Old town view with a bridge on the river Pegnitz
Interest rates in Nuremberg
5 years
10 years
15 years
20 years
30 years
756 €
815 €
945 €
1,009 €
1,113 €
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City of Nuremberg

Old brigde with scenic riverside view in Nuernberg

City overview

Nuremberg is the 2nd largest city in the state of Bavaria after its capital city Munich. With a population of 532,194 in 2017, the city is among the top ten largest economic centres in Germany. The metropolitan area of Nuremberg consists of more than 20 administrative districts and a GDP of €129 billion as of 2017.

With increasing number of start-ups and growing international players in various industrial sectors, Nuremberg attracts expats from across the world. In 2017, 22.6% of the population were non-germans. With the city’s steady economy and increasing foriegn population, the demand for land and property has also increased in recent years.

Increasing job opportunities and presence of a new technical university will boost employment and overall economy. Exceptional developments in the field of arts & culture, research & consulting, and financial services is also driving the growth in the overall economy.

Real estate market trends & outlook

In 2018, residential rents in Nuremberg for 3-room apartments were priced between €7.50 – €12.00 /sqm. Whereas, rents for terraced houses and semi-detached houses with approx. 120 sqm were priced between €8 – €11.50/sqm. In prime locations, the rents are approximately €14.50/sqm. Popular residential areas are situated close to the city center, particularly in the north of Nuremberg, and are high priced. However, South Nuremberg is more commercially developed and therefore offers cheaper rental prices.

Average prices for new build privately owned apartments increased from €3,900/sqm in 2017 to €4,400/sqm in 2018. However, the average purchase prices for existing apartments increased €2,100/sqm in 2017 to €2,400/sqm in 2018. The key drivers for rising real estate prices in Nuremberg is its proximity to Munich, which is the most expensive city in Germany. Good quality of life, low crime rates, and international exposure in the Bavarian state make Nuremberg an ideal place for people to work and live. In fact, in 2018, Nuremberg was ranked 23rd globally as the city with a good quality of life.

We’re in partnerships with multiple property listing pages and real estate agents to help you find a home. For instance, if you’re planning to buy a property in Nuremberg, particularly new build real estate, you’ll find neubau kompass very useful to find a property!

How prices are growing in
major German cities?

Germany's strong economic growth has resulted in price increases across German cities: On average the prices doubled in the last 10 years. Rents also follow the house price development in Germany: the average increase amounts to 50% between 2008 and 2018.

In Nuremberg, the average purchase price for detached houses (average to basic location) and prime location was priced at €440,000 and €950,000 respectively in 2018. However, middle terraced houses (average to basic) and prime were priced at €290,000 and €425,000 respectively.

About us

LoanLink24 is a German mortgage broker specialized in the Nuremberg real estate market. We also help expats and foreign investors get a mortgage. Our Nuremberg mortgage broker team will advise you in English, and our online platform will find the best mortgage interest rates from among 400+ regional and global German banks.

ou can access our platform any day of the week, at any time, to find help with a German mortgage. Not only that, our mortgage calculator can also show you how much you can borrow, and what your monthly payments may be. And best of all, our resources are in English and are completely free.

LoanLink24 is registered and controlled by the surveillance authority in Nuremberg.

Best interest rates in Nuremberg

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