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German houses are not, on average, 1.2 million euro. How do we check? I just went Immobilienscout and tried a random small city "Tübingen" which has a populati
by ArtTimeInvestor 5y ago
German houses are not, on average, 1.2 million euro.
How do we check? I just went Immobilienscout and tried a random small city "Tübingen" which has a population of only 80k:
https://www.immobilienscout24.de/Suche/de/baden-wuerttemberg/tuebingen-kreis/tuebingen/haus-kaufen https://www.immobilienscout24.de/Suche/de/baden-wuerttemberg...
Looking at these prices, €1.2M seems like a good ballpark number.
- acdha 5y agoTübingen is a college town with a major university. I would not expect that to be especially cheap with that kind of built-in demand where anyone buying property has guaranteed rental income in a town which is close to a third students.
- ketzu 5y ago> random small city "Tübingen" Tübingen is an infamously expensive outlier. Most average costs for houses I saw online are around 250-400k€. My own hometown, Ulm (not too far from Tübingen, and a bit larger) has Houses around 500-600k in good positions (although 1mio+ houses exist as well). On a square meter basis, there are maps like this: https://www.immowelt.de/immobilienpreise/deutschland/hauspreise https://www.immowelt.de/immobilienpreise/deutschland/hauspre... giving an average of 2.6k€/m² (Tübingen being around 5k€/m²)