Property Prices in Hanover, Germany

Index Info
Price to Income Ratio: 8.22
Mortgage as Percentage of Income: 50.00%
Loan Affordability Index: 2.00
Price to Rent Ratio - City Centre: 28.80
Price to Rent Ratio - Outside of Centre: 29.53
Gross Rental Yield (City Centre): 3.47%
Gross Rental Yield (Outside of Centre): 3.39%
Rent Per Month
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Apartment (1 bedroom) in City Centre 616.00 € 500.00-1,000.00
Apartment (1 bedroom) Outside of Centre 511.55 € 400.00-950.00
Apartment (3 bedrooms) in City Centre 1,394.00 € 900.00-2,100.00
Apartment (3 bedrooms) Outside of Centre 1,068.50 € 790.00-1,700.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 401.24 € 325.16-510.96
Price per Square Feet to Buy Apartment Outside of Centre 328.30 € 232.26-464.51
Salaries And Financing
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Average Monthly Net Salary (After Tax) 2,388.29 €
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 2.02 1.20-2.50

These data are based on 115 entries in the past 18 months from 21 different contributors.
Last update: July 2021

Sources and References
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