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Real estate prices in Lower Saxony: This is how much housing will cost in 2025!
Real estate prices in Lower Saxony will continue to rise in 2025. Find out the current trends and price data for houses and apartments.
Real estate prices in Lower Saxony: This is how much housing will cost in 2025!
Real estate prices in Lower Saxony continue their upward trend. A significant increase in purchase prices has been recorded, particularly in urban areas and popular regions. In the first quarter of 2025, purchase prices for existing residential properties rose by an average of 3% for single- and two-family houses, by 4% for terraced houses and semi-detached houses and by 1% for condominiums. This development is loud District newspaper mainly due to the high demand for used houses, while new construction is largely weak.
Hanover in particular stands out as the most expensive location: single and two-family houses here cost an average of 642,500 euros, which corresponds to an increase of 11% compared to the previous year. The Hanover region records an average price of 449,000 euros for these property types. Prices have also risen significantly in cities such as Lüneburg and Harburg, with around 395,000 euros and 525,000 euros. In contrast, Salzgitter offers the cheapest entry into the real estate market at 299,500 euros.
Price distribution and market analysis
The price development can also be seen in terraced houses and condominiums. In Hanover, the average prices for terraced houses are the highest at 458,000 euros, while Wilhelmshaven offers the cheapest option at 229,000 euros. When it comes to condominiums, Hanover also leads with a price of 249,000 euros, followed by Oldenburg (215,000 euros) and Göttingen (205,000 euros). High apartment prices are also recorded in Aurich and Leer, at 279,000 euros and 275,000 euros respectively.
Cheaper options can be found in Goslar, where the cheapest home is available for 74,000 euros, which corresponds to just 1.4 annual household income. The average price per square meter for used condominiums has been stable at around 2,000 euros for over two years, while new apartments currently cost around 4,000 euros per square meter.
Future market developments
Property prices in Lower Saxony have risen in recent years due to various factors. The central locations are more expensive, while high demand with limited supply drives prices higher. However, the increased interest rate level could lead to a fall in prices in the next one to two years real estateprices.org. The declining construction business and the higher unaffordability of single-family homes could also influence the market.
In summary, it can be said that the real estate market in Lower Saxony is facing an exciting time that offers both challenges and opportunities. Buyers are well advised to obtain comprehensive information and to closely monitor current developments.