Hamburg is Germany’s most important port, and one of the leading cargo handling centers in the world. It is the entrance for every market in North, Central and Eastern Europe, and the largest commercial traffic between Europe and overseas.
In real estate performance, Hamburg its among the leaders in Germany with prime rent €19.00 per sqm and an average rent of €13.50 per sqm. For the overall market the Property Valuation Committee in Hamburg has calculated a rise in the price of rental investments in 2013 of 8.8 %.
A continued strong demand and the shortage of properties on offer, in particular in the top locations in Hamburg confirm the very high prices level reached.
Districts with average location qualities are gradually developing into preferential residential locations, for example Lokstedt and also Langenhorn, as a neighbour of the prestigious Walddörfer. Barmbek is meanwhile already designated as a new, so-called trend quarter.
The price development of properties for capital investment depends mainly on the development of rents and the opportunities for rent increases. Freehold apartments are increasing at a rate of 6.5 % and of detached houses at a rate of 6.1 %.
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