Dachau is an expensive place to live: prices have risen by 10 percent

Created: 03/31/2022, 06:07

Buyers of condominiums in the Dachau district have to pay 6566.06 euros per square meter.

This makes the district the fifth most expensive in Germany.

© Photo: deer

The district of Dachau remains an expensive place to live.

In the second Corona year 2021, the prices for home ownership in the district continued to rise - the district is still one of the most expensive in Germany in terms of housing.

Dachau – In a survey by the Hamburg Institute for World Economics (HWWI) for Postbank, the real estate price development in the 401 German administrative districts and urban districts was examined.

In the Postbank Wohnatlas 2022, Dachau ranks fifth among all districts in Germany with a price per square meter of 6566.06 euros for existing condominiums.

Compared to the previous year, 2020, prices in the district of Dachau have risen by 10.06 percent, adjusted for inflation.

Across Germany, the increase was even 14.2 percent.

Dachau is an expensive place to live

As Postbank also reports, existing condominiums have become more expensive in 98 percent of all German administrative districts and urban districts.

Persistently low interest rates, unbridled demand and stagnating supply determined the real estate market in Germany in 2021.

“The new records on the real estate market are supported by fears of interest rate hikes and rising inflation.

Many Germans are fleeing to concrete gold and are increasingly including the cities in the second row, after metropolises like Munich are already considered overvalued,” says Eva Grunwald, Head of Real Estate at Postbank.

"The corona pandemic has only strengthened the desire to have one's own home and expanded the radius."

Nowhere else do buyers have to pay as much for a square meter as in Munich

Germany's most expensive place is still Munich.

Nowhere else do buyers have to pay as much per square meter as in the Bavarian state capital.

The price for condominiums in the portfolio rose by a further 9.9 percent compared to the previous year and averaged 9732 euros per square meter in 2021.

The nation's most expensive district is still near the North Sea: In the district of North Friesland, which includes the popular islands of Sylt, Föhr and Amrum, but also holiday resorts such as St. Peter Ording, the square meter for owner-occupied apartments cost an average of 7977 euros last year.

Here, too, the year-on-year increase accelerated to 14.3 percent (2020: 4.8 percent).

In addition to North Friesland, the top 10 most expensive districts only include districts in Munich's commuter belt

In addition to North Friesland, the top 10 most expensive districts only include districts in Munich’s commuter belt and in the holiday regions of the foothills of the Alps.

In this group, the prices in the district of Miesbach (7973 euros) increased the most at 14.9 percent, so that the gap to North Friesland 2021 is only a few euros.

In the district of Starnberg (7,258 euros), growth weakened to 6.2 percent, which pushed the region from third place to the district of Munich (7,454 euros).

Starnberg is followed by the districts of Dachau, Ebersberg (6343 euros), Fürstenfeldbruck (6246 euros), Garmisch-Partenkirchen (5995 euros) and Freising (5962 euros).

Real estate suitable for families cannot be found in the metropolises

"For two years now, working from home has made many people think about moving from the big city to the surrounding area.

Despite significantly rising prices, average earners are more likely to be able to afford an apartment with a study and a garden, while there are no properties suitable for families in the big cities,” says Grunwald.

Bernhard Hirsch