Purchase prices for apartments in Moers are rising sharply - financial expert explains study results

Purchase prices for apartments in Moers are rising sharply - financial expert explains study results

According to a report by www.nrz.de, the purchase prices for apartments in Moers are rising surprisingly significantly. According to the current price compass from the online portal “Immowelt”, the purchase price for existing apartments in Moers rose by 4.2 percent in the fourth quarter of 2023. This is in contrast to the nationwide trend, where prices have fallen by an average of 0.2 percent.

It is noticeable that the asking prices in many inexpensive cities in the Ruhr area are moving upwards again, which, according to Immowelt, can be observed especially in cities like Duisburg or Gelsenkirchen. The low price level in Moers, currently 2,311 euros for existing apartments, could be a reason for the sharper increase.

As an expert in the real estate market, it is important to note that an increase in purchase prices in a city like Moers can have various effects. A positive effect could be that demand for real estate in the region increases, which in turn could lead to a revival of the real estate market. On the other hand, a sharp increase in purchase prices could also lead to potential buyers looking for cheaper alternatives and demand to level off.

It remains to be seen how this trend will develop in Moers and other inexpensive cities in the Ruhr area in the coming quarters and what long-term effects it will have on the real estate market.