According to the Hamburg Institute of World Economy in the next 20 years the cost of real estate in several regions of the country will rise by 40% or more.
Forecasts are based on data from the Federal Office for Building and development of regional infrastructure, reports the online edition Focus.de.
A significant increase in the cost of apartments is expected in six regions of planning in West Germany and in three regions of Eastern. The prevalence of this trend will affect the south-western districts of Berlin, Bremen and western areas of north-western districts of Essen. This projected price increase of more than 40%. In southern Germany is much the whole (40%) prices will go up in Munich, as well as in the south and east of the federal state of Hesse and northern Baden-Wuerttemberg. In Hamburg, Dusseldorf, Frankfurt am Main and Stuttgart, the cost of housing will increase by 30-40%, experts say.
Forecasts are based on data from the Federal Office for Building and development of regional infrastructure, reports the online edition Focus.de.
A significant increase in the cost of apartments is expected in six regions of planning in West Germany and in three regions of Eastern. The prevalence of this trend will affect the south-western districts of Berlin, Bremen and western areas of north-western districts of Essen. This projected price increase of more than 40%. In southern Germany is much the whole (40%) prices will go up in Munich, as well as in the south and east of the federal state of Hesse and northern Baden-Wuerttemberg. In Hamburg, Dusseldorf, Frankfurt am Main and Stuttgart, the cost of housing will increase by 30-40%, experts say.
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