Property Prices in Essen, Germany

Index Info
Price to Income Ratio: 7.70
Mortgage as Percentage of Income: 55.90%
Loan Affordability Index: 1.79
Price to Rent Ratio - City Centre: 26.48
Price to Rent Ratio - Outside of Centre: 40.84
Gross Rental Yield (City Centre): 3.78%
Gross Rental Yield (Outside of Centre): 2.45%
Rent Per Month
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Apartment (1 bedroom) in City Centre 721.00 € 550.00-900.00
Apartment (1 bedroom) Outside of Centre 601.25 € 500.00-750.00
Apartment (3 bedrooms) in City Centre 1,114.00 € 800.00-1,400.00
Apartment (3 bedrooms) Outside of Centre 1,041.43 € 800.00-1,400.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 362.32 € 213.68-743.22
Price per Square Feet to Buy Apartment Outside of Centre 489.29 € 418.06-631.74
Salaries And Financing
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Average Monthly Net Salary (After Tax) 2,974.70 €
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 3.98 3.95-4.00

These data are based on 82 entries in the past 18 months from 14 different contributors.
Last update: February 2024

Sources and References
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