Taide’s Weblog

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The Recession isn’t ONLY Bad

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Prices for freehold flats in Bremen have gone down by 23.6 per cent in 2008. On average, buying such a flat in Germany came at the cost of 120,900 Euros, that’s 3.5 per cent less than in 2007. In Munich, prices went up.

There is a downward trend not only in Bremen, but also in neighbouring (or surrounding) Lower Saxony.

ugly rural residential area, Lower Saxony

ugly rural residential area, Lower Saxony

So far, this is how Verden’s local paper quotes Associated Press today. The Handelsblatt adds that one year earlier, there had been a substantial rise in Bremen’s freehold flat prices, and the decline was a correction of that earlier trend.

Either way, if sustained, this trend should do the Lower Saxonian commuter belt around Bremen,  and the Lower Saxonian hinterland in general, a lot of good. Maybe more people than before may move into the city, rather than buying property in rural “development” areas which spread in this otherwise beautiful countryside like cancer until recently.

Related:
For Sale, but at a Given Price, April 5, 2009
The Countryside – Reasons to Go, Reasons to Stay, June 7, 2008

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Written by taide

September 25, 2009 at 8:14 pm

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  1. […] Taide’s Weblog welcome back to school « The Recession isn’t ONLY Bad […]


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