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Living in green surroundings: north-east Hamburg in high demand
There is a notable disparity between the widespread discourse surrounding various national crises and the individual behaviors being observed. Despite the existing reform delays in areas such as pensions, taxes, and bureaucracy, as well as public concerns regarding climate change, economic fragility, and escalating unemployment rates, there is a marked resurgence in demand within the residential real estate sector.
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Property sales figures for the first half of 2025 on the rise
Buyer sentiment in Hamburg: positive!
Decentralized locations in focus - also due to supply reasons
Property sales figures for the first half of 2025 on the rise
Not only has demand risen sharply again, but the number of sales is also growing steadily. In the first half of this year, the number of flats sold in north-east Hamburg, i.e. in Alstertal, the Walddörfer, Rahlstedt and Marienthal, rose by over seven per cent, according to figures from the Hamburg Expert Committee.
Detached houses, terraced houses and semi-detached houses, which were less in demand last year, are also becoming more sought after. Here, the number of sales in northeast Hamburg rose by 6.7 per cent in the first half of the year compared to the same period last year.
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Buyer sentiment in Hamburg: positive!
Following a period of subdued demand and significantly declining sales figures between 2023 and mid-2024, more prospective buyers are regaining confidence and starting to look for properties. According to a survey conducted in late summer, one third of all Hamburg residents can imagine purchasing a property in the near future – representing considerable potential demand.
The desire to own a house or flat is also driven by a particular preference: a quarter of those surveyed would like to live in the countryside, on the outskirts of the city or just beyond. The downward trend in construction interest rates and a simultaneous increase in supply are making it possible for more and more prospective buyers to afford their own residential property, especially in the green districts of the city.
Decentralized locations in focus - also due to supply reasons
The particular preference for living in green areas correlates with the rather limited supply in central locations in the Hanseatic city, which is also unaffordable for many. The alternative of renting a flat is also out of reach for many prospective tenants due to a lack of supply or rents that have become far too high. Buyers are currently being noticeably selective because there are still many properties on the market and because prospective buyers attach particular importance to immaculate condition and good energy efficiency.
