Heilbronn real estate market: Rental prices continue to rise - but purchase prices are surprisingly cheaper

Heilbronn real estate market: Rental prices continue to rise - but purchase prices are surprisingly cheaper

According to a report by www.echo24.de, the “ImmoScout24” portal published the new “WohnBarometer”, which shows how the purchase prices of real estate developed between the fourth quarter of 2022 and the last quarter (Q4 2023). The analysis covers eight major German cities and also provides an insight into the development of the Heilbronn real estate market.

The purchase price development in Heilbronn shows that the purchase of new apartments has only become more expensive by an average of 0.3 percent. A surprising development can even be observed for houses, both existing and newly built: they are an average of 0.8 percent cheaper. Existing apartments also became cheaper by an average of 1.6 percent.

However, there is a different trend when it comes to rental apartments in Heilbronn. Renting existing apartments became more expensive by an average of 6.3 percent quarter-on-quarter, while renting new apartments increased by 3.9 percent. In a ten-year comparison, rental prices have risen even more dramatically, with increases of around 52.7 and 60.2 percent for existing and new apartments compared to the fourth quarter of 2013.

In a nationwide comparison, Heilbronn performs relatively well in most price developments, especially when purchasing existing condominiums. The database includes over 8.5 million advertisements from the last five years on ImmoScout24. The values ​​are determined for reference objects for the respective property type under consideration using an algorithm from the field of machine learning.

Overall, the data shows that the real estate market in Heilbronn is showing various trends, including rising rental prices and falling purchase prices for houses. This may impact the investment decisions of property buyers and sellers in the region.