Building and Living  

Nuremberg has half a million inhabitants, and the city keeps growing – with decreasing birth rates, this phenomenon is due to increasing migration into the city, mainly from Northern Bavaria and the remaining Bavarian territory. With the increasing number of inhabitants, the average sum paid for rented accommodation also went up: from 5.50 Euros per square metre in 2004 to 6.17 Euros in 2010.

After a few years of inactivity, building in Nuremberg has increased again since 2004. In 2009, prices for building ground for residential housing for several families were, depending on the location, between 150 and 620 Euros per square metre, for detached or semi-detached houses between 190 and 750 Euros per square metre.

Detached houses were priced at between 190,000 and 590,000 Euros. Buyers of terraced houses, depending on location, had to pay between 150,000 and 290,000 Euros. Prices for apartments were between 2,100 and 3,000 Euros per square metre for first buyers, and between 1,100 and 2,000 Euros for further sales.

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