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Analysis shows: Price fluctuations in Hamburg's living space due to the new S-Bahn network
According to a report from www.t-online.de, a major change in the S-Bahn network is imminent in Hamburg. A new study shows which lines are particularly expensive to live on. In the area around the U3 ring line, condominiums on the “Immowelt” platform cost the most on average. The offered prices were compared within a 500-meter radius of S-Bahn and U-Bahn stops. It became clear that a large gradient existed along a new line. The new S5 line goes to the cheapest area in the S-Bahn network according to “Immowelt”. Around Stade station, the square meter costs an average of 2,526 euros, making it four times cheaper than owning a home at Dammtor. The …
Analysis shows: Price fluctuations in Hamburg's living space due to the new S-Bahn network
According to a report from www.t-online.de, a major change in the S-Bahn network is imminent in Hamburg. A new study shows which lines are particularly expensive to live on. In the area around the U3 ring line, condominiums on the “Immowelt” platform cost the most on average. The offered prices were compared within a 500-meter radius of S-Bahn and U-Bahn stops. It became clear that a large gradient existed along a new line. The new S5 line goes to the cheapest area in the S-Bahn network according to “Immowelt”. Around Stade station, the square meter costs an average of 2,526 euros, making it four times cheaper than owning a home at Dammtor. The area around the Dammtor achieves a top value that is not exceeded by any other stop in the real estate price analysis.
New S-Bahn network creates new connections
The analysis is based on the prices of existing apartments with 75 square meters on the 1st floor that were built in the 1990s. The prices refer to the offers advertised on the platform; they are not actual sales prices. With the greatly simplified S-Bahn network from December 10th and the introduction of the new S5 line, supply and demand in the affected areas may change significantly. The increased connection could mean an increase in the attractiveness of the affected residential areas, which in turn could lead to an increase in property prices.
This is how much housing costs along the “most expensive subway line”
It is particularly expensive along one line: the U3 is the most expensive route on average in the Hamburg rail network with a price per square meter of 7,393 euros. But the trend is clear: the further out, the less the square meter costs. This could mean that areas outside the city center could see increased demand due to the lower price. This could lead to an increase in prices in these areas, while prices in stations closer to the center could stagnate or decrease.
Read the source article at www.t-online.de