Pforzheim in price comparison: Where to stay is cheap and where is expensive!

Pforzheim in price comparison: Where to stay is cheap and where is expensive!

Pforzheim, the eighth largest city in Baden-Württemberg with around 116,000 inhabitants, offers a diverse real estate landscape that is strongly influenced by the respective districts. How PZ News reported, there are massive price differences that can vary up to four times depending on the residential area.

Real estate expert Frank Böckler explains that the cheapest district of Pforzheim is the Oststadt, while general prices in the valley are often cheaper than in the higher parts of the city. This is due, among other things, to the fact that the eastern part of a city is often less structured, which leads to lower rents.

The price landscape in Pforzheim

Real estate prices in Pforzheim are significantly cheaper compared to neighboring cities such as Karlsruhe and Stuttgart. Nevertheless, attractive residential areas are rare. At the moment the real estate market is showing stable prices, after a decline of over 5% in the first half of 2008.

The market is characterized by high demand for multi-family homes, especially from investors. Particularly popular residential areas include:

• Am Hachel: Dieses kleine Viertel überzeugt mit Blick auf die Innenstadt. Die Preise haben hier eine hohe Bandbreite, wobei eine Jugendstilvilla bei etwa 850.000 Euro liegt.
• Wolfsberg: Beliebt bei Familien mit Preisen für Einfamilienhäuser zwischen 180.000 Euro und 550.000 Euro. Trotz gewerblicher Lärmbelästigung werden stabile Preise und Mieten hier erwartet.

Historical and economic insights

Pforzheim, also known as the “Gold City” and internationally recognized as a jewelry metropolis, produces around 75% of Germany’s jewelry. This tradition has shaped the city despite its destruction in February 1945, when 98% of the city area was destroyed by English bombers. Almost 18,000 people died in this tragic event.

However, Pforzheim is struggling with a high unemployment rate of 9.2%, which puts it at the bottom of Baden-Württemberg. Services contribute almost 70% of gross value added, while two thirds of jobs are in the areas of metal processing, electronics, electrical engineering and mail order. Despite these challenges, the city's real estate market remains generally stable and continues to offer interesting prospects for buyers and investors.