Oldenburg real estate market and its development over the past 5 years

Increase in Property Purchase Prices
Between 2019 and 2024, the average property prices in Oldenburg rose steadily. In 2019, the cost per square meter was approximately €2,500, while by 2024, it had increased to €3,200—an overall growth of 28%. This rise was driven by high demand and a limited housing supply. The trend aligns with the broader German real estate market, where property prices have consistently climbed in recent years.
Changes in the Rental Market
Rental rates in Oldenburg also saw notable increases. In 2019, the average rent was around €8.50 per square meter. By 2024, this had grown to €10.50 per square meter, reflecting a 23% rise. The primary driver of this growth is the high demand from students, young professionals, and new residents drawn to the city’s economic and social opportunities.
Key Factors Shaping the Real Estate Market
1. Economic Growth: Oldenburg remains a vital economic and educational hub in the region, attracting new residents and boosting housing demand.
2. Population Influx: The rising number of residents, particularly students and professionals, significantly impacts both the purchase and rental housing markets.
3. Infrastructure Development: Investments in transportation networks, social facilities, and urban modernization have increased the city’s appeal and contributed to price growth.
4. Construction Investments: New residential and commercial projects are expanding the market, although construction activity often struggles to keep pace with growing demand.
Comparison with Other Regions
Price increases in Oldenburg align with trends observed in other German cities. Many German cities have reported similar housing price hikes in recent years. However, compared to major metropolises like Berlin, Hamburg, or Munich, Oldenburg remains more affordable. This makes it particularly appealing to families, students, and investors looking for more cost-effective opportunities.
Market Outlook
The Oldenburg real estate market is expected to continue its stable growth in the coming years. Sustained economic growth and improved infrastructure will support housing demand. However, potential price growth deceleration could result from macroeconomic factors such as changes in interest rates and labor market fluctuations.
Experts advise investors to consider the city’s long-term prospects and carefully analyze market data before making financial commitments.
Conclusion
Over the past five years, Oldenburg’s real estate market has demonstrated consistent growth, driven by improved quality of life, infrastructure development, and increasing housing demand. Prices for both property purchases and rentals have risen significantly, making the city an attractive destination for long-term investments. However, market participants should remain mindful of potential risks and be prepared for shifts in pricing trends.