Many people move to the big city for work or study. But if you end up in a metropolis, you also need an apartment – and given the extreme real estate prices, that’s not so easy. So really move to the city or rather to the outskirts? Where do tenants and property buyers get the most square footage for their money?
This is exactly what ImmoScout24 dealt with in an analysis. Based on the real estate offers from the first half of 2021 in the seven major cities in Germany, the portal examined how much living space there is for an average budget. 1,500 euros cold rent for rental apartments and 400,000 euros for a purchase object were set. In order to be able to compare ownership and rented accommodation, care was taken with the purchase price range that the purchase price could be financed with a monthly loan installment of 1500 euros.
By far the smallest apartment is in Munich: for 1,500 euros cold rent, you can get a 71 square meter apartment. The condominiums are almost 20 square meters smaller: there are only 52 square meters for 400,000 euros in Munich. Those who are more interested in a single-family house will find an average of 109 square meters of living space in the city area in this price category. The area around Munich paints a different picture: the living space for the rental apartment is 92 square meters, 74 square meters for the condominium and 125 square meters for the single-family house.
In Stuttgart, on the other hand, the differences between the living space in the urban area and in the surrounding area are rather small: the average rented apartment in Stuttgart for 1500 euros is 84 square meters in size, that in the surrounding area is 15 square meters larger. The condominiums in the city, on the other hand, are only eleven square meters smaller than the average 90 square meter condominiums in the commuter belt. The ratio of single-family houses is the same: In the city, there would be 124 square meters for 400,000 euros, and 135 square meters in the surrounding area.
If you want to move to the capital, you can get an 87 square meter apartment for 1,500 euros. The Berlin condominium is noticeably smaller: 76 square meters. For the same price, however, buyers can also purchase 110 square meters of a single-family house in purely mathematical terms. In the commuter belt it is even 146 square meters. The rental apartment in the outskirts of Berlin is almost as big as the detached house in the city: you can get 108 square meters there for 1500 euros. The condos are also a bit larger at 92 square meters.
According to the study, Frankfurt am Main and . On average, there are rental apartments of 83 square meters in Frankfurt am Main for 1,500 euros, in Hamburg it is 85 square meters. The surrounding area also hardly differs (Frankfurt/Main: 106 square meters; Hamburg: 108 square meters). The cities are also comparable when it comes to ownership: In Frankfurt am Main, buyers get an average of 71 square meters of condominium for 400,000 euros, in Hamburg 73 square meters. The difference between the cities becomes larger in the surrounding areas. The condominiums around Frankfurt am Main have an average size of 94 square meters, in the Hamburg area even 99 square meters. The differences are also clear when it comes to single-family homes: 117 square meters in Frankfurt am Main, 148 square meters in the surrounding area, 109 square meters in Hamburg and 135 square meters in the surrounding area. While the supply of single-family homes is the same in and around Frankfurt am Main, it is ten times as large in the Hamburg area compared to the city area.
Especially with regard to the offer, Cologne stands out in a metropolitan comparison, because there are more single-family houses in the surrounding area as well as owner-occupied and rented apartments compared to the city. The living space is also around 20 square meters larger than in the city: renting apartments in Cologne is 93 square meters on average, and 110 square meters in the surrounding area. In Cologne itself, the average buyer gets an average of 81 square meters of condominium space, while those in the suburbs offer 101 square meters. For the purchase price of 400,000 euros, there is a single-family house in Cologne with a size of 117 square meters and in the surrounding area with 135 square meters.
In a metropolitan comparison, Düsseldorf has the most living space for the money: For the budget set, a 98 square meter apartment can be rented or an 83 square meter property can be bought. Mathematically, there is a 125 square meter single-family house for 400,000 euros. There are a similar number of square meters in the surrounding area: 123 square meters are available here for 1,500 cold rent and a 122 square meter condominium for 400,000 purchase price. The single-family house in the Düsseldorf area cannot be surpassed by any other metropolis for the purchase price with a size of 166 square meters.
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