite inflation and buyer restraint
  • Demand continues to exceed supply in very good locations 

Hamburg, 4 October 2022. In this year’s “Market Report for Residential Property in Germany“, Engel & Völkers analyses current market and price developments in 56 selected locations in the Federal Republic of Germany and makes a forecast with regard to market dynamics over the coming year. With the period of extremely low interest rates coming to an end in the spring of 2022, Germany’s residential real estate market is now entering a new phase. The increase in mortgage interest rates and high rate of inflation have seen property price rises of recent years tail off for the first time. In many places, the time to market also increased due to a drop of demand caused by overall buyer restraint. This has led to a plateauing of prices at a high level and, most recently, slight decreases in asking prices in average and simple locations. In July, the asking price for existing freehold apartments settled at a nationwide average of approx. 4,195 euros per square metre. This still represents a growth of 8.2 percent over the same period last year (July 2021: 3,784 euros per square metre). The market segment for houses reflects a similar picture, with average asking prices levelling out at around 415,000 euros across Germany in July (July 2021: 365,000 euros), representing a year-on-year increase of 13.7 percent. “We find ourselves in new and, for many, unfamiliar circumstances. The residential property market in Germany was predominantly a seller’s market for many years. Now we are seeing a shift towards a buyer’s market. Sharp drops in prices are not expected in the future however. This trend is far more a healthy regulating of the exceptionally high price rises witnessed in recent years,” says Till-Fabian Zalewski, CEO of the DACH region at Engel & Völkers.

Freehold apartments: Sustained demand keeps prices stable

Up until this spring, the segment for freehold apartments was still registering significant price rises, with a 10.3 percent increase in the first half of 2022 (HY1 2022: 4,095 per square metre / HY1 2021: 3,713 euros per square metre). From May 2022 onwards, asking prices plateaued across Germany and in the majority of towns and cities surveyed by Engel & Völkers. In July, moderate price declines were registered compared to the previous month of June in Germany’s Top 7 cities, which include Munich (-1.9 percent), Frankfurt (-1.2 percent), Düsseldorf (-1.4 percent) and Hamburg (-1.3 percent). Berlin and Stuttgart, on the other hand, witnessed slight increases in asking prices of +0.4 percent in the capital and +0.7 percent in the state capital of Baden Wurttemberg. With an average price of 10,067 euros per square metre, Munich leads the ranking of all the locations surveyed, followed by Frankfurt at 6,918 euros per square metre and Hamburg at 6,769 euros per square metre. Due to the ongoing shortage of available listings in many places, prices remain stable at a high level. “Living space in city centres is still very much in demand. The availability of freehold apartments in particular remains too low and the population influx into the big cities is so high that prices will continue to plateau and no major downward corrections are to be expected. Many buyer groups are showing strong credentials in terms of equity, in the prime locations in particular, meaning that slight price rises may still be seen in some locations,” says Till-Fabian Zalewski. Through to the end of 2022, Engel & Völkers forecasts moderate price rises in prime locations in more than a quarter of the 56 towns and cities surveyed.

Detached and semi-detached houses: Munich still highest priced residential location

In the market segment for detached and semi-detached houses, the development in interest rates also had a stifling effect on the rise in prices for the first time. While the percentage price increase in the first half of 2022 was as high as 13.7 percent year-on-year (HY1 2022: 390,000 euros / HY1 2021: 343,000 euros), only moderate changes in asking prices have been registered since June. The Top 7 metropolitan areas of Cologne (+ 0.7 percent) and Stuttgart (+ 5.8 percent) recorded slight price rises, while Munich (-1.5 percent), Berlin (-1.1 percent), Düsseldorf (-0.6 percent), Hamburg (-0.4 percent) and Frankfurt (-0.1 percent) all witnessed a slight decrease in prices. With an average asking price of 1.4 million euros, Munich remains the highest priced location in Germany in July 2022, followed by Heidelberg at 975,000 euros and Stuttgart at 898,000 euros. At the same time, there was a considerable rise in the number of publicly advertised property listings across Germany in the summer due to longer times to market as a result of the increased reluctance to buy. “Although buyers have become more discerning, the market also now offers many opportunities,” says Till-Fabian Zalewski, who goes on to emphasise: “Clients with a serious interest in buying have the chance right now to acquire properties that were more difficult to acquire in recent years due to competition from fellow bidders. In many cases, buyers now have the freedom to choose between different properties once again.”

Prices in German towns and cities remain stable

Valuations on the residential real estate market in Germany continue to be very stable, and while market activity has remained dynamic in recent years, real estate has also proven to be resistant to crisis. In 2021, for example, the transaction volume was 182.4 billion euros and, despite the pandemic, grew 11.7 percent over the previous year (2020: 163.3 billion euros). Even with the recent rise in interest rates, no significant decline in prices is expected in Germany’s major cities until the end of 2022. With regard to availability, the more restrained demand for residential property comes at the same time as a recent decline in construction activity due to a lack of available land for development and higher construction costs. Due to the worsening of financing conditions for some property buyers, pressure on the rental market is on the rise. Looking ahead to the coming winter, buying interest is focused in particular on newly built properties and existing homes that have been renovated with energy efficiency in mind and have modern heating systems installed. “The high demand for houses continues, as does the desire to own a home of one’s own. The level of supply is still too low to meet demand – a fact that will more than compensate for the higher interest rates,” says Till-Fabian Zalewski, who stresses the importance of location: “Real estate, especially in very good locations, remains a crisis-proof investment – not least because competitive investment alternatives are lacking.”

Outlook: Micro-locations to play a decisive role

For the coming months, Engel & Völkers anticipates that prices will remain stable in very good locations and only fall in isolated cases. The development of interest rates will impact the market. Some demand could shift to lower price segments as a result. At the same time, the shortage of real estate and decline in new construction activity will have a stabilising effect on the market. “While general sweeping statements were possible in recent years due to price rises across the entire country, exact forecasts are now difficult to make. They will depend greatly on global political and economic factors. It is therefore crucial now and in the coming months to take a close look at the respective micro-location and the property,” says Till-Fabian Zalewski. In the federal states of Hamburg and Saxony, for instance, the real estate transfer tax is set to be increased in 2023, meaning that it might be worthwhile in individual cases to bring forward a planned property purchase. Due to the geopolitical situation, buyers are becoming increasingly interested in energy-efficient real estate, which in turn will mean there will be a greater need for advice on issues such as energy-efficient renovations in the future. “In turbulent times like these, seeking professional advice from experienced real estate experts is especially important – in order to be in a position to assess the changing market climate correctly,” ´Till-Fabian Zalewski adds.

This is the tenth time that Engel & Völkers has published its “Market Report for Residential Property in Germany”. It contains in-depth analysis of price trends in all residential locations, as well as other developments on the market and financing advice (in German): https://www.engelvoelkers.com/de-de/research/immobilienpreisentwicklung/

Sources:  Asking prices: VALUE Marktdatenbank, Engel & Völkers Residential
transaction figures: Gutachterausschüsse, GEWOS-Immobilienmarktanalyse IMA®, Engel & Völkers Residential

Captions:

Elegant newly built apartment in Berlin
Image Image Image

This elegant apartment has only just been completed in the sought-after Berlin district of Charlottenburg. It has three light-flooded rooms spanning a total of 80 square metres. It is on the market with Engel & Völkers for 999,000 euros. The furnishings are especially premium in quality and include oak parquet, marble floors and custom carpentry. A balcony facing the inner courtyard and an underground parking space round off this listing. (Image source: Engel & Völkers Berlin Hohenzollerndamm Market Center/Alexander Haas)

Large eco-friendly home in Heidelberg
Image Image Image Situated at a prime address within walking distance of Heidelberg’s Old Town, this modern “Holz100” house is set on a woodland plot spanning around 9,000 square metres. The unique low-energy property is especially impressive for its special architectural design and the harmonious use of natural materials such as wood, slate and lava stone. Five bedrooms and study rooms are aligned around a large, light-flooded gallery space with an open plan living and dining area that boasts panoramic views of the city. The naturally landscaped garden boasts three terraces, an automatic irrigation system and a regeneration zone for the large organic pool. The property is on sale with Engel & Völkers for 4.95 million euros. (Image source: Engel & Völkers Heidelberg)

Low-energy house in Hamburg
Image Image Image
This house is in pristine condition and set on an approx. 242 square metre plot at the end of a row of terraced properties in the leafy suburb of Osdorf. It is on the market with Engel & Völkers for 1.08 million euros. The modern amenities are particularly energy-efficient and high in quality, with A+++ appliances. In addition to four bedrooms and a spacious living and dining area, the property also boasts a garden with a sunny south-facing terrace and a parking space. (Image source: Engel & Völkers Hamburg Elbe Market Center)

copyright photos: Engel & Völkers

 

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Engel & Völkers | Germany’s residential property market: Prices plateau on a high across country 

Engel & Völkers | Germany’s residential property market: Prices plateau on a high across country 

Germany’s residential property market: Prices plateau on a high across country 

  • 56 towns and cities across Germany compared in Engel & Völkers report for 2022
  • Stable market dynamics despite inflation and buyer restraint
  • Demand continues to exceed supply in very good locations 

Hamburg, 4 October 2022. In this year’s “Market Report for Residential Property in Germany“, Engel & Völkers analyses current market and price developments in 56 selected locations in the Federal Republic of Germany and makes a forecast with regard to market dynamics over the coming year. With the period of extremely low interest rates coming to an end in the spring of 2022, Germany’s residential real estate market is now entering a new phase. The increase in mortgage interest rates and high rate of inflation have seen property price rises of recent years tail off for the first time. In many places, the time to market also increased due to a drop of demand caused by overall buyer restraint. This has led to a plateauing of prices at a high level and, most recently, slight decreases in asking prices in average and simple locations. In July, the asking price for existing freehold apartments settled at a nationwide average of approx. 4,195 euros per square metre. This still represents a growth of 8.2 percent over the same period last year (July 2021: 3,784 euros per square metre). The market segment for houses reflects a similar picture, with average asking prices levelling out at around 415,000 euros across Germany in July (July 2021: 365,000 euros), representing a year-on-year increase of 13.7 percent. “We find ourselves in new and, for many, unfamiliar circumstances. The residential property market in Germany was predominantly a seller’s market for many years. Now we are seeing a shift towards a buyer’s market. Sharp drops in prices are not expected in the future however. This trend is far more a healthy regulating of the exceptionally high price rises witnessed in recent years,” says Till-Fabian Zalewski, CEO of the DACH region at Engel & Völkers.

Freehold apartments: Sustained demand keeps prices stable

Up until this spring, the segment for freehold apartments was still registering significant price rises, with a 10.3 percent increase in the first half of 2022 (HY1 2022: 4,095 per square metre / HY1 2021: 3,713 euros per square metre). From May 2022 onwards, asking prices plateaued across Germany and in the majority of towns and cities surveyed by Engel & Völkers. In July, moderate price declines were registered compared to the previous month of June in Germany’s Top 7 cities, which include Munich (-1.9 percent), Frankfurt (-1.2 percent), Düsseldorf (-1.4 percent) and Hamburg (-1.3 percent). Berlin and Stuttgart, on the other hand, witnessed slight increases in asking prices of +0.4 percent in the capital and +0.7 percent in the state capital of Baden Wurttemberg. With an average price of 10,067 euros per square metre, Munich leads the ranking of all the locations surveyed, followed by Frankfurt at 6,918 euros per square metre and Hamburg at 6,769 euros per square metre. Due to the ongoing shortage of available listings in many places, prices remain stable at a high level. “Living space in city centres is still very much in demand. The availability of freehold apartments in particular remains too low and the population influx into the big cities is so high that prices will continue to plateau and no major downward corrections are to be expected. Many buyer groups are showing strong credentials in terms of equity, in the prime locations in particular, meaning that slight price rises may still be seen in some locations,” says Till-Fabian Zalewski. Through to the end of 2022, Engel & Völkers forecasts moderate price rises in prime locations in more than a quarter of the 56 towns and cities surveyed.

Detached and semi-detached houses: Munich still highest priced residential location

In the market segment for detached and semi-detached houses, the development in interest rates also had a stifling effect on the rise in prices for the first time. While the percentage price increase in the first half of 2022 was as high as 13.7 percent year-on-year (HY1 2022: 390,000 euros / HY1 2021: 343,000 euros), only moderate changes in asking prices have been registered since June. The Top 7 metropolitan areas of Cologne (+ 0.7 percent) and Stuttgart (+ 5.8 percent) recorded slight price rises, while Munich (-1.5 percent), Berlin (-1.1 percent), Düsseldorf (-0.6 percent), Hamburg (-0.4 percent) and Frankfurt (-0.1 percent) all witnessed a slight decrease in prices. With an average asking price of 1.4 million euros, Munich remains the highest priced location in Germany in July 2022, followed by Heidelberg at 975,000 euros and Stuttgart at 898,000 euros. At the same time, there was a considerable rise in the number of publicly advertised property listings across Germany in the summer due to longer times to market as a result of the increased reluctance to buy. “Although buyers have become more discerning, the market also now offers many opportunities,” says Till-Fabian Zalewski, who goes on to emphasise: “Clients with a serious interest in buying have the chance right now to acquire properties that were more difficult to acquire in recent years due to competition from fellow bidders. In many cases, buyers now have the freedom to choose between different properties once again.”

Prices in German towns and cities remain stable

Valuations on the residential real estate market in Germany continue to be very stable, and while market activity has remained dynamic in recent years, real estate has also proven to be resistant to crisis. In 2021, for example, the transaction volume was 182.4 billion euros and, despite the pandemic, grew 11.7 percent over the previous year (2020: 163.3 billion euros). Even with the recent rise in interest rates, no significant decline in prices is expected in Germany’s major cities until the end of 2022. With regard to availability, the more restrained demand for residential property comes at the same time as a recent decline in construction activity due to a lack of available land for development and higher construction costs. Due to the worsening of financing conditions for some property buyers, pressure on the rental market is on the rise. Looking ahead to the coming winter, buying interest is focused in particular on newly built properties and existing homes that have been renovated with energy efficiency in mind and have modern heating systems installed. “The high demand for houses continues, as does the desire to own a home of one’s own. The level of supply is still too low to meet demand – a fact that will more than compensate for the higher interest rates,” says Till-Fabian Zalewski, who stresses the importance of location: “Real estate, especially in very good locations, remains a crisis-proof investment – not least because competitive investment alternatives are lacking.”

Outlook: Micro-locations to play a decisive role

For the coming months, Engel & Völkers anticipates that prices will remain stable in very good locations and only fall in isolated cases. The development of interest rates will impact the market. Some demand could shift to lower price segments as a result. At the same time, the shortage of real estate and decline in new construction activity will have a stabilising effect on the market. “While general sweeping statements were possible in recent years due to price rises across the entire country, exact forecasts are now difficult to make. They will depend greatly on global political and economic factors. It is therefore crucial now and in the coming months to take a close look at the respective micro-location and the property,” says Till-Fabian Zalewski. In the federal states of Hamburg and Saxony, for instance, the real estate transfer tax is set to be increased in 2023, meaning that it might be worthwhile in individual cases to bring forward a planned property purchase. Due to the geopolitical situation, buyers are becoming increasingly interested in energy-efficient real estate, which in turn will mean there will be a greater need for advice on issues such as energy-efficient renovations in the future. “In turbulent times like these, seeking professional advice from experienced real estate experts is especially important – in order to be in a position to assess the changing market climate correctly,” ´Till-Fabian Zalewski adds.

This is the tenth time that Engel & Völkers has published its “Market Report for Residential Property in Germany”. It contains in-depth analysis of price trends in all residential locations, as well as other developments on the market and financing advice (in German): https://www.engelvoelkers.com/de-de/research/immobilienpreisentwicklung/

Sources:  Asking prices: VALUE Marktdatenbank, Engel & Völkers Residential
transaction figures: Gutachterausschüsse, GEWOS-Immobilienmarktanalyse IMA®, Engel & Völkers Residential

Captions:

Elegant newly built apartment in Berlin
Image Image Image

This elegant apartment has only just been completed in the sought-after Berlin district of Charlottenburg. It has three light-flooded rooms spanning a total of 80 square metres. It is on the market with Engel & Völkers for 999,000 euros. The furnishings are especially premium in quality and include oak parquet, marble floors and custom carpentry. A balcony facing the inner courtyard and an underground parking space round off this listing. (Image source: Engel & Völkers Berlin Hohenzollerndamm Market Center/Alexander Haas)

Large eco-friendly home in Heidelberg
Image Image Image Situated at a prime address within walking distance of Heidelberg’s Old Town, this modern “Holz100” house is set on a woodland plot spanning around 9,000 square metres. The unique low-energy property is especially impressive for its special architectural design and the harmonious use of natural materials such as wood, slate and lava stone. Five bedrooms and study rooms are aligned around a large, light-flooded gallery space with an open plan living and dining area that boasts panoramic views of the city. The naturally landscaped garden boasts three terraces, an automatic irrigation system and a regeneration zone for the large organic pool. The property is on sale with Engel & Völkers for 4.95 million euros. (Image source: Engel & Völkers Heidelberg)

Low-energy house in Hamburg
Image Image Image
This house is in pristine condition and set on an approx. 242 square metre plot at the end of a row of terraced properties in the leafy suburb of Osdorf. It is on the market with Engel & Völkers for 1.08 million euros. The modern amenities are particularly energy-efficient and high in quality, with A+++ appliances. In addition to four bedrooms and a spacious living and dining area, the property also boasts a garden with a sunny south-facing terrace and a parking space. (Image source: Engel & Völkers Hamburg Elbe Market Center)

copyright photos: Engel & Völkers

 

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Engel & Völkers | Germany’s residential property market: Prices plateau on a high across country 

Engel & Völkers | Germany’s residential property market: Prices plateau on a high across country 

Germany’s residential property market: Prices plateau on a high across country 

  • 56 towns and cities across Germany compared in Engel & Völkers report for 2022
  • Stable market dynamics despite inflation and buyer restraint
  • Demand continues to exceed supply in very good locations 

Hamburg, 4 October 2022. In this year’s “Market Report for Residential Property in Germany“, Engel & Völkers analyses current market and price developments in 56 selected locations in the Federal Republic of Germany and makes a forecast with regard to market dynamics over the coming year. With the period of extremely low interest rates coming to an end in the spring of 2022, Germany’s residential real estate market is now entering a new phase. The increase in mortgage interest rates and high rate of inflation have seen property price rises of recent years tail off for the first time. In many places, the time to market also increased due to a drop of demand caused by overall buyer restraint. This has led to a plateauing of prices at a high level and, most recently, slight decreases in asking prices in average and simple locations. In July, the asking price for existing freehold apartments settled at a nationwide average of approx. 4,195 euros per square metre. This still represents a growth of 8.2 percent over the same period last year (July 2021: 3,784 euros per square metre). The market segment for houses reflects a similar picture, with average asking prices levelling out at around 415,000 euros across Germany in July (July 2021: 365,000 euros), representing a year-on-year increase of 13.7 percent. “We find ourselves in new and, for many, unfamiliar circumstances. The residential property market in Germany was predominantly a seller’s market for many years. Now we are seeing a shift towards a buyer’s market. Sharp drops in prices are not expected in the future however. This trend is far more a healthy regulating of the exceptionally high price rises witnessed in recent years,” says Till-Fabian Zalewski, CEO of the DACH region at Engel & Völkers.

Freehold apartments: Sustained demand keeps prices stable

Up until this spring, the segment for freehold apartments was still registering significant price rises, with a 10.3 percent increase in the first half of 2022 (HY1 2022: 4,095 per square metre / HY1 2021: 3,713 euros per square metre). From May 2022 onwards, asking prices plateaued across Germany and in the majority of towns and cities surveyed by Engel & Völkers. In July, moderate price declines were registered compared to the previous month of June in Germany’s Top 7 cities, which include Munich (-1.9 percent), Frankfurt (-1.2 percent), Düsseldorf (-1.4 percent) and Hamburg (-1.3 percent). Berlin and Stuttgart, on the other hand, witnessed slight increases in asking prices of +0.4 percent in the capital and +0.7 percent in the state capital of Baden Wurttemberg. With an average price of 10,067 euros per square metre, Munich leads the ranking of all the locations surveyed, followed by Frankfurt at 6,918 euros per square metre and Hamburg at 6,769 euros per square metre. Due to the ongoing shortage of available listings in many places, prices remain stable at a high level. “Living space in city centres is still very much in demand. The availability of freehold apartments in particular remains too low and the population influx into the big cities is so high that prices will continue to plateau and no major downward corrections are to be expected. Many buyer groups are showing strong credentials in terms of equity, in the prime locations in particular, meaning that slight price rises may still be seen in some locations,” says Till-Fabian Zalewski. Through to the end of 2022, Engel & Völkers forecasts moderate price rises in prime locations in more than a quarter of the 56 towns and cities surveyed.

Detached and semi-detached houses: Munich still highest priced residential location

In the market segment for detached and semi-detached houses, the development in interest rates also had a stifling effect on the rise in prices for the first time. While the percentage price increase in the first half of 2022 was as high as 13.7 percent year-on-year (HY1 2022: 390,000 euros / HY1 2021: 343,000 euros), only moderate changes in asking prices have been registered since June. The Top 7 metropolitan areas of Cologne (+ 0.7 percent) and Stuttgart (+ 5.8 percent) recorded slight price rises, while Munich (-1.5 percent), Berlin (-1.1 percent), Düsseldorf (-0.6 percent), Hamburg (-0.4 percent) and Frankfurt (-0.1 percent) all witnessed a slight decrease in prices. With an average asking price of 1.4 million euros, Munich remains the highest priced location in Germany in July 2022, followed by Heidelberg at 975,000 euros and Stuttgart at 898,000 euros. At the same time, there was a considerable rise in the number of publicly advertised property listings across Germany in the summer due to longer times to market as a result of the increased reluctance to buy. “Although buyers have become more discerning, the market also now offers many opportunities,” says Till-Fabian Zalewski, who goes on to emphasise: “Clients with a serious interest in buying have the chance right now to acquire properties that were more difficult to acquire in recent years due to competition from fellow bidders. In many cases, buyers now have the freedom to choose between different properties once again.”

Prices in German towns and cities remain stable

Valuations on the residential real estate market in Germany continue to be very stable, and while market activity has remained dynamic in recent years, real estate has also proven to be resistant to crisis. In 2021, for example, the transaction volume was 182.4 billion euros and, despite the pandemic, grew 11.7 percent over the previous year (2020: 163.3 billion euros). Even with the recent rise in interest rates, no significant decline in prices is expected in Germany’s major cities until the end of 2022. With regard to availability, the more restrained demand for residential property comes at the same time as a recent decline in construction activity due to a lack of available land for development and higher construction costs. Due to the worsening of financing conditions for some property buyers, pressure on the rental market is on the rise. Looking ahead to the coming winter, buying interest is focused in particular on newly built properties and existing homes that have been renovated with energy efficiency in mind and have modern heating systems installed. “The high demand for houses continues, as does the desire to own a home of one’s own. The level of supply is still too low to meet demand – a fact that will more than compensate for the higher interest rates,” says Till-Fabian Zalewski, who stresses the importance of location: “Real estate, especially in very good locations, remains a crisis-proof investment – not least because competitive investment alternatives are lacking.”

Outlook: Micro-locations to play a decisive role

For the coming months, Engel & Völkers anticipates that prices will remain stable in very good locations and only fall in isolated cases. The development of interest rates will impact the market. Some demand could shift to lower price segments as a result. At the same time, the shortage of real estate and decline in new construction activity will have a stabilising effect on the market. “While general sweeping statements were possible in recent years due to price rises across the entire country, exact forecasts are now difficult to make. They will depend greatly on global political and economic factors. It is therefore crucial now and in the coming months to take a close look at the respective micro-location and the property,” says Till-Fabian Zalewski. In the federal states of Hamburg and Saxony, for instance, the real estate transfer tax is set to be increased in 2023, meaning that it might be worthwhile in individual cases to bring forward a planned property purchase. Due to the geopolitical situation, buyers are becoming increasingly interested in energy-efficient real estate, which in turn will mean there will be a greater need for advice on issues such as energy-efficient renovations in the future. “In turbulent times like these, seeking professional advice from experienced real estate experts is especially important – in order to be in a position to assess the changing market climate correctly,” ´Till-Fabian Zalewski adds.

This is the tenth time that Engel & Völkers has published its “Market Report for Residential Property in Germany”. It contains in-depth analysis of price trends in all residential locations, as well as other developments on the market and financing advice (in German): https://www.engelvoelkers.com/de-de/research/immobilienpreisentwicklung/

Sources:  Asking prices: VALUE Marktdatenbank, Engel & Völkers Residential
transaction figures: Gutachterausschüsse, GEWOS-Immobilienmarktanalyse IMA®, Engel & Völkers Residential

Captions:

Elegant newly built apartment in Berlin
Image Image Image

This elegant apartment has only just been completed in the sought-after Berlin district of Charlottenburg. It has three light-flooded rooms spanning a total of 80 square metres. It is on the market with Engel & Völkers for 999,000 euros. The furnishings are especially premium in quality and include oak parquet, marble floors and custom carpentry. A balcony facing the inner courtyard and an underground parking space round off this listing. (Image source: Engel & Völkers Berlin Hohenzollerndamm Market Center/Alexander Haas)

Large eco-friendly home in Heidelberg
Image Image Image Situated at a prime address within walking distance of Heidelberg’s Old Town, this modern “Holz100” house is set on a woodland plot spanning around 9,000 square metres. The unique low-energy property is especially impressive for its special architectural design and the harmonious use of natural materials such as wood, slate and lava stone. Five bedrooms and study rooms are aligned around a large, light-flooded gallery space with an open plan living and dining area that boasts panoramic views of the city. The naturally landscaped garden boasts three terraces, an automatic irrigation system and a regeneration zone for the large organic pool. The property is on sale with Engel & Völkers for 4.95 million euros. (Image source: Engel & Völkers Heidelberg)

Low-energy house in Hamburg
Image Image Image
This house is in pristine condition and set on an approx. 242 square metre plot at the end of a row of terraced properties in the leafy suburb of Osdorf. It is on the market with Engel & Völkers for 1.08 million euros. The modern amenities are particularly energy-efficient and high in quality, with A+++ appliances. In addition to four bedrooms and a spacious living and dining area, the property also boasts a garden with a sunny south-facing terrace and a parking space. (Image source: Engel & Völkers Hamburg Elbe Market Center)

copyright photos: Engel & Völkers

 

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Engel & Völkers | Germany’s residential property market: Prices plateau on a high across country 

Engel & Völkers | Germany’s residential property market: Prices plateau on a high across country 

Germany’s residential property market: Prices plateau on a high across country 

  • 56 towns and cities across Germany compared in Engel & Völkers report for 2022
  • Stable market dynamics despite inflation and buyer restraint
  • Demand continues to exceed supply in very good locations 

Hamburg, 4 October 2022. In this year’s “Market Report for Residential Property in Germany“, Engel & Völkers analyses current market and price developments in 56 selected locations in the Federal Republic of Germany and makes a forecast with regard to market dynamics over the coming year. With the period of extremely low interest rates coming to an end in the spring of 2022, Germany’s residential real estate market is now entering a new phase. The increase in mortgage interest rates and high rate of inflation have seen property price rises of recent years tail off for the first time. In many places, the time to market also increased due to a drop of demand caused by overall buyer restraint. This has led to a plateauing of prices at a high level and, most recently, slight decreases in asking prices in average and simple locations. In July, the asking price for existing freehold apartments settled at a nationwide average of approx. 4,195 euros per square metre. This still represents a growth of 8.2 percent over the same period last year (July 2021: 3,784 euros per square metre). The market segment for houses reflects a similar picture, with average asking prices levelling out at around 415,000 euros across Germany in July (July 2021: 365,000 euros), representing a year-on-year increase of 13.7 percent. “We find ourselves in new and, for many, unfamiliar circumstances. The residential property market in Germany was predominantly a seller’s market for many years. Now we are seeing a shift towards a buyer’s market. Sharp drops in prices are not expected in the future however. This trend is far more a healthy regulating of the exceptionally high price rises witnessed in recent years,” says Till-Fabian Zalewski, CEO of the DACH region at Engel & Völkers.

Freehold apartments: Sustained demand keeps prices stable

Up until this spring, the segment for freehold apartments was still registering significant price rises, with a 10.3 percent increase in the first half of 2022 (HY1 2022: 4,095 per square metre / HY1 2021: 3,713 euros per square metre). From May 2022 onwards, asking prices plateaued across Germany and in the majority of towns and cities surveyed by Engel & Völkers. In July, moderate price declines were registered compared to the previous month of June in Germany’s Top 7 cities, which include Munich (-1.9 percent), Frankfurt (-1.2 percent), Düsseldorf (-1.4 percent) and Hamburg (-1.3 percent). Berlin and Stuttgart, on the other hand, witnessed slight increases in asking prices of +0.4 percent in the capital and +0.7 percent in the state capital of Baden Wurttemberg. With an average price of 10,067 euros per square metre, Munich leads the ranking of all the locations surveyed, followed by Frankfurt at 6,918 euros per square metre and Hamburg at 6,769 euros per square metre. Due to the ongoing shortage of available listings in many places, prices remain stable at a high level. “Living space in city centres is still very much in demand. The availability of freehold apartments in particular remains too low and the population influx into the big cities is so high that prices will continue to plateau and no major downward corrections are to be expected. Many buyer groups are showing strong credentials in terms of equity, in the prime locations in particular, meaning that slight price rises may still be seen in some locations,” says Till-Fabian Zalewski. Through to the end of 2022, Engel & Völkers forecasts moderate price rises in prime locations in more than a quarter of the 56 towns and cities surveyed.

Detached and semi-detached houses: Munich still highest priced residential location

In the market segment for detached and semi-detached houses, the development in interest rates also had a stifling effect on the rise in prices for the first time. While the percentage price increase in the first half of 2022 was as high as 13.7 percent year-on-year (HY1 2022: 390,000 euros / HY1 2021: 343,000 euros), only moderate changes in asking prices have been registered since June. The Top 7 metropolitan areas of Cologne (+ 0.7 percent) and Stuttgart (+ 5.8 percent) recorded slight price rises, while Munich (-1.5 percent), Berlin (-1.1 percent), Düsseldorf (-0.6 percent), Hamburg (-0.4 percent) and Frankfurt (-0.1 percent) all witnessed a slight decrease in prices. With an average asking price of 1.4 million euros, Munich remains the highest priced location in Germany in July 2022, followed by Heidelberg at 975,000 euros and Stuttgart at 898,000 euros. At the same time, there was a considerable rise in the number of publicly advertised property listings across Germany in the summer due to longer times to market as a result of the increased reluctance to buy. “Although buyers have become more discerning, the market also now offers many opportunities,” says Till-Fabian Zalewski, who goes on to emphasise: “Clients with a serious interest in buying have the chance right now to acquire properties that were more difficult to acquire in recent years due to competition from fellow bidders. In many cases, buyers now have the freedom to choose between different properties once again.”

Prices in German towns and cities remain stable

Valuations on the residential real estate market in Germany continue to be very stable, and while market activity has remained dynamic in recent years, real estate has also proven to be resistant to crisis. In 2021, for example, the transaction volume was 182.4 billion euros and, despite the pandemic, grew 11.7 percent over the previous year (2020: 163.3 billion euros). Even with the recent rise in interest rates, no significant decline in prices is expected in Germany’s major cities until the end of 2022. With regard to availability, the more restrained demand for residential property comes at the same time as a recent decline in construction activity due to a lack of available land for development and higher construction costs. Due to the worsening of financing conditions for some property buyers, pressure on the rental market is on the rise. Looking ahead to the coming winter, buying interest is focused in particular on newly built properties and existing homes that have been renovated with energy efficiency in mind and have modern heating systems installed. “The high demand for houses continues, as does the desire to own a home of one’s own. The level of supply is still too low to meet demand – a fact that will more than compensate for the higher interest rates,” says Till-Fabian Zalewski, who stresses the importance of location: “Real estate, especially in very good locations, remains a crisis-proof investment – not least because competitive investment alternatives are lacking.”

Outlook: Micro-locations to play a decisive role

For the coming months, Engel & Völkers anticipates that prices will remain stable in very good locations and only fall in isolated cases. The development of interest rates will impact the market. Some demand could shift to lower price segments as a result. At the same time, the shortage of real estate and decline in new construction activity will have a stabilising effect on the market. “While general sweeping statements were possible in recent years due to price rises across the entire country, exact forecasts are now difficult to make. They will depend greatly on global political and economic factors. It is therefore crucial now and in the coming months to take a close look at the respective micro-location and the property,” says Till-Fabian Zalewski. In the federal states of Hamburg and Saxony, for instance, the real estate transfer tax is set to be increased in 2023, meaning that it might be worthwhile in individual cases to bring forward a planned property purchase. Due to the geopolitical situation, buyers are becoming increasingly interested in energy-efficient real estate, which in turn will mean there will be a greater need for advice on issues such as energy-efficient renovations in the future. “In turbulent times like these, seeking professional advice from experienced real estate experts is especially important – in order to be in a position to assess the changing market climate correctly,” ´Till-Fabian Zalewski adds.

This is the tenth time that Engel & Völkers has published its “Market Report for Residential Property in Germany”. It contains in-depth analysis of price trends in all residential locations, as well as other developments on the market and financing advice (in German): https://www.engelvoelkers.com/de-de/research/immobilienpreisentwicklung/

Sources:  Asking prices: VALUE Marktdatenbank, Engel & Völkers Residential
transaction figures: Gutachterausschüsse, GEWOS-Immobilienmarktanalyse IMA®, Engel & Völkers Residential

Captions:

Elegant newly built apartment in Berlin
Image Image Image

This elegant apartment has only just been completed in the sought-after Berlin district of Charlottenburg. It has three light-flooded rooms spanning a total of 80 square metres. It is on the market with Engel & Völkers for 999,000 euros. The furnishings are especially premium in quality and include oak parquet, marble floors and custom carpentry. A balcony facing the inner courtyard and an underground parking space round off this listing. (Image source: Engel & Völkers Berlin Hohenzollerndamm Market Center/Alexander Haas)

Large eco-friendly home in Heidelberg
Image Image Image Situated at a prime address within walking distance of Heidelberg’s Old Town, this modern “Holz100” house is set on a woodland plot spanning around 9,000 square metres. The unique low-energy property is especially impressive for its special architectural design and the harmonious use of natural materials such as wood, slate and lava stone. Five bedrooms and study rooms are aligned around a large, light-flooded gallery space with an open plan living and dining area that boasts panoramic views of the city. The naturally landscaped garden boasts three terraces, an automatic irrigation system and a regeneration zone for the large organic pool. The property is on sale with Engel & Völkers for 4.95 million euros. (Image source: Engel & Völkers Heidelberg)

Low-energy house in Hamburg
Image Image Image
This house is in pristine condition and set on an approx. 242 square metre plot at the end of a row of terraced properties in the leafy suburb of Osdorf. It is on the market with Engel & Völkers for 1.08 million euros. The modern amenities are particularly energy-efficient and high in quality, with A+++ appliances. In addition to four bedrooms and a spacious living and dining area, the property also boasts a garden with a sunny south-facing terrace and a parking space. (Image source: Engel & Völkers Hamburg Elbe Market Center)

copyright photos: Engel & Völkers

 

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Engel & Völkers | Germany’s residential property market: Prices plateau on a high across country 

Engel & Völkers | Germany’s residential property market: Prices plateau on a high across country 

Germany’s residential property market: Prices plateau on a high across country 

  • 56 towns and cities across Germany compared in Engel & Völkers report for 2022
  • Stable market dynamics despite inflation and buyer restraint
  • Demand continues to exceed supply in very good locations 

Hamburg, 4 October 2022. In this year’s “Market Report for Residential Property in Germany“, Engel & Völkers analyses current market and price developments in 56 selected locations in the Federal Republic of Germany and makes a forecast with regard to market dynamics over the coming year. With the period of extremely low interest rates coming to an end in the spring of 2022, Germany’s residential real estate market is now entering a new phase. The increase in mortgage interest rates and high rate of inflation have seen property price rises of recent years tail off for the first time. In many places, the time to market also increased due to a drop of demand caused by overall buyer restraint. This has led to a plateauing of prices at a high level and, most recently, slight decreases in asking prices in average and simple locations. In July, the asking price for existing freehold apartments settled at a nationwide average of approx. 4,195 euros per square metre. This still represents a growth of 8.2 percent over the same period last year (July 2021: 3,784 euros per square metre). The market segment for houses reflects a similar picture, with average asking prices levelling out at around 415,000 euros across Germany in July (July 2021: 365,000 euros), representing a year-on-year increase of 13.7 percent. “We find ourselves in new and, for many, unfamiliar circumstances. The residential property market in Germany was predominantly a seller’s market for many years. Now we are seeing a shift towards a buyer’s market. Sharp drops in prices are not expected in the future however. This trend is far more a healthy regulating of the exceptionally high price rises witnessed in recent years,” says Till-Fabian Zalewski, CEO of the DACH region at Engel & Völkers.

Freehold apartments: Sustained demand keeps prices stable

Up until this spring, the segment for freehold apartments was still registering significant price rises, with a 10.3 percent increase in the first half of 2022 (HY1 2022: 4,095 per square metre / HY1 2021: 3,713 euros per square metre). From May 2022 onwards, asking prices plateaued across Germany and in the majority of towns and cities surveyed by Engel & Völkers. In July, moderate price declines were registered compared to the previous month of June in Germany’s Top 7 cities, which include Munich (-1.9 percent), Frankfurt (-1.2 percent), Düsseldorf (-1.4 percent) and Hamburg (-1.3 percent). Berlin and Stuttgart, on the other hand, witnessed slight increases in asking prices of +0.4 percent in the capital and +0.7 percent in the state capital of Baden Wurttemberg. With an average price of 10,067 euros per square metre, Munich leads the ranking of all the locations surveyed, followed by Frankfurt at 6,918 euros per square metre and Hamburg at 6,769 euros per square metre. Due to the ongoing shortage of available listings in many places, prices remain stable at a high level. “Living space in city centres is still very much in demand. The availability of freehold apartments in particular remains too low and the population influx into the big cities is so high that prices will continue to plateau and no major downward corrections are to be expected. Many buyer groups are showing strong credentials in terms of equity, in the prime locations in particular, meaning that slight price rises may still be seen in some locations,” says Till-Fabian Zalewski. Through to the end of 2022, Engel & Völkers forecasts moderate price rises in prime locations in more than a quarter of the 56 towns and cities surveyed.

Detached and semi-detached houses: Munich still highest priced residential location

In the market segment for detached and semi-detached houses, the development in interest rates also had a stifling effect on the rise in prices for the first time. While the percentage price increase in the first half of 2022 was as high as 13.7 percent year-on-year (HY1 2022: 390,000 euros / HY1 2021: 343,000 euros), only moderate changes in asking prices have been registered since June. The Top 7 metropolitan areas of Cologne (+ 0.7 percent) and Stuttgart (+ 5.8 percent) recorded slight price rises, while Munich (-1.5 percent), Berlin (-1.1 percent), Düsseldorf (-0.6 percent), Hamburg (-0.4 percent) and Frankfurt (-0.1 percent) all witnessed a slight decrease in prices. With an average asking price of 1.4 million euros, Munich remains the highest priced location in Germany in July 2022, followed by Heidelberg at 975,000 euros and Stuttgart at 898,000 euros. At the same time, there was a considerable rise in the number of publicly advertised property listings across Germany in the summer due to longer times to market as a result of the increased reluctance to buy. “Although buyers have become more discerning, the market also now offers many opportunities,” says Till-Fabian Zalewski, who goes on to emphasise: “Clients with a serious interest in buying have the chance right now to acquire properties that were more difficult to acquire in recent years due to competition from fellow bidders. In many cases, buyers now have the freedom to choose between different properties once again.”

Prices in German towns and cities remain stable

Valuations on the residential real estate market in Germany continue to be very stable, and while market activity has remained dynamic in recent years, real estate has also proven to be resistant to crisis. In 2021, for example, the transaction volume was 182.4 billion euros and, despite the pandemic, grew 11.7 percent over the previous year (2020: 163.3 billion euros). Even with the recent rise in interest rates, no significant decline in prices is expected in Germany’s major cities until the end of 2022. With regard to availability, the more restrained demand for residential property comes at the same time as a recent decline in construction activity due to a lack of available land for development and higher construction costs. Due to the worsening of financing conditions for some property buyers, pressure on the rental market is on the rise. Looking ahead to the coming winter, buying interest is focused in particular on newly built properties and existing homes that have been renovated with energy efficiency in mind and have modern heating systems installed. “The high demand for houses continues, as does the desire to own a home of one’s own. The level of supply is still too low to meet demand – a fact that will more than compensate for the higher interest rates,” says Till-Fabian Zalewski, who stresses the importance of location: “Real estate, especially in very good locations, remains a crisis-proof investment – not least because competitive investment alternatives are lacking.”

Outlook: Micro-locations to play a decisive role

For the coming months, Engel & Völkers anticipates that prices will remain stable in very good locations and only fall in isolated cases. The development of interest rates will impact the market. Some demand could shift to lower price segments as a result. At the same time, the shortage of real estate and decline in new construction activity will have a stabilising effect on the market. “While general sweeping statements were possible in recent years due to price rises across the entire country, exact forecasts are now difficult to make. They will depend greatly on global political and economic factors. It is therefore crucial now and in the coming months to take a close look at the respective micro-location and the property,” says Till-Fabian Zalewski. In the federal states of Hamburg and Saxony, for instance, the real estate transfer tax is set to be increased in 2023, meaning that it might be worthwhile in individual cases to bring forward a planned property purchase. Due to the geopolitical situation, buyers are becoming increasingly interested in energy-efficient real estate, which in turn will mean there will be a greater need for advice on issues such as energy-efficient renovations in the future. “In turbulent times like these, seeking professional advice from experienced real estate experts is especially important – in order to be in a position to assess the changing market climate correctly,” ´Till-Fabian Zalewski adds.

This is the tenth time that Engel & Völkers has published its “Market Report for Residential Property in Germany”. It contains in-depth analysis of price trends in all residential locations, as well as other developments on the market and financing advice (in German): https://www.engelvoelkers.com/de-de/research/immobilienpreisentwicklung/

Sources:  Asking prices: VALUE Marktdatenbank, Engel & Völkers Residential
transaction figures: Gutachterausschüsse, GEWOS-Immobilienmarktanalyse IMA®, Engel & Völkers Residential

Captions:

Elegant newly built apartment in Berlin
Image Image Image

This elegant apartment has only just been completed in the sought-after Berlin district of Charlottenburg. It has three light-flooded rooms spanning a total of 80 square metres. It is on the market with Engel & Völkers for 999,000 euros. The furnishings are especially premium in quality and include oak parquet, marble floors and custom carpentry. A balcony facing the inner courtyard and an underground parking space round off this listing. (Image source: Engel & Völkers Berlin Hohenzollerndamm Market Center/Alexander Haas)

Large eco-friendly home in Heidelberg
Image Image Image Situated at a prime address within walking distance of Heidelberg’s Old Town, this modern “Holz100” house is set on a woodland plot spanning around 9,000 square metres. The unique low-energy property is especially impressive for its special architectural design and the harmonious use of natural materials such as wood, slate and lava stone. Five bedrooms and study rooms are aligned around a large, light-flooded gallery space with an open plan living and dining area that boasts panoramic views of the city. The naturally landscaped garden boasts three terraces, an automatic irrigation system and a regeneration zone for the large organic pool. The property is on sale with Engel & Völkers for 4.95 million euros. (Image source: Engel & Völkers Heidelberg)

Low-energy house in Hamburg
Image Image Image
This house is in pristine condition and set on an approx. 242 square metre plot at the end of a row of terraced properties in the leafy suburb of Osdorf. It is on the market with Engel & Völkers for 1.08 million euros. The modern amenities are particularly energy-efficient and high in quality, with A+++ appliances. In addition to four bedrooms and a spacious living and dining area, the property also boasts a garden with a sunny south-facing terrace and a parking space. (Image source: Engel & Völkers Hamburg Elbe Market Center)

copyright photos: Engel & Völkers

 

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EL NUEVO HÔTEL DES HORLOGERS ABRE SUS PUERTAS EN EL VALLE DEL JOUX

EL NUEVO HÔTEL DES HORLOGERS ABRE SUS PUERTAS EN EL VALLE DEL JOUX

Inspirado en el Vallée de Joux, el nuevo Hôtel des Horlogers abre sus puertas en el pueblo de Le Brassus, donde su predecesor, el Hôtel de France, se instaló en 1857. Este hotel ha sido diseñado por BIG – Bjarke Ingels Group y realizado por el El estudio de arquitectura suizo CCHE, dos socios que también firmaron el Musée Atelier Audemars Piguet situado a pocos pasos. La arquitectura vanguardista del edificio sigue la topografía del Vallée de Joux gracias a losas en zigzag que descienden gradualmente hacia los prados. Certificado Minergie-ECO®, el hotel boutique superior de 4 estrellas ha implementado un enfoque holístico sostenible

desde el desarrollo del edificio hasta sus operaciones diarias para reducir su impacto ambiental. Además, el diseño interior del hotel ha sido imaginado por AUM como un tributo al paisaje circundante, mientras que los restaurantes confiados al chef Emmanuel Renaut, galardonado con una estrella Michelin, se basan en ingredientes de temporada y de origen local. Concebido como un punto de encuentro para los amantes de la relojería, la arquitectura y la naturaleza locales e internacionales, este lugar acogedor fomenta el desarrollo del turismo en el Vallée de Joux y promueve la experiencia y el patrimonio local.

El interiorismo imaginado por AUM rinde homenaje al Vallée de Joux con materiales locales como

UNA NUEVA ARQUITECTURA

CONCEPTO FIRMADO POR GRANDE

Imaginado por la firma de arquitectura global BIG – Bjarke Ingels Group, el Hôtel des Horlogers se integra a la perfección con el paisaje circundante. Gracias a un concepto vanguardista y transparente, los visitantes se sumergen inmediatamente en el entorno natural del Vallée de Joux, una de las cunas de los relojes complicados suizos. Enamorado del bosque de Risoud, que bordea el valle, Bjarke Ingels concibió el hotel para que todas las habitaciones ofrecieran una vista impresionante de la región. Apartándose de los códigos habituales de la arquitectura hotelera, el edificio consta de losas que descienden hacia el valle y se inclinan ligeramente para abrazar la topografía y crear un camino continuo en la naturaleza. El concepto de BIG interpreta el sitio como una serie de cadenas montañosas que bajan por la colina,

En el interior, las líneas simples y el lenguaje refinado del vestíbulo contemporáneo contrastan con los elementos arquitectónicos más sinuosos y rústicos que los visitantes pueden admirar a medida que avanzan por el interior del edificio. Un pasillo interior sigue la atípica estructura en zigzag del hotel y conecta las 50 habitaciones, que varían en tipo desde la habitación Valley Guest Room hasta la Signature Suite. El hotel también incluye dos restaurantes y un bar abiertos a todos, un centro de bienestar y dos salas de seminarios. Imaginado como un punto de encuentro para los habitantes locales, los turistas en busca de espacios verdes preservados, los entusiastas de la relojería y la arquitectura, así como las marcas locales de relojería, el Hôtel des Horlogers invita a los visitantes a tomarse su tiempo y conectarse con la naturaleza.

Esta hazaña arquitectónica sigue los pasos de la espiral de vidrio del Musée Atelier Audemars Piguet , también diseñada por BIG. Ubicado a unos pasos del hotel, este pabellón ultracontemporáneo fue inaugurado en 2020 y recibió 9 premios, incluido el Premio a la Mejor Arquitectura del Instituto Americano de Arquitectos (AIA) el 12 de enero de 2021.

Un pasillo interior sigue la estructura zigzagueante del edificio diseñado por BIG y conecta las 50 habitaciones.

El entretejido de las 50 habitaciones con superficies de abeto local, grandes ventanales

INSPIRADOS EN EL PAISAJE

DEL VALLE DEL JOUX

Para construir y acondicionar la superficie de 8.715 metros cuadrados del hotel, BIG trabajó en colaboración con CCHE, el arquitecto local designado y el planificador general que también participó en la construcción del Musée Atelier Audemars Piguet, así como con AUM, el arquitecto de diseño de interiores. Realizado con materiales locales como la piedra y la madera, el diseño interior sumerge a los visitantes en el entorno natural del Vallée de Joux, al tiempo que combina calidad, comodidad y convivencia.

El techo del vestíbulo cuenta con imponentes árboles blancos que dan la impresión de que el bosque se refleja en el Lac de Joux. La decoración de las habitaciones es por su parte acogedora y refinada, entrelazando superficies de abeto local, grandes ventanales y hormigón liso para darle un toque contemporáneo.

El techo del vestíbulo está decorado con árboles blancos, un guiño al Bosque Risoud local.

RESTAURANTES ENCOMENDADOS

A EMANUEL RENAUT

Dando un lugar privilegiado a la gastronomía, el Hôtel des Horlogers ha confiado sus tres establecimientos de restauración al chef francés Emmanuel Renaut, galardonado con tres estrellas Michelin.

En primer lugar, el Bar des Horlogers rinde homenaje a los habitantes del Vallée de Joux. Su pequeño menú local a la carta y sus cócteles de autor elaborados con plantas del Bosque de Risoud se pueden disfrutar durante toda la semana en un ambiente relajado.

Le Gogant*, que acoge hasta 80 personas, presenta una amplia carta refinada a precios asequibles, servida

durante toda la semana, en el almuerzo y la cena. Los grandes ventanales del restaurante se abren tanto a los prados como a la cocina para una experiencia gastronómica única en una decoración inspirada en el Vallée de Joux. Está abierto a todos, los 365 días del año.

Por último, detrás de Le Gogant, un espacio íntimo alberga La Table des Horlogers. Este restaurante gourmet puede reunir hasta 12 invitados alrededor de una sola mesa diseñada para brindar una experiencia agradable. Todos los días se sirve un menú degustación para una exploración única de los sentidos.

Firmado por el chef Emmanuel Renaut, galardonado con una estrella Michelin, el restaurante Le Gogant presenta una cocina local refinada en una decoración agradable inspirada en el Vallée de Joux.

* En el dialecto local, el término ‘Gogant’ se refiere a un abeto blanco, a menudo aislado, cuya gran base sirve de refugio a los animales.

El Bar des Horlogers da la bienvenida a los visitantes y habitantes locales en un ambiente relajante donde pueden disfrutar de platos y bebidas regionales.

UN LUGAR EN SINCRONIZACIÓN

CON SU ENTORNO

La arquitectura zigzagueante del Hôtel des Horlogers que desciende hacia los prados circundantes se integra a la perfección en el paisaje bucólico del Vallée de Joux. El compromiso sostenible del hotel se refleja en la cuidada selección de materiales ecológicos, en

la estricta protección del suelo y en su bajo consumo energético. Este enfoque holístico y respetuoso con el medio ambiente ha permitido al Hôtel des Horlogers obtener la certificación Minergie-ECO® basada en su eficiencia energética y ecología del edificio.

El Hôtel des Horlogers invita a los visitantes a tomarse su tiempo y conectarse con el entorno que lo rodea.

El agua caliente y el sistema de calefacción del hotel son suministrados por la red local remota de calefacción a base de madera Le Brassus Bois SA que ofrece una solución totalmente local y sostenible, mientras que 126 paneles fotovoltaicos proporcionan parte de la energía necesaria para el establecimiento. Además, el agua procedente de Le Brassus se embotella en el sitio para reducir drásticamente la energía gris vinculada al transporte, mientras que los desechos orgánicos se transforman en biomasa a través de un sistema Meiko Green Waste Solutions antes de convertirse en electricidad y calor.

Además, el hotel pretende ser libre de plásticos gracias a la implementación de numerosas alternativas al uso de este componente. Los artículos de un solo uso, por ejemplo, se empaquetan en contenedores biodegradables. Todos los cosméticos proporcionados en las habitaciones son totalmente trazables y se suministran en dosificadores ecológicos, lo que reduce el desperdicio en un 67 % y minimiza el impacto ambiental del hotel. El equipo del hotel también ha apostado por bolsas de arpillera, peines de madera, zapatillas totalmente biodegradables e incluso lápices que contienen semillas de tomillo en lugar de los bolígrafos habituales.

Por último, los dos aparcamientos del hotel, que cuentan con 24 plazas subterráneas y 50 exteriores, están equipados con 10 estaciones de carga para e-cars y 10 para e-bikes.

UNA PROXIMIDAD

ACERCARSE

El enfoque sostenible del Hôtel des Horlogers abarca asociaciones locales para reducir su huella de carbono, apoyar a las comunidades locales y participar en la economía de la región. Los huéspedes que disfruten de un momento de relax en el Spa se beneficiarán de productos 100 % suizos, desarrollados por la marca suiza Alpeor, elaborados con plantas y flores autóctonas del Vallée de Joux y de la vecina región del Valais.

Los productos locales, que representan el 70 % de los menús del hotel, serán especialmente premiados con una selección de vinos y licores regionales, así como cervezas suizas elaboradas localmente.

Además, el hotel cuenta con su propio huerto de frutas y verduras que cubre parte de la oferta de frutas, verduras y hierbas de los restaurantes. También se basa en productos frescos y otros ingredientes suministrados por productores locales.

Para las materias primas inevitablemente importadas, como el té y el café, el hotel apoya las producciones orgánicas en los países de origen. Luego, el café se tuesta en el Vallée de Joux y se entrega en cápsulas biodegradables.

EN EL CORAZON DE

EL SABER HACER HOROLÓGICO ANTIGUO DEL VALLÉE DE JOUX

Para promover el patrimonio y el saber hacer únicos que se desarrollaron en el Vallée de Joux, el Hôtel des Horlogers ofrece varios paquetes de relojería que combinan una noche en el hotel con una o varias visitas a prestigiosos lugares de referencia relojeros como el Espace Horloger, talleres privados, el la Manufactura de Jaeger-LeCoultre o el observatorio AstroVal. Entre estos paquetes, el Hôtel des Horlogers ofrece un número limitado de entradas para una de las visitas guiadas al Musée Atelier Audemars Piguet, que está conectado con el hotel por un recorrido didáctico de relojería. La visita guiada presentará a los visitantes el rico patrimonio cultural de Audemars Piguet a través de una exhibición de unos 300 relojes que abarcan más de 150 años de historia. Los amantes de la arquitectura también podrán admirar el interior del extraordinario pabellón de cristal diseñado por BIG.

Como parte de los paquetes de relojería del hotel, los visitantes pueden explorar el savoir-faire y el patrimonio cultural de Audemars Piguet en la encrucijada de la tradición y la modernidad, durante una visita guiada al Musée Atelier Audemars Piguet.

UN DESTINO HISTÓRICO DE ENCUENTROS LOCALES E INTERNACIONALES

El Hôtel des Horlogers se basa en la historia del Hôtel de France, que se estableció en Le Brassus en 1857 y recibió visitantes internacionales en el Vallée de Joux durante más de un siglo. El hotel se convirtió en una parada importante en el Chemin des Horlogers, la ruta de relojería que conectaba los talleres de Vallée de Joux con Ginebra, donde los minoristas vendían relojes. Fue reconstruido en 1984 antes de recibir numerosos visitantes hasta su cierre en el año 2000.

En 2003, Audemars Piguet adquirió y rehabilitó este hito histórico local, que abrió sus puertas a una nueva generación de visitantes en 2005 bajo el nombre de

el Hôtel des Horlogers. Luego, dispuesto a embarcarse en un proyecto más acorde con los valores de la marca y las normas ecológicas en evolución, Audemars Piguet cerró el hotel en 2016 para repensar mejor su concepción. La primera piedra del nuevo proyecto se colocó el 4 de junio de 2018 y unos meses después, fue galardonado con el premio Leisure Led Development Future Project Award en el World Architecture Festival.

Después de cuatro años de obras, el Hôtel des Horlogers ya está listo para seguir los pasos de sus predecesores y dar la bienvenida a sus nuevos visitantes al Vallée de Joux Situado en el mismo sitio que sus predecesores, el nuevo Hôtel des Horlogers perpetúa la larga historia que comenzó en 1857 con el Hôtel de France, una parada importante en el Chemin des Horlogers que une los talleres del Vallée de Joux con Ginebra.

HOTEL DE RELOJEROS

EN UNA PALABRA

FIGURAS CLAVES

Superficie interior útil total: Superficie construida total: Superficie cubierta:

Volumen:

Número de habitaciones:

Número de empleados del hotel: Número de años de construcción:

FECHAS CLAVE

Primer Hotel: Reconstrucción:

Cierre:

Compra por Audemars Piguet: Inauguración del Hôtel des Horlogers:

Cierre del hotel y comienzo

del proyecto del nuevo Hôtel des Horlogers: Colocación de la primera piedra:

“Leisure Led Development Future Project Award” en el Festival Mundial de Arquitectura: Apertura suave:

Gran Inauguración e Inauguración:

DIRECCIÓN

Route de France 8 1348 Vallée de Joux Suiza

RESERVAS

Por teléfono: +41 21 845 08 45 Por correo electrónico: welcome@hdh.swiss

En línea: www.hoteldeshorlogers.com

5.870 m2 (trasero 1.577 m2, delantero 4.292 m2)

8.715 m2

2.373 m2

28.111 m3

50 (31 Habitaciones Valle, 7 Habitaciones Superior,

7 Junior Suites, 3 Forest Suites, 2 Signature Suites)

54

4

Hotel de Francia en 1857 1984

2000

2003

2005

2016

4 junio 2018

30 noviembre 2018

Únase a la discusión @AudemarsPigue

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Acerca de Audemars Piguet

Audemars Piguet es el fabricante de alta relojería más antiguo aún en manos de sus familias fundadoras (Audemars y Piguet). Con sede en Le Brassus desde 1875, la compañía ha nutrido a generaciones de talentosos artesanos que han desarrollado continuamente nuevas habilidades y técnicas, ampliando su savoir-faire para establecer tendencias innovadoras. En el Vallée de Joux, en el corazón del Jura suizo, Audemars Piguet ha creado numerosas obras maestras, testimonio del saber hacer ancestral y el espíritu progresista de la Manufactura. Compartiendo su pasión y savoir-faire con entusiastas de los relojes de todo el mundo a través del lenguaje de las emociones, Audemars Piguet ha establecido intercambios enriquecedores entre campos de prácticas creativas y ha fomentado una comunidad inspirada. Nacido en Le Brassus, criado en todo el mundo. — www.audemarspiguet.com

 

Sobre el Hotel des Horlogers

El Hôtel des Horlogers está ubicado en el Vallée de Joux, en la Route de France 8, en Le Brassus, donde sus predecesores habían estado ubicados desde 1857. Diseñado por la firma de arquitectura global BIG – Bjarke Ingels Group, quien también imaginó el Musée Atelier Audemars Piguet, la arquitectura vanguardista del edificio sigue la topografía del Vallée de Joux gracias a losas en zigzag que descienden progresivamente hacia el prado. Concebido para reducir su impacto ambiental, el Hôtel des Horlogers ha implementado un enfoque holístico sostenible desde el desarrollo del edificio hasta sus operaciones diarias. Perpetuando la herencia del Hôtel de France, el Hôtel des Horlogers pretende ser un punto de encuentro para los amantes de la relojería, la arquitectura y la naturaleza locales e internacionales. El diseño de interiores imaginado por la oficina de arquitectura AUM sumerge a los visitantes en el entorno natural del Vallée de Joux y los invita a tomarse su tiempo y disfrutar de la vida. El hotel Boutique de 4 estrellas superior comprende 50 habitaciones, incluidas 12 suites, dos restaurantes y un bar, todo confiado a Emmanuel Renaut, un centro de bienestar y dos salas de conferencias. Aunque el proyecto fue iniciado y dirigido por Audemars Piguet, el hotel funciona de forma independiente a la marca y da la bienvenida a todos los visitantes por igual. — el hotel funciona independientemente de la marca y da la bienvenida a todos los visitantes por igual. — el hotel funciona independientemente de la marca y da la bienvenida a todos los visitantes por igual. —www.hoteldeshorlogers.com

EL NUEVO HÔTEL DES HORLOGERS ABRE SUS PUERTAS EN EL VALLE DEL JOUX

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