Old town real estate: The love for the Patina can be worth it

The attractiveness of a city and its sense of life takes each person differently. Often, the preferences change with life circumstances or the age. But sometimes there is a Consensus: Beautiful and picturesque old towns many people experience as special and valuable, a download this however, to linger, to Discover and to little time travel. As one of the most well-known examples in Germany are also popular abroad Rothenburg is Ob der Tauber – with typical cobbled streets and medieval architecture, as well as many half-timbered houses and shops, the traditional Christmas decorations and sweet snow bales to offer.

Kerstin Papon

editor in the economy.

The majority of people are likely to enjoy in front of a unique backdrop, especially on day trips or short vacations. But sometimes the attraction can be so lasting, that such a city for more is out of the question, if the circumstances allow this. And in spite of the ongoing low interest rate environment, widely been significant rise in real estate prices some of the old town treasures is still relatively attractive. This found the professionals of the real estate service provider McMakler, as you have evaluated the real estate climate in the 30 most beautiful old towns in Germany. Who missed his own favorites, this selection is subjective. It is based on various travel portals on the Internet.

Some of the prices are still attractive

Approximately two-thirds of the 30 studied cities are in the price as a comparatively moderate – including the cities of Celle, Görlitz or Lüneburg. This results in the analysis that exists of the F. A. z exclusive. As a measure of the so-called price factor is used, the ratio of purchase price to rent. In 20 cities, the measure was in the first half of 2020 below 24 (see graphic). Such values have long been regarded as a good buying indicators, says McMakler.

In the celebrity "A-cities" and cities, however, prices would, mainly due to the sharp rise in purchase of trading real estate already more than 30 - and even 50-Fold of the annual net cold rent. Marginal can be observed this phenomenon even in smaller cities. The majority of it here but still moderate prices and attractive yield opportunities.

As a particularly attractive use of a price factor of less than 20 shall apply accordingly. According to the analysis of such a value in the five cities was to be found: Goslar (about 10.8), Quedlinburg (14,8), Alsfeld (16,2), Görlitz (17,7), and even in the popular Rothenburg Ob der Tauber (19,4). Here it is necessary to pay more to buy a property than to live in this rent, says McMakler. To values of 20 to 24 15 locations, including smaller towns such as Celle, Dinkelsbühl, or Husum, as well as greater, such as Bremen and Dresden come.

the condition for buyers is usually a certain level of capital. The historically low mortgage interest rates could help many to fulfill his dream. According to data from the FMH financial advice, for example, have to be paid for a loan with ten years fixed interest rates currently in the national average of 0.68 per cent, for 20 years, it is 1.14 percent.