Real estate prices and location analysis Magdeburg
The real estate market in Magdeburg
Location Analysis, Real Estate Market & Forecast
Magdeburg is the second greenest city in Germany and yet it is considered boring and unattractive. Many employees and officials of the state capital have always appreciated the good ICE connection, so that one could leave Magdeburg in a timely manner in favor of Hanover or Berlin. In recent years, however, a great deal has happened here. Numerous business enterprises have settled here, the university and other universities are attracting young people and, finally, the economic upturn is also having an impact on the real estate situation. High-quality residential properties with a view of the Elbe have become highly sought after and scarce.
Residents Key Figures Magdeburg
Magdeburg is home to 238,136 people spread over 201 km2. This means that 1,185 people live on one km2. Compared to the previous year, Magdeburg grew by 1.02. The city in Saxony-Anhalt was able to achieve the city’s status for the first time in 1882.
A good connection to the motorway network is the A2, which connects Magdeburg on the east-west axis with Hanover, Braunschweig, Salzgitter and finally Berlin. The A14 connects Magdeburg with the towns of Wismar on the Baltic Sea and Dresden. Both motorways are connected via the Magdeburg Cross. This makes it very mobile by car in Magdeburg.
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Economy & Unemployment Rate Magdeburg
Magdeburg has become an attractive business location in recent years. Numerous companies from the fields of mechanical engineering, environmental technology, health care, the circular economy and logistics have settled here. The latter is mainly due to its good geographical location and optimal transport links. Rail, motorway and the navigable Elbe are also intersecting here. The unemployment rate in August 2018 is about the national average, at 9.0.
Real Estate and Investors Key Figures Magdeburg
Basic real estate data
Top residential locations are in Magdeburg Hegelstraße, Humboldtstraße and Margaretenhof. The vacancy rate in Magdeburg was still relatively high at 5.5 in 2014. Rental prices are also noteworthy. With 6.13 € / m2 rents in Magdeburg are still quite inexpensive.
Buildings and housing statistics
In Magdeburg there are 32,907 residential buildings, 761 other buildings have a living space – each without any residential residences being included. After all, there are 43 dormitories in Magdeburg, which is mainly due to the high number of students. In addition, there are 28 other inhabited accommodations in Magdeburg, which do not belong to the previous categories.
Data on residential buildings in Magdeburg
3388 residential buildings are divided into condominiums, which affects 10.56 of all residential buildings in Magdeburg. 2167 residential buildings belong to the municipality or municipal housing companies, that is about 6.76. Before 1919, 12.11 of all residential buildings were built. In the years 1950-1968 10.84 of all residential buildings were built. The stock of new buildings is also relatively high. In 2000 or later, 14.10 of all residential buildings were built. Although there is an increase in construction activity in East Germany, this figure is remarkable.
Data on single-family houses in Magdeburg
There are 17659 single-family houses in Magdeburg. This means that 55.06 of all apartments in Magdeburg are single-family houses. There are 9797 of all apartments, which means 30.54 percent of all residential buildings in Magdeburg.
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Magdeburg Forecast 2030 - Increasing demand for residential and commercial space
The growth of the city will continue for the next few years. It is also to be expected that many civil servants and civil servants who move to the state capital will discover Magdeburg as an attractive food point for themselves. The numerous business enterprises and the change in the image of the city towards a place worth living will continue to make Magdeburg a city to which many cash-rich people will continue to move in the future.
Assessment of the real estate market - Magdeburg
The real estate market in Magdeburg will develop very well in the near future. Investors can therefore only be advised to invest in Magdeburg, because the low rents will certainly not always remain the same.
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Real estate acquisition Magdeburg
Whether residential real estate, undeveloped land, long-term rented commercial properties, apartment buildings in need of renovation or special residential properties – E1 Investments is the first point of contact for the purchase of all kinds of properties nationwide and internationally.
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Purchase of real estate Magdeburg
Purchase criteria Real Estate Magdeburg
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E1 Real Estate INVESTMENTS AHLEN
Weststraße 117, 59227 Ahlen
Phone: +49 (2382) – 94 00 900
Fax: +49 (2382) – 94 00 901
E1 Real Estate Investments AUrich
Arentestr. 15, 26607 Aurich
Phone: +49 (4941) – 950 13 113
Mobile: +49 (171) – 124 53 20
E1 Real Estate Investments Berlin I
Flötnerweg 26, 13437 Berlin
Phone: +49 (30) – 32 60 11 71
Mobile: +49 (176) – 221 37 206
E1 Real Estate INVESTMENTS BERLIN II
New Kantstr. 15, 14457 Berlin
Phone.: +49 (30) – 322 00 410
Mobile: +49 (177) – 308 39 67
E1 Real Estate Investments Bielefeld
Rotkamp 25, 33739 Bielefeld
Phone: +49 (5206) 70 77 417
Fax: +49 (5206) 70 51 384
Mobile: +49 (152) 54 21 71 14
E1 Real Estate Investments Coburg
Mohrenstrasse 11, 96450 Coburg
Phone: +49 (9561) – 853 44 44
Mobile: +49 (171) – 466 14 19
E1 Real Estate INVESTMENTS DORTMUND
Von-Der-Tann Straße 18, 44143 Dortmund
Phone: +49 (231) – 187 159 96
Fax: +49 (231) – 187 159 46
Mobile: +49 (162) – 2000 886