Property Prices in Hanover, Germany

Index Info
Price to Income Ratio: 5.57
Mortgage as Percentage of Income: 38.05%
Loan Affordability Index: 2.63
Price to Rent Ratio - City Centre: 24.33
Price to Rent Ratio - Outside of Centre: 20.26
Gross Rental Yield (City Centre): 4.11%
Gross Rental Yield (Outside of Centre): 4.93%
Rent Per Month
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Apartment (1 bedroom) in City Centre 906.67 € 800.00-1,100.00
Apartment (1 bedroom) Outside of Centre 639.56 € 550.00-920.00
Apartment (3 bedrooms) in City Centre 1,476.67 € 1,300.00-1,700.00
Apartment (3 bedrooms) Outside of Centre 1,033.33 € 800.00-1,400.00
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) 3,277.00 €
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 3.29 2.28-4.00

These data are based on 106 entries in the past 18 months from 34 different contributors.
Last update: July 2024

Sources and References
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