Commission-free real estate directly from the owner in Würzburg

Bavaria - Würzburg - Real estate market in general

Würzburg, the center of Franconian wine - jokingly referred to by neighboring Hesse as the Weißwurstäquator.

General information about Würzburg

Würzburg is located in the picturesque Main triangle and is the episcopal seat of the Diocese of Würzburg.Thecity's most famous landmark is the Würzburg Residence, which, together with the Court Garden and Residence Square, was added to the UNESCO World Heritage List in 1981.

In 2003, Würzburg celebrated its 1300th anniversary, making it one of the historically oldest cities in Germany. With almost 30,000 students at the university and various colleges, the proportion of 18-30 year-olds in the total population of Würzburg is higher than in any other city in Germany.

Culture and nightlife in Würzburg

The annual Africa Festival is a special highlight for visitors from near and far who are enthusiastic about the culture and music of the African continent. The Airport discotheque, one of the oldest large-scale discotheques in Germany, lets even the biggest night owls get their money's worth, in addition to various clubs, bars and student pubs.

Real estate market in Würzburg

Not least because of the many students in Würzburg, over 50% of all households are 1-person households, according to the Würzburg city administration. There is therefore an extremely high demand for 1- 2 room apartments. Offers that do not involve a brokerage fee are extremely rare. In the absence of suitable rental apartments, more and more parents are buying their offspring a small condominium for the period of their studies, which is later rented out to third parties. TheWürzburg real estate market is therefore particularly suitable for investors.

Rental prices in Würzburg

Rents in Würzburg have risen significantly over the past three years due to high demand and the associated low supply, particularly in the 1- and 2-room apartment segment:

The average rent in Würzburg is €8.68/m², which is above the national average. That is why offers from privateownersare particularly sought-after.

Purchase prices for condominiums in Würzburg

The average property purchase price in Würzburg is €2,467/m², which is above the national average. Properties for which no broker's commission is payable are popular because they reduce the incidental costs incurred when buying an apartment in Würzburg.

* There was no supply in this segment at the time the price was determined.

Purchase prices for houses in Würzburg

The purchase prices for houses in Würzburg are higher than real estate prices nationwide. Anyone who can therefore avoid brokerage costsisonly too happy to do so.

Outlook on the development of the real estate market in Würzburg

Particularly for the segment of 1 - 2 room apartments, demand remains very high due to the population structure in Würzburg. According to our estimates, both rental and purchase prices will remain stable or increase slightly in 2014, depending on the location. Rents and purchase prices for large apartments and houses are correspondingly more favorable. So if you want to settle in the Main triangle, you can make a bargain, especially for large properties.Especiallyif there is no brokerage fee!