You are a real estate developer in Hamburg.

Who would rather choose the village than the big city these days?

Jan Hauser

Editor in Business.

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Compared to the past ten years, we don't see any major changes here.

Town and country have different popularity in different phases of life.

Above all, the younger generations up to the mid-30s are drawn to the city to complete their training here.

The groups that have started a family often prefer to live in more rural regions or on the outskirts of large cities with their children.

When they get older, people go back to the city because the supply, in terms of medicine and care, is often better.

The 60+ generation also enjoys the cultural offerings within easy reach.

In our current quarter building blocks, such as the Eleven Decks in the Überseequartier Süd in Hamburg, we try to meet the needs of all these target groups.

Is the house in the country worth it financially compared to the big city?

That always depends on the property and the micro-location.

That is why it cannot be said in general terms.

Residential properties in growing locations are certainly still a safe long-term investment with potential for appreciation.

Apart from money, what other points like working from home play an important role in the choice between city and country?

Every year we conduct a neighborhood study and ask 10,000 people how they would like to live in the city and in the country.

Ultimately, it is becoming increasingly clear here that city and country could learn from each other.

The people who live in villages want more culture, gastronomy, a well-developed digital infrastructure and public transport.

City dwellers, on the other hand, want more greenery in their quarters, participation in public space, for example, opportunities to meet neighbors, a community that also enables them to identify with their place of residence.

For us, quarters are a symbiosis of the perfect village, where intimacy and community are equally commonplace, and of the city, where the energy of a metropolis flows and innovations of tomorrow emerge.

Rising interest rates, construction costs and energy prices: will more people move to the provinces or to the metropolises in five or ten years?

In principle, there have always been currents in both directions.

Interest rates, construction costs and energy prices are currently making it difficult to implement new construction projects both in the metropolis and in the country or in the infrastructurally well-developed commuter belt of metropolises, which incidentally could be the winners.

Due to the greater flexibility of the labor market, the latter get the additional benefit of the office, which in the metropolises is more and more fulfilled by sharing offers.

The home ownership rate in Germany is low and remains low at around 50 percent.

This again shows a high degree of flexibility.

It will depend very much on the individual needs and preferences that can be met.

People who love culture and appreciate and use sharing concepts and on-demand concepts will live in the metropolis.