Erding - Corona cannot harm the real estate market in the Erding district.
According to a recent analysis, prices remain high.
While large parts of the economy are in the stranglehold of the pandemic, the real estate market in the Erding district is immune to the corona virus even without a vaccination.
The lockdown failed to put pressure on the already overheated market.
On the contrary: prices will continue to rise.
Karl Kainz and Maximilian Hofer from the Erdinger real estate office Kainz, who observe the market for the industry association IVD, assume this.
The price analysis only included purchases that were actually made and not prices that were just called up.
"So far, Corona has not harmed the market," reports Kainz: "No trace of a break-in, more of an increase." And, in his opinion, they have to do with the virus: "People are drawn to the countryside.
They learned to appreciate its advantages in the lockdown ”, says the real estate entrepreneur.
His partner Hofer sees no relief either: “Many have discovered the home office for themselves and want to continue using it in the future.
A - longer - commute does not matter. "
Kainz observed that “there is increasing demand for houses with gardens or apartments with balconies”.
If that is not the case, "real estate is much more difficult to sell".
In addition, Erding is still the “promised land” with a reasonably stable economy and good infrastructure, despite the toughest economic crisis since the Second World War.
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Observing the market on behalf of the IVD: the real estate experts Karl Kainz (left) and Maximilian Hofer from Erding.
© Hans Moritz
Because the large new development areas, such as the Thermengarten or the Poststadl in Erding, are still under construction, there is only a very small supply of new apartments.
And even when they are finished, Hofer and Kainz do not believe in a fall in prices due to a larger supply.
“The reason is expensive and cannot be increased,” says Kainz.
In addition, real estate is increasingly being an investment - and investors want their return.
So no prospect of affordable housing?
Kainz and Hofer agree “that housing associations and cooperatives will play a bigger role in this”.
But that's just a drop in the bucket.
And models like SoBoN, in which investors have to build part of social housing, tend to lead to Kainz “that the freely available units are even more expensive”.
The brokers describe the hire-purchase model sought by the district as "interesting, if it works".
It is one of the few ways to get home ownership even for average earners.
The advice of Kainz and Hofer: "Municipalities must offer building land on a long-term lease basis."
The market is so overheated that realtors have to prevent their customers from investing more than 40 percent of their household income in their homes.
On the other hand, Kainz has already turned down sales offers - "if they are no longer representably overpriced".
His branch also bears “a bit of responsibility”.
The commercial real estate market is far less dynamic, if not even declining slightly.
Hofer reports that one square meter of office space currently costs between 12.30 and 15 euros.
"Due to the crisis and home office, however, demand is waiting."
In the case of shops, the rent depends heavily on the location.
Up to 25.30 euros per square meter are possible.
The spectrum ranges up to 11.60 euros (reference size 60 square meters).
Larger shops (around 150 square meters) cost between 12.50 and 22 euros.
“The trend is currently towards smaller areas,” says Hofer.
Larger stores are particularly attractive for chain stores.
Kainz agrees that they are increasingly shaping the image of city centers: “They are regarded as particularly reliable tenants.” He also knows the demand that owners should hold back on prices in favor of colorful city centers, but he knows: “When it comes to demand, that's not what it is Diversity available that one wishes for. "
The prices in the district of Erding at a glance:
Rented apartments from the period before 1960 cost between 11.40 and 14.30 euros per square meter, depending on the residential value, and from 11.10 to 14.90 euros from the period thereafter.
Newly built rental apartments cost between 14.20 and 17.20 euros / square meter.
The rents for row houses range between 1470 and 1750 (existing) and 1840 to 2050 euros (new building), those for semi-detached houses between 1680 and 1940 (existing) and between 2000 and 2100 euros (new building).
The square meter of fully developed building land for single-family houses is available for 1550 to 1800 euros / square meter;
for multi-family houses the range is between 1420 and 2100 euros / square meter.
Single-family houses achieve between 850,000 and 1.65 million euros.
For terraced houses it is between 620,000 and 720,000 (existing) and 750,000 to 795,000 euros (new construction).
Average prices for semi-detached houses range between 703,000 and 870,000 euros for existing buildings and between 910,000 and 970,000 euros for new buildings.
The square meter apartment costs between 4700 and 5800 (existing) and between 6200 and 7500 euros (new building).
