Property Prices in Essen, Germany

Index Info
Price to Income Ratio: 5.54
Mortgage as Percentage of Income: 33.38%
Loan Affordability Index: 3.00
Price to Rent Ratio - City Centre: 17.27
Price to Rent Ratio - Outside of Centre: 23.91
Gross Rental Yield (City Centre): 5.79%
Gross Rental Yield (Outside of Centre): 4.18%
Rent Per Month
Edit Range
Apartment (1 bedroom) in City Centre 580.00 € 400.00-900.00
Apartment (1 bedroom) Outside of Centre 422.50 € 350.00-550.00
Apartment (3 bedrooms) in City Centre 1,085.71 € 900.00-1,400.00
Apartment (3 bedrooms) Outside of Centre 948.75 € 800.00-1,150.00
Buy Apartment Price
Edit
Price per Square Feet to Buy Apartment in City Centre 206.71 € 130.06-260.13
Price per Square Feet to Buy Apartment Outside of Centre 227.61 € 74.32-371.61
Salaries And Financing
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Average Monthly Net Salary (After Tax) 2,111.43 €
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 1.93 1.00-2.29

These data are based on 69 entries in the past 18 months from 11 different contributors.
Last update: April 2021

Sources and References
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1 Comments so far
Moghadas on May 03, 2018:
Would you kindly let me know the rise of property value in central Essen area (Jacob str.) in the last 3 years.
Thank you.