Property Prices in Hanover, Germany

Index Info
Price to Income Ratio: 7.11
Mortgage as Percentage of Income: 51.63%
Loan Affordability Index: 1.94
Price to Rent Ratio - City Centre: 26.45
Price to Rent Ratio - Outside of Centre: 22.23
Gross Rental Yield (City Centre): 3.78%
Gross Rental Yield (Outside of Centre): 4.50%
Rent Per Month
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Apartment (1 bedroom) in City Centre 818.00 € 750.00-1,100.00
Apartment (1 bedroom) Outside of Centre 588.25 € 550.00-800.00
Apartment (3 bedrooms) in City Centre 1,393.33 € 1,200.00-1,500.00
Apartment (3 bedrooms) Outside of Centre 930.00 € 780.00-1,100.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 428.00 € 310.11-472.87
Price per Square Feet to Buy Apartment Outside of Centre 250.59 € 232.26-278.71
Salaries And Financing
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Average Monthly Net Salary (After Tax) 2,567.73 €
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 3.98 3.95-4.00

These data are based on 75 entries in the past 18 months from 20 different contributors.
Last update: April 2024

Sources and References
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