Property Prices in Hanover, Germany

Index Info
Price to Income Ratio: 6.68
Mortgage as Percentage of Income: 48.53%
Loan Affordability Index: 2.06
Price to Rent Ratio - City Centre: 22.81
Price to Rent Ratio - Outside of Centre: 21.34
Gross Rental Yield (City Centre): 4.38%
Gross Rental Yield (Outside of Centre): 4.69%
Rent Per Month
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Apartment (1 bedroom) in City Centre 871.25 € 750.00-1,000.00
Apartment (1 bedroom) Outside of Centre 634.00 € 550.00-920.00
Apartment (3 bedrooms) in City Centre 1,385.71 € 1,200.00-1,700.00
Apartment (3 bedrooms) Outside of Centre 922.88 € 708.00-1,500.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 381.78 € 288.00-472.87
Price per Square Feet to Buy Apartment Outside of Centre 250.59 € 232.26-278.71
Salaries And Financing
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Average Monthly Net Salary (After Tax) 2,545.89 €
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 3.98 3.95-4.00

These data are based on 90 entries from 21 contributors over the past 18 months.
Last update: April 2025

Sources and References
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