Property Prices in Hanover, Germany

Index Info
Price to Income Ratio: 8.26
Mortgage as Percentage of Income: 50.23%
Loan Affordability Index: 1.99
Price to Rent Ratio - City Centre: 30.41
Price to Rent Ratio - Outside of Centre: 31.49
Gross Rental Yield (City Centre): 3.29%
Gross Rental Yield (Outside of Centre): 3.18%
Rent Per Month
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Apartment (1 bedroom) in City Centre 588.62 € 500.00-800.00
Apartment (1 bedroom) Outside of Centre 488.33 € 400.00-647.00
Apartment (3 bedrooms) in City Centre 1,308.67 € 870.00-2,000.00
Apartment (3 bedrooms) Outside of Centre 983.11 € 750.00-1,700.00
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) 2,378.00 €
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 2.02 1.20-2.50

These data are based on 116 entries in the past 18 months from 20 different contributors.
Last update: May 2021

Sources and References
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