Real estate prices in the Rems-Murr district: What the residential market report from Volksbank Stuttgart reveals

Real estate prices in the Rems-Murr district: What the residential market report from Volksbank Stuttgart reveals

According to a report by www.zvw.de, real estate prices in the Rems-Murr district have declined again in recent months for the first time in a long time. The range of prices in the district is very wide, both in terms of purchase prices and rents. Location is key to prices, with properties in areas with good infrastructure remaining in demand and experiencing smaller price declines.

Fellbach remains the most expensive area in the Rems-Murr district, followed by Waiblingen and Korb. Housing is cheapest in Sulzbach an der Murr and the surrounding area. Despite falling prices, it is affordable for fewer and fewer people to own their own property. This is also due to the increased loan interest rates of one to 4.5 percent.

Rents in the Rems-Murr district have risen sharply everywhere because fewer and fewer people can afford to own their own home and living space is scarce. The energy standard of the property is also crucial for the price. The experts expect further price declines when selling existing properties and a further increase in rents due to high demand.

The effects on the real estate market in the Rems-Murr district are diverse. Rising rents and further price declines for existing properties could lead to increased pressure on the housing market. At the same time, demand for properties in areas with good infrastructure could remain high, while less sought-after areas could see sharper price declines. Overall, the real estate market in the Rems-Murr district could continue to develop towards a tense housing situation.