Property Prices in Essen, Germany

Index Info
Price to Income Ratio: 5.84
Mortgage as Percentage of Income: 42.35%
Loan Affordability Index: 2.36
Price to Rent Ratio - City Centre: 24.82
Price to Rent Ratio - Outside of Centre: 28.48
Gross Rental Yield (City Centre): 4.03%
Gross Rental Yield (Outside of Centre): 3.51%
Rent Per Month
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Apartment (1 bedroom) in City Centre 634.21 € 340.00-900.00
Apartment (1 bedroom) Outside of Centre 514.62 € 340.00-680.00
Apartment (3 bedrooms) in City Centre 1,274.00 € 1,000.00-1,500.00
Apartment (3 bedrooms) Outside of Centre 949.09 € 800.00-1,600.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 335.78 € 213.68-371.61
Price per Square Feet to Buy Apartment Outside of Centre 300.38 € 276.85-418.06
Salaries And Financing
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Average Monthly Net Salary (After Tax) 2,932.42 €
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 3.97 3.90-4.00

These data are based on 124 entries in the past 18 months from 21 different contributors.
Last update: December 2024

Sources and References
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