display
In Hamburg, the construction costs for apartments have risen in recent years and should continue to rise in 2021.
The so-called prime costs (land and production costs) for the construction of one square meter of living space would have increased by an average of around 17.6 percent between 2016 and 2020 - from 3391 euros to 3987 euros, shared the SPD-led urban development authority and the working group for contemporary issues Bauen (ARGE) helped present an expert opinion on Thursday.
Your forecast: This value will grow to 4188 euros in 2021.
For the current report, the costs of around 1,270 apartments with a total of over 92,000 square meters of living space were evaluated.
The Greens declared that the sharp rise in land prices are a major cost driver.
"It is all the more important that Hamburg intensifies its active land policy in order to be able to provide land for affordable living space," said the parliamentary group.
The North Regional Association of the Federal Association of Independent Real Estate and Housing Companies (BFW) sees rising construction costs as a threat to residential construction in Hamburg.
"For years we have had the experience that building in Hamburg is becoming more difficult and expensive," said BFW CEO Sönke Struck.
“In addition to rising construction costs, new requirements and rising land prices are making new homes more expensive.
It is no wonder that some companies are now turning their backs on the city. "
display
The Association of North German Housing Companies (VNW) described the development as alarming.
"Further state requirements that make building more expensive must be taboo in the coming years," demanded VNW Director Andreas Breitner.
The city must pay particular attention to the development of property costs.
However, the granting of heritable building rights is not an alternative.
"In the end, the companies have to spend a lot of money on a building plot without actually owning it."