Property Prices in Erfurt, Germany

Index
Price to Income Ratio:	6.42
Mortgage as Percentage of Income:	46.45%
Loan Affordability Index:	2.15
Price to Rent Ratio - City Centre:	22.57
Price to Rent Ratio - Outside of Centre:	27.58
Gross Rental Yield (City Centre):	4.43%
Gross Rental Yield (Outside of Centre):	3.63%

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Rent Per Month	Edit	Range
Apartment (1 bedroom) in City Centre	819.25 €	650.00-927.00
Apartment (1 bedroom) Outside of Centre	467.78 €	443.33-500.00
Apartment (3 bedrooms) in City Centre	1,405.56 €	1,200.00-1,800.00
Apartment (3 bedrooms) Outside of Centre	941.66 €	883.33-1,000.00
Buy Apartment Price	Edit
Price per Square Feet to Buy Apartment in City Centre	366.96 €	366.96-366.96
Price per Square Feet to Buy Apartment Outside of Centre	275.46 €
Salaries And Financing	Edit
Average Monthly Net Salary (After Tax)	2,693.65 €
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate	3.95	3.38-4.00

These data are based on 31 entries in the past 18 months from 7 different contributors.
Last update: November 2024

Sources and References

Nearby cities:

Property Prices in Gera	52.15 miles
Property Prices in Halle	75.85 miles
Property Prices in Coburg	76.31 miles
Property Prices in Zwickau	77.79 miles
Property Prices in Hof	86.72 miles
Property Prices in Goettingen	90.78 miles
Property Prices in Leipzig	91.12 miles
Property Prices in Chemnitz	92.74 miles
Property Prices in Kassel	94.02 miles
Property Prices in Kronach	94.26 miles

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Dresden	133.59 miles
Frankfurt	162.02 miles

country data (source The World Bank, 2024)
GDP Per Capita ($) :	54,000.00
GDP Growth Rate:	1.81%
Population Growth Rate:	-0.12%