Property Prices in Hanover, Germany

Index Info
Price to Income Ratio: 8.62
Mortgage as Percentage of Income: 56.67%
Loan Affordability Index: 1.76
Price to Rent Ratio - City Centre: 31.33
Price to Rent Ratio - Outside of Centre: 28.07
Gross Rental Yield (City Centre): 3.19%
Gross Rental Yield (Outside of Centre): 3.56%
Rent Per Month
Edit Range
Apartment (1 bedroom) in City Centre 705.56 € 600.00-850.00
Apartment (1 bedroom) Outside of Centre 550.00 € 400.00-920.00
Apartment (3 bedrooms) in City Centre 1,373.33 € 1,200.00-2,000.00
Apartment (3 bedrooms) Outside of Centre 977.78 € 800.00-1,550.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 464.51 € 464.51-464.51
Price per Square Feet to Buy Apartment Outside of Centre 311.22 € 278.71-343.74
Salaries And Financing
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Average Monthly Net Salary (After Tax) 2,423.00 €
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 2.87 1.50-3.90

These data are based on 90 entries in the past 18 months from 20 different contributors.
Last update: June 2023

Sources and References
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