Commission-free Houses to buy in Thüringen

Thuringia: The green heart of Germany

Thanks to increasing economic stabilization since the turn of the millennium, Thuringia has the lowest unemployment rate in eastern Germany, which is only about 2% above the national average. TheThuringian economy is of great importance, especially due to Zeiss, Bosch and Opel in the optical industry and vehicle manufacturing.
However, the general wage level in Thuringia is significantly below the average for Germany as a whole.

Demographic development

According to projections, the population of Thuringia's counties and independent cities will decline by between 10 and 30 % by 2030. Nevertheless, investing in Thuringia's real estate market is particularly attractive for young families with many children. The Kindergarten Act passed in May 2010 guarantees a childcare place for every child from the age of one. In addition, compared to the rest of Germany, the real estate stock in Thuringia is in a better energetic and qualitative condition.

Real estate market for buying a house in Thuringia

In addition to the state capital Erfurt, Jena, Weimar and Gera play a noteworthy role in the evaluation of the real estate market in Thuringia. In general, offers from private buyers are particularly popular.

Price development for the purchase of a house in Erfurt from 2011 - 2014 (as of May 2014)

Price development for the purchase of a house in Jena from 2011 - 2014 (as of May 2014)

Price development for the purchase of a house in Gera from 2011 - 2014 (as of May 2014)

Price development for the purchase of a house in Weimar from 2011 - 2014 (as of May 2014)

In Erfurt, Jena and Weimar, the prices per square meter for the purchase of a house are consistently above the nationwide real estate prices as of May 2014. The particularly stable development of the sqm price for buying a house in Erfurt is striking.

Location and market development in Erfurt

Despite the general negative demographic trend, Erfurt is on a growth trajectory, not least due to the Federal Garden Show to be held there in 2021 and the associated upgrading of previously neglected parts of the city. We expect a particularly high demand for single-family homes with a living space of 120 m² or more and a plot size of between 400 m² and 800 m² in the medieval city center and the Dichterviertel district of Erfurt. Offers thatdonot involveabrokerage fee are particularly sought after.

Outlook for the development of prices when buying houses

We expect the highest increase for single- and two-family houses in prime locations in Erfurt. In contrast, purchase prices for simple and mid-range locations will not change significantly. Properties without brokerage costs are also particularly sought-after for this segment.

Purchase prices for detached and semi-detached houses in Jena and Weimar are expected to settle at the level achieved. Here, too, offers from privatebuyersare preferred.