Property for sale in Nürnberg

As of 2023, the average real estate prices in Nürnberg vary significantly depending on the neighborhood and the type of property. For instance, in the city center, prices for apartments can range from approximately €3,000 to €4,500 per square meter, reflecting the demand for urban living spaces. In contrast, more suburban areas like Langwasser or Erlenstegen tend to have lower averages, closer to €2,500 to €3,000 per square meter. Detached houses in desirable neighborhoods, such as Gärten hinter der Veste, can often exceed €4,500 per square meter, especially for larger homes with gardens. Additionally, the rental market shows similar trends, with average monthly rents for a one-bedroom apartment in the city center hovering around €1,000, while in the suburbs, rents can be around €700 to €800.

Over the past few years, real estate prices in Nürnberg have shown a notable upward trend. According to data from various real estate platforms, the average price per square meter for residential properties increased by approximately 30% from 2019 to 2023. For instance, in 2019, the average price was around €2,500 per square meter, whereas it surged to about €3,250 per square meter by early 2023. This rise has been attributed to a combination of factors, including a strong demand fueled by a growing population, low interest rates, and the city's appeal as a tech and education hub. Neighborhoods like St. Johannis and Gostenhof have experienced particularly sharp increases, with some listings in St. Johannis reaching upwards of €4,000 per square meter. The shift has also led to increased competition among buyers, particularly in the rental market, where rental rates have escalated correspondingly, often exceeding €12 per square meter in desirable areas.

Several key factors influence real estate prices in Nürnberg, including location, property type, and local economic conditions. For instance, the historical Old Town area, known for its medieval architecture and vibrant cultural scene, typically sees higher property values compared to suburban neighborhoods. Proximity to amenities such as schools, parks, and public transport plays a significant role as well; areas with easy access to the metro and tram systems are particularly sought after. The local job market also impacts prices; as Nürnberg is an industrial hub with companies like Siemens and Adidas headquartered nearby, fluctuations in employment rates can affect buyer confidence and housing demand. Additionally, changes in interest rates and housing supply levels, such as newly constructed apartments or single-family homes, are critical determinants. Finally, the city's overall historical significance and tourism appeal contribute to the desirability of certain neighborhoods, further driving up real estate prices in those areas.

Real estate prices in Nürnberg tend to be lower compared to major German cities like Munich or Frankfurt, where sky-high demand has driven prices to record levels. As of late 2023, the average price per square meter in Nürnberg ranges from approximately €3,000 to €4,000, significantly less than Munich, where prices can exceed €6,000 per square meter. Interestingly, cities like Hamburg and Stuttgart also command higher prices than Nürnberg, with averages around €4,500 and €5,000 per square meter, respectively. However, Nürnberg's affordability positions it attractively within the context of the broader German market, especially for those seeking urban living without the financial strain seen in the largest metropolitan areas.

As of late 2023, the price per square meter for apartments in Nürnberg varies widely based on location, size, and condition. In the city center, prices can reach around €4,000 to €5,500 per square meter, particularly in popular neighborhoods like Unschlittt or St. Johannis, known for their charming architecture and vibrant atmosphere. In areas further from the center, such as Langwasser or Ziegelstein, prices drop to approximately €2,500 to €3,500 per square meter. Older buildings and those requiring renovation are often priced lower, around €1,800 to €2,500 per square meter. Additionally, newly built apartments in high-demand sectors can command a premium, with figures soaring to €6,000 per square meter or more in exclusive developments.

Property prices in Nürnberg exhibit significant variation across its neighborhoods, influenced by factors such as location, amenities, and historical appeal. For instance, areas like Altstadt, known for its historic architecture and proximity to cultural attractions, command higher prices, often exceeding €4,000 per square meter. In contrast, districts like Langwasser, which features a mix of residential options and green spaces, typically see lower prices, averaging around €2,500 to €3,000 per square meter. Another example includes the trendy neighborhood of Gostenhof, where young professionals are drawn to its vibrant atmosphere and artistic community, leading to a rise in property values, now averaging around €3,500 per square meter. Meanwhile, areas like Ziegelstein and Mühlhofen, characterized by more suburban settings, tend to remain more affordable, with prices often around €2,000 per square meter, appealing to families and those seeking quieter surroundings. These variations reflect not only economic factors but also the diverse lifestyle preferences across the city.

In Nürnberg, the property landscape is diverse, featuring a mix of residential, commercial, and industrial real estate. The most commonly found residential properties include apartment units, particularly in the central districts like Altstadt and Gostenhof, where prices typically range from €2,500 to €4,500 per square meter. Single-family homes in suburban areas such as Langwasser or Wöhrd often cost between €300,000 and €600,000, depending on the size and condition. For those looking toward investment properties, multi-family units in neighborhoods like St. Jobst can range from €1.8 million to €3 million, with potential for high rental yields. Commercial spaces, prevalent in areas such as the Südviertel, are priced around €180,000 to €300,000 for smaller offices, while larger industrial properties on the outskirts might command prices upwards of €1 million.