Policy Article
GREIX – Significant Price Differences within Cities
The purchase prices for apartments in German cities vary significantly between the neighborhoods. Especially expensive are the city centers, where the price per square meter can be up to twice as high compared to peripheral or unpopular neighborhoods. However, the wide range of prices also means that practically all major German cities still offer relatively affordable locations for buyers. The exception is Munich, where the cheapest neighborhood is more expensive than the most expensive neighborhood of all other major cities.
Key Words
- Real Estate Market
- Housing Price Indices
- Cities
- Germany