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High-price region Hannover, cheaper are the Harz, Wendland and East Frisia
As the second-largest German state after Bavaria with an area of just under 48,000 square kilometers, Lower Saxony is naturally also a regionally quite differentiated area in terms of its prices for apartments of all types, sizes and years of construction. Areas that have become significantly more expensive in recent years, such as the metropolitan region of Hanover-Braunschweig-Göttingen-Wolfsburg, the East Frisian islands of Borkum, Juist, Norderney, Baltrum, Langeoog, Spiekeroog and Wangerooge, as well as the cities of Oldenburg and Cuxhaven, contrast with more favorable regions such as the two East Frisian districts of Aurich and Leer, the Wendland region in the Lüchow-Dannenberg district, and the Upper Harz region in the districts of Goslar and Osterode. While apartment prices in Hanover in particular already average over 2,300 euros/m², in some locations such as Isernhagen-Süd, Calenberger Neustadt, Nordstadt, Kirchrode and Waldheim they can also be well over 3,000 euros/m², and Braunschweig (approx. 2,000 euros/m²), Wolfsburg (approx. 1,700 euros/m²), Göttingen (approx. 2,200 euros/m²), Cuxhaven (approx. 2,400 euros/m²) and Oldenburg (approx. .400 euros/m²) have become considerably more expensive since 2011, there are in some cases still considerably more favorable offers in the more rural regions mentioned above. Unlike, for example, on the very expensive islands with their prices per square meter of between 5,000 and 16,000 euros/m² for waterfront locations, relatively inexpensive condominiums can still be found in Emden (approx. 1,600 euros/m²) or in the communities of Esens (approx. 1,200 euros/m²) and Wangerland (approx. 1,700 euros/m²), even near the North Sea.
In Lower Saxony, prices rise with the proximity to the water and the cities.
However, housing is much less expensive in the Upper Harz and Wendland regions. Prices in Lüchow-Dannenberg, for example, average just over 600 euros/m², in Hitzacker (Elbe) about 730 euros/m², in Osterode am Harz about 650 euros/m², in Goslar at just under 900 euros/m², in Liebenburg at around 700 euros/m², in Bad Sachsa at under 600 euros/m², in Bad Lauterberg im Harz at around 730 euros/m², but in Bad Harzburg already at around 1,300 euros/m². On the whole, Lower Saxony's west and north are also considerably less expensive than the densely populated south and southeast, although the district of Weser-Ems must be viewed in a differentiated manner. Apartments in Delmenhorst, for example, cost on average around 1,200 euros/m², in Wilhelmshaven around 1,300 euros/m², and in Osnabrück almost 2,000 euros/m². The cities there, as centers of the districts of Ammerland, Aurich, Cloppenburg, Emsland, Friesland, Grafschaft Bentheim, Leer, Oldenburg, Osnabrück, Vechta, Wesermarsch and Wittmund, also have housing prices that sometimes vary widely. For example, Wildeshausen with approx. 1,500 euros/m²), Leer (East Frisia) with approx. 1,600 euros/m², Aurich with 1,700 euros/m², Westerstede with just under 1,000 euros/m², Wittmund with approx. 1,100 euros/m², Brake (Unterweser) with only approx. 800 euros/m², Vechta with just under 1.400 euros/m², Nordhorn with a good 1,500 euros/m², Jever with a high 2,200 euros/m², Meppen with almost 1,500 euros/m², Cloppenburg with almost 1,900 euros/m² and Worpswede, known for its artists' colony, at around 1,500 euros/m².
Good opportunities still await in some of the smaller inland cities
In the remaining cities of the federal state, prices are generally very heterogeneous, with Celle (approx. 1,500 euros/m²), Northeim (approx. 1,200 euros/m²), Nienburg (Weser) (approx. 1,100 euros/m²) and Helmstedt, Bad Fallingbostel and Hameln (approx. 1,000 euros/m² each) presenting themselves as moderate. However, one has to dig much deeper into one's pocket in Diepholz (approx. 1,400 euros/m²), Hildesheim (approx. 1,600/m²), Gifhorn (approx. 1,700 euros/m²) and in Winsen (Luhe) (approx. 2,300 euros/m²), which is mainly due to the proximity of these cities to the even more expensive major cities of Hamburg (approx. 3,700 euros/m²), Bremen (approx. 2,000 euros/m²) and Hanover (mentioned above). For similar reasons, apartment prices in Wolfenbüttel and Rotenburg (Wümme) are also comparably high (both approx. 1,600 euros/m²). However, prices in Peine (approx. 1,200 euros/m²) and Verden (Aller) (approx. 1,400 euros/m²) are still surprisingly low, despite the fact that both cities are located in the immediate vicinity of Bremen and Oldenburg and Hanover, respectively. In conclusion, with regard to the housing market in Lower Saxony, it can be stated that, as in the rest of Germany, prices have risen noticeably in recent years, with few exceptions, particularly in high-quality central and peripheral locations in the larger cities.Thestrongest increase is certainly in the state capital Hannover, whose high prices are already having an impact on price increases in neighboring cities, municipalities and counties.
Shorts facts apartments for sale in Lower Saxony:
- The cities of Hanover, Brunswick, Göttingen and Wolfsburg are becoming more expensive
- Top prices for most waterfront locations and on the East Frisian Islands
- The cities and counties near Hamburg, Bremen and Hanover are rising in price
- Relatively cheap are the Wendland, central East Frisia and the Upper Harz region
- In general, the south and east are more expensive than the west and rural north
- As in Germany as a whole, prices are rising in the larger cities
- Smaller cities and communities in urban catchment areas are also seeing price increases
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