Hannover’s property market

Residential building boom

Hannover has half a million inhabitants, and its population has increased by over 25,000 since 2010 alone.

The result is a boom in the market demand for residential property. With a balance of both old and new buildings, the main quality criteria when choosing a location include proximity to the city centre, local amenities and excellent transport connections. The new residential areas both in the city and in the towns and communities in the Hannover region meet these demands.

According to the rent index, the average rent in Hannover is around €9.23/m², and the top rent in a new build is around €14.50. Newly built owner-occupied apartments fetch on average €3,800/m2, and up to €5,500. The price for a detached single occupancy house is well above €300,000 on average, with an annual rate of increase of 5%. The vacancy rate has been below 2% for several years, which is much lower than the so-called fluctuation reserve. Despite the dynamic development of the market, rents and purchase prices for building sites and residential property in Hannover are extremely modest compared to other major German cities.

Hannover’s property market

Reserve areas for industry

Welcome! The Hannover region has approximately 775 hectares of industrial real estate to offer businesses wishing to set up in the centre of Lower Saxony.

Hannover’s property market

Superb location for offices

Enough space for a desk and a laptop: covering approximately 4.95 million m2 and most recently with an annual turnover of 120,000 m2, the Hannover region...

Hannover’s property market

Top address for retail

Online trade is not seen as cut-throat competition here, but rather as a stimulus: Hannover boasts 290,000 m2 of sales space, making it one of the top nat...

Hannover’s property market

Growth in the hotel market

Tourism in the Hannover region is at an all time high.

Hannover’s property market

Residential building boom

Reserve areas for industry

Superb location for offices

Top address for retail

Growth in the hotel market

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