Nuremberg isn’t known as a significant real estate location even though it has been the economic and cultural centre of Northern Bavaria for years. But lower prices than in more prominent German cities, make buying property in Nuremberg a good investment.
The property market is growing steadily which can be seen in a renewed high level of real estate transaction volume in 2021. At EUR 1.39 billion, the sales volume was indeed about a tenth below the previous year’s figure, but it was still slightly above the average of the last five years. The top position was taken by the segment of institutional housing with a generated transaction volume of around EUR 525 million. The surpassing of last year’s figure by +6% is an indicator to a continuing interest in residential investments in Nuremberg.
The office segment showed a contradictory development in 2021 with only EUR 286 million or 61% less than the previous year due to a lack of opportunities. Since there were no large-volume sales (above EUR 100 million) observed the highest office transaction amounted to almost EUR …