Property Prices in Essen, Germany

Index Info
Price to Income Ratio: 4.66
Mortgage as Percentage of Income: 28.40%
Loan Affordability Index: 3.52
Price to Rent Ratio - City Centre: 18.74
Price to Rent Ratio - Outside of Centre: 19.29
Gross Rental Yield (City Centre): 5.34%
Gross Rental Yield (Outside of Centre): 5.18%
Rent Per Month
[ Edit ] Range
Apartment (1 bedroom) in City Centre 494.11 € 400.00-900.00
Apartment (1 bedroom) Outside of Centre 403.75 € 350.00-550.00
Apartment (3 bedrooms) in City Centre 1,000.00 € 700.00-1,400.00
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 198.19 € 130.06-260.13
Price per Square Feet to Buy Apartment Outside of Centre 179.61 € 74.32-306.58
Salaries And Financing
[ Edit ]
Average Monthly Net Salary (After Tax) 2,180.95 €
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 2.04 1.00-2.29

These data are based on 71 entries in the past 18 months from 13 different contributors.
Last update: October 2020

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.