The current real estate prices in the district of Bad Tölz-Wolfratshausen have been determined by Schneider & Prell Immobilientreuhand AG in Wolfratshausen. © Schneider & Prell Immobilientreuhand AG/Hans Lippert
Demand on the real estate market in the district of Bad Tölz-Wolfratshausen, which has been overheated for years, has cooled down. However, potential house or apartment buyers cannot expect "major price corrections".
Bad Tölz-Wolfratshausen – Increased loan interest rates, skyrocketing energy and construction costs as well as high inflation: For many people, the dream of owning their own four walls is over. The real estate market "has come to a standstill," says Peter Schneider, managing director of Schneider & Prell Immobilientreuhand AG in Wolfratshausen and member of the appraisal committee for property values in the district. However, according to him, this development has not led to "major price corrections". On the contrary: "On average, the prices for semi-detached houses in the district have continued to rise, and the existing stock has even slipped over the one million euro mark."
The current real estate prices in the district of Bad Tölz-Wolfratshausen: expert warns of "fallacy"
Schneider has analyzed the current real estate market and published a short report this week. Purchase sales have declined "noticeably" in recent months, while at the same time the supply of real estate has increased "significantly". The expert explains the latter with a "longer dwell time of the individual properties on the market". This means that houses and apartments can no longer be sold in as quickly as the famous hot cakes. Anyone who now rejoices that real estate prices in the district are tumbling into the basement could be mistaken, says Schneider. "On the one hand, especially in times of crisis, property owners rely on the lasting value of their concrete gold, and on the other hand, the high inflation rate must also be calculated against the construction interest rate."
New construction projects are being put on hold – which means that new properties in demand are in short supply on the market.
Real estate manager Peter Schneider
Not to forget: in the face of exorbitant costs, construction activity has "noticeably declined", property developers are "holding back". One of the reasons for this is the now more restrictive lending by financial institutions. The real estate manager sums up: "New construction projects are being put on hold – which means that sought-after new properties are in short supply on the market." There is no prospect of a short-term change in the situation. Matthias Bauer, chairman of the expert committee for land values in the district, can therefore only state: "It remains to be seen how prices will develop in 2023."
Demand is highest in Wolfratshausen, Geretsried and the district town of Bad Tölz
According to Schneider's analysis, houses or apartments in the three cities in the district continue to be most in demand. In Wolfratshausen, Geretsried and Bad Tölz, an increase in real estate prices year after year has been as certain as the amen in the church. "Price increases of up to 100 percent in the period from 2016 to mid-2022 were not uncommon," says Schneider in retrospect. But "the party is over," Martin Harbalik, head of the real estate department of Sparkasse Bad Tölz-Wolfratshausen, told our newspaper back in March. However, Harbalik and Schneider do not assume that houses and apartments between Icking and Jachenau will ever be put in the shop window with the label "bargain price".
Bad Tölz scores points with interested parties due to its location on the edge of the Alps, a high recreational value, a good infrastructure and "the picturesque old town", Schneider knows. For years, the demand for existing and new properties has far exceeded supply. In the current price index, this is expressed as follows: In a top location, you have to scrape together more than 1.5 million euros for a single-family house in the district town. Anyone who is flirting with a semi-detached house (first occupancy) must put at least 1.2 million euros on the table. A brand new condominium with around 80 square meters of living space is available in a very good location in Bad Tölz for around 650,000 euros.
This is what a single-family house in a prime location in Geretsried currently costs
The largest city in the district, Geretsried, "has undergone rapid development in recent decades," says Schneider. "Geretsried has also seen the most new construction activity in recent years." As reported, the Krämmel company is currently building the "OPUS. G". By 2027, 770 rental and owner-occupied apartments will be built successively. If you prefer to live in a single-family house in a prime location in Geretsried - you would have to have a good 1.2 million euros in the cross for the sales talk. By way of comparison, a second-hand three-room apartment in a mediocre location can be had from 280,000 euros.
0
Also Read
Hubert ohne Staller: Bald wieder auf Streif - neue Staffel und "Kultabend" angekündigt
READ
"Every cent is worth it here" – Groundbreaking ceremony for 70-million-euro project at fire brigade school
READ
Accident with racing cyclist: 65-year-old falls - the perpetrator is sought
READ
Power failure: Defect in transformer in Bayernwerke's Wolfratshausen switchgear unit
READ
No money: There are no more free rides for students in Wolfratshausen
READ
Fancy a voyage of discovery?
My Area
In Schneider's eyes, the rafting town of Wolfratshausen, located between the green lung of Bergwald and the Loisach, impresses with "its idyllic surroundings, a historic market street" and "excellent transport connections". Due to the topographical location, however, hardly any further building land can be developed in the municipality - "the trend is therefore inevitably towards densification rather than external development". High-quality condominiums are currently being built on Heidestraße (all but one have already been sold) and a further 21 on Mühlpointweg. There, a good half has already been taken.
Experts recommend solvent interested parties to "buy now"
A new condominium in a medium to good location in Wolfratshausen currently costs a good 7500 euros – per square metre, of course. If a single-family house (first occupancy) is offered in a premium location, around 1.3 million euros will be called for it.
"For properties in good or very good condition as well as high-quality properties in sought-after and therefore high-priced residential areas in the district, hardly any price declines are to be expected," predicts Peter Schneider. After all, there are still people "with a good equity base". The still strong demand – which meets weak construction activity – "is likely to lead to prices not only stagnating in the near future, but even picking up again". Schneider would have missed his profession if he did not point out: "Experts advise solvent interested parties to buy now." (cce)
Info: The complete real estate market report is available from Schneider & Prell Immobilientreuhand AG in Wolfratshausen.
Our Wolfratshausen-Geretsried newsletter informs you regularly about all the important stories from your region. Sign up here.
