Prices rise again: Real estate market in the Esslingen district stabilizes!

Prices rise again: Real estate market in the Esslingen district stabilizes!

In the district of Esslingen, something is happening on the real estate market. According to the Report of the Volksbank Middle Neckar , the times for falling prices for houses and apartments have come to an end. Buyers can be reassured - you should no longer assume that the prices falling. The real estate market stabilizes according to the violent declines that have shaped the past few years.

For the first time in a decade, real estate prices in the Esslingen district are stagnating, such as the Esslinger Zeitung reported. In many cases, prices actually drop. This trend reversal is remarkable, because in 2022 the prices in the Esslingen, Kirchheim and Nürtingen region rose noticeably. In 2023, on the other hand, a price drop in residential properties was found in many places.

What do the experts say?

The market development is above all the result of continuing high construction costs and increased key interest rates that increase the pressure on the real estate market. These factors affect not only the purchase prices, but also the rental prices that rise faster than the purchase prices. An interesting trend that showed us the Markt analyzes of the upper expert committees: In the first half of 2024 there were initial signs of stabilization on the market, despite an easy price reduction in the third quarter. In the long term, however, the demand for real estate exceeds the supply, which exerts significant pressure on prices.

The evaluation also shows that while interest in residential properties in urban centers decrease, demand in rural areas tends to be stable. A clear aging of the buyer structure and changed lifestyles could be the reasons for these market developments. Nevertheless, the lower sales clearly indicate another downward potential.

conclusion for those interested in purchase

If you are looking for a property in the Esslingen district, you should know that the prices do not just drop, but seem to level off on a new level. Seen in this way, it could now be a good time to do good business. The offer is still influenced by the increasing construction costs and difficulties on the financing market, but the prerequisites for stabilization are met. Precise attention to future developments cannot harm here.