The independent expert committee for land values in the Erlangen area has published updated standard land values. Over the past two years, a trend reversal has been observed on the land market and land prices have fallen for the first time since 2010:
- Prices for individual residential building land have fallen by around seven percent on average across the city, while prices for multi-storey residential building land have fallen by around eight percent
- In previously particularly expensive residential areas, the standard land values for individual residential construction have fallen by up to 15 percent
- Land values for commercial building land have stagnated at the level of the 2022 standard land values
Erlangen still particularly in demand
The price reductions were significant in some cases, depending on the location and quality of the land. The trends identified for Erlangen also correspond to the trends in neighboring cities in the metropolitan region, albeit to a somewhat lesser extent. The figures confirm that the Erlangen area continues to be one of the most sought-after real estate locations in Bavaria.
The most expensive residential locations
The standard land value map is updated every two years by the expert committee for the Erlangen area. It shows the land price level for 275 zones in the city area. For example, a square meter of land in the mixed development zone in Steudach costs 320 euros. If you want to buy in the city center around Nürnberger Straße, you will find land prices of up to 3,020 euros/square meter. Erlangen's most expensive residential areas are located next to the city center residential areas
- along the Schwabach Valley (Sieglitzhof, Loewenichviertel and Burgberg; photo: An der Schwabach; source: Press Office)
- in Röthelheim and Stubenloh
- in the Sebaldussiedlung
- in Alterlangen.
The standard land values here range between 880 and 1,400 euros/square meter.
Where the data comes from
The office of the expert committee anonymously evaluated 1,691 copies of purchase contract documents for land and apartment sales in 2022 and 2023. The data from the purchase price collection is used by the expert committee to determine the standard land value and for other real estate market analyses.
Why the data is needed
The new figures are by no means only of interest to specialists in the real estate sector. The standard land values contribute to transparency on the property market:
- They are particularly useful for informing the public about the situation on the real estate market
- form the basis for the valuation of properties
- are used for tax valuation.
Where to find the new standard land value map
- For viewing in the foyer of the town hall, Rathausplatz 1, or at the office of the expert committee (Gebbertstraße 1, Museumswinkel, 2nd floor)
- Online information with printout from the map via the BORIS Bayern land value information system(www.boris-bayern.de) for a fee
- Map as a printed or digital version
- Written land value information from the office for a fee.