General development of property prices in Magdeburg

Property prices Magdeburg 2023
Up-to-date overview of real estate prices

Welcome to our current overview of real estate prices in Magdeburg! In this article, we offer you a comprehensive analysis of the real estate market in Magdeburg, based on the data up to the end of June 2023. Use this information for your investment decisions and immerse yourself in the fascinating world of real estate prices in this charming city on the Elbe.

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General development of property prices in Magdeburg

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Property prices in Magdeburg have risen steadily in recent years as the demand for real estate has increased continuously. The average price per square metre is currently €2,662.95. However, this average price may vary depending on the location and features of the property.

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Prices per square metre in different parts of the city

The prices per square metre in Magdeburg vary greatly depending on the residential area. Popular residential areas such as Stadtfeld, Sudenburg and the old town have higher prices per square metre and can reach up to €3,500 per square metre. In less frequented districts such as Fermersleben or Neustädter Feld, prices are often between €2,000 and €2,500 per square metre.

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Table of Contents Property prices Magdeburg

House prices 2023 in Magdeburg

For home buyers, the prices are also interesting. In 2023, house prices have increased slightly. The average price of a single-family home is currently around €300,000 to €400,000, while townhouses are often slightly cheaper, costing between €250,000 and €350,000.

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View property prices in the Magdeburg area

The area around Magdeburg offers promising investment opportunities. In smaller communities and villages around the city, properties can be purchased at more affordable prices. Here, prices are often between €1,500 and €2,500 per square metre, making these regions particularly attractive for property buyers looking for peace and nature.

Analysis and outlook of the real estate market in Magdeburg

The real estate market in Magdeburg is showing a positive development and is expected to continue to grow. The growing population, a solid economic situation and attractive residential areas attract both local and international investors. Nevertheless, before investing, we recommend conducting a thorough market analysis and seeking expert advice to identify the best opportunities.

Top residential areas in Magdeburg

The sought-after residential areas in Magdeburg include Stadtfeld, Sudenburg, Cracau and the city centre. Here you will find historic old buildings as well as modern new buildings and a good infrastructure.

Property price development in Magdeburg for apartments and houses

The average purchase price for houses in Magdeburg is 2,590 euros per square metre. Compared to the previous year, this is an increase of about 7.08%. Prices have risen steadily over the past few quarters. In the current quarter (end of June 2023), the price per square metre is already 2,850 euros.
For apartments, the average purchase price is 2,309 euros per square meter. Compared to the previous year, this is an increase of about 2.05%. Prices also increased slightly in the last quarter and now stand at 1,700 euros per square metre.
The development of real estate prices in Magdeburg shows a positive trend, both for houses and apartments. This is an indication of the attractiveness of the city as an investment location and the increasing demand for real estate.

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Lifetime franchisees share their experience

Experiences of our franchise real estate agents

Our franchise real estate agents report on their successes and share their experiences with E1 Real Estate Agent Franchise:

E1 Immobilien Franchise - Lassen Sie sich inspirieren
Norbert Scherf E1 Immobilien Franchise Trier

With E1 Immobilienmakler Franchise I was able to achieve remarkable success as a franchise partner, thanks to exclusive co-marketing of off-market real estate and lucrative deals with a commission of over half a million euros.

E1 Franchise-Optionen für Makler
Astrid Felder E1 Immobilien Franchise Möhnesee

As a real estate agent in the E1 real estate agent franchise system, I benefit from worldwide reach and digital expressions of interest for off-market real estate, while I can concentrate on serving my existing clients.

E1 Immobilien Franchise-Erfahrungen
Rene Diewert E1 Immobilien Franchise Rügen

Thanks to the partnership with E1 Immobilienmakler Franchise, as an experienced real estate investor and portfolio holder, I can take my knowledge and expertise to a new level and achieve successful business deals.

E1 Holding - Ihre Chance im Immobilien Franchise
Jens Uwe Kern E1 Real Estate Franchise Distribution Spain

Behind E1 Holding is an impressive working machine that supports us as a real estate agent franchise partner in the best possible way and with E1 Immobilien Franchise we have made the right choice to be successful in the real estate market.

E1 Franchise - Vorteile für Immobilienmakler
Nesimi Aydıngül E1 Immobilien Franchise Mannheim

Thanks to my partnership with E1 Immobilienmakler Franchise, I have already been able to successfully broker several high-quality investment properties to existing customers and earn lucrative brokerage commissions in the process.

E1 Investments Dubai - Jörg Klarner
Jörg Klarner E1 Real Estate Franchise Distribution UAE

As a platinum partner and distributor for the UAE, E1 Immobilienmakler Franchise enables me to be internationally active in the real estate market and convinces with honesty, visionary orientation and helpful cooperation.

Real estate prices and location analysis Magdeburg

Location analysis, real estate market & forecast - Magdeburg is the second greenest city in Germany and yet it is considered boring and not very attractive. 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.

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Infrastructure Magdeburg

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.

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.
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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.

You can find off-market real estate in Magdeburg on E1 Plus

If you are looking for exclusive off-market properties in Magdeburg, E1 Plus offers a diverse selection of properties that are not publicly advertised on real estate portals. These special offers are aimed at investors and real estate buyers who are looking for exclusive opportunities and want to benefit from a discreet real estate purchase. Discover unique and attractive properties that are not open to the general public and thus offer an increased chance of finding particularly lucrative deals.

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Sell your property directly to investors without applying on portals with E1 Plus

As the owner of a property in Magdeburg, you have the opportunity to sell your property directly to potential investors without time-consuming advertising on real estate portals. E1 Plus offers you a platform where you can communicate your concerns confidentially and interested investors can contact you. By contacting reputable investors directly, you get a quick and efficient way to sell your property while getting the best price.

Find the right real estate agent in Magdeburg on E1 Plus

Choosing the right real estate agent is crucial for the successful purchase or sale of a property in Magdeburg. E1 Plus offers you a platform where you can find qualified and experienced real estate agents who know the market in Magdeburg very well and will support you professionally in your project. Rely on competent brokers who will support you with their expertise and experience and help you find the right property or successfully complete your sale.

Deposit your purchase profile on E1 Plus free of charge and secure off-market real estate in Magdeburg

If you, as an investor or buyer, have specific requirements for your dream property in Magdeburg, you can store your purchase profile free of charge on E1 Plus. This measure gives you access to exclusive off-market properties that meet your criteria. E1 Plus allows you to search specifically for properties that meet your needs and investment goals, and offers you the chance to discover attractive real estate opportunities at an early stage.

E1 Holding offers investment opportunities for real estate in Magdeburg

As part of E1 Holding, a leading real estate company in Germany, E1 Plus offers interesting investment opportunities for investors in real estate in Magdeburg. Take advantage of this opportunity to participate in promising real estate projects in the city and benefit from attractive returns. E1 Holding has many years of experience and a broad network, which offers you as an investor additional security and expertise. Invest in the up-and-coming real estate market in Magdeburg with E1 Holding and take advantage of the opportunities for a successful investment.

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Frequently Asked Questions

FAQ on real estate prices Magdeburg

What do you want to know?

Yes, real estate prices in Magdeburg have risen steadily in recent years, especially for houses and apartments.

The most expensive residential areas in Magdeburg are located in districts such as Stadtfeld, Sudenburg and the old town.

Yes, there are affordable properties at attractive prices in the surrounding smaller communities and villages.

Magdeburg is known for technology, logistics and mechanical engineering, which are important industries for the local economy.

Yes, due to the stable economy and attractive residential areas, Magdeburg offers good opportunities for real estate investments.

Yes, there are various subsidy programs for real estate buyers in Magdeburg. The city and state of Saxony-Anhalt offer support in financing real estate purchases, especially for young families, single parents and lower-income households. Information on current funding opportunities can be obtained from the responsible city administration or local banks.

The ancillary costs when buying real estate in Magdeburg are made up of various factors, such as real estate transfer tax, notary fees, land registry fees and brokerage commission (if relevant). As a rule, the additional costs can be between 7% and 10% of the purchase price. It is advisable to find out about the exact utility costs before buying.

Infrastructure plays an important role in the choice of real estate in Magdeburg. Good access to public transport, shopping facilities, schools, kindergartens and medical care facilities are decisive criteria for many real estate buyers. Residential areas with a good infrastructure are often particularly in demand.

Listed properties can be a worthwhile investment as they offer tax advantages and often have unique historical features. However, the purchase and renovation of a listed property requires special expertise and financial resources. It is advisable to seek in-depth advice before investing.

The current vacancy rate in Magdeburg is comparatively low and, according to current statistics, is around 3.5%. The city has seen a positive development in recent years, which has increased the demand for housing and reduced vacancies.

Yes, there are certain regulations when buying real estate for foreign investors, especially in connection with the acquisition of land. Non-EU citizens may need to apply for a permit to purchase real estate in Germany. It is advisable to inform yourself about the current regulations.

The development of the rental market in Magdeburg shows an increasing demand for housing. Rents have risen slightly in recent years, but are still comparatively moderate compared to other major German cities. The location and features of the property play an important role in the amount of rent.

Away from the well-known residential areas, there are some insider tips for real estate buyers in Magdeburg. Districts such as Buckau and Rothensee are becoming increasingly popular and offer attractive housing options at comparatively affordable prices.

Digitization is playing an increasingly important role in the real estate market in Magdeburg. Online platforms provide quick and easy access to real estate listings, virtual viewings are becoming increasingly popular, and digital technologies support the entire buying process.

The average construction time for new buildings in Magdeburg can vary depending on the project and scope. As a rule, the construction of a single-family house or condominium takes about 12 to 18 months. Large construction projects can take several years to complete.

Yes, there are various tax aspects to consider when buying real estate in Magdeburg. These include, but are not limited to, real estate transfer tax, property tax and income tax on rentals. It is advisable to seek advice from a tax advisor.

The prognosis for the further development of the real estate market in Magdeburg is positive. Due to the stable economic situation and the growing popularity of the city as a residential and investment location, an increasing demand for real estate is expected. Prices could continue to rise slightly.

Yes, there are various funding programmes for energy-efficient refurbishment of existing properties at regional, national and European level. These programmes are intended to promote the energy-efficient refurbishment of buildings and support climate protection. Information on this can be obtained from the relevant authorities.

You can have the value of your property in Magdeburg determined by a professional property valuation. For this purpose, appraisers, experts or real estate agents are available to you who can objectively assess the current market value of your property.

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