Cologne Institute for Economic Research (Institut der deutschen Wirtschaft) developed a "rating of German cities in 2013", which reflected its vision of the future development of the largest cities in the country, reports ee24.com citing iwkoeln.de.
Cities were scored on the level of labor market dynamics, industry performance indicators, housing policy, standards of living and convenience of the citizens.
Top 10 German cities on the main development factors
|
City
|
Final score
|
Real estate market
|
Quality of life
|
Labor market
|
Economic development
|
|
1. Wolfsburg
|
66.7
|
14.4
|
5.8
|
24.5
|
22
|
|
2. Ingolstadt
|
63.2
|
14.1
|
5.5
|
24.5
|
19.2
|
|
3. Erlangen
|
57.3
|
12.1
|
4.6
|
21.6
|
18.9
|
|
4. Regensburg
|
56.8
|
11.6
|
5.3
|
23.1
|
16.8
|
|
5. Leipzig
|
56.3
|
094
|
05.3
|
25.5
|
16
|
|
6. Würzburg
|
55.4
|
11.2
|
4.7
|
23.1
|
16.4
|
|
7. Braunschweig
|
55.3
|
11.2
|
5.3
|
22.8
|
15.9
|
|
8. Berlin
|
54.9
|
12.2
|
5.1
|
22.2
|
15.4
|
|
9. Kassel
|
54.8
|
12.2
|
4.8
|
23.5
|
14.3
|
|
10. Oldenburg
|
54
|
13.2
|
5.5
|
21.1
|
14.2
|
Automotive industry and science remain crucial factors in the development of German cities. No wonder that on the top of the rankings are Wolfsburg, which houses manufacturing and headquarters of Volkswagen concern, and Ingolstadt, which headquarters Audi. Erlangen and Regensburg — the Research Centers, located in Bavaria, are on the third and fourth places.
Top 10 German cities on the development of real estate market
|
City
|
Final score
|
Rent price
(Q3 2008 - Q3 2013)
(%)
|
Purchase price
(Q3 2008 - Q3 2013)
(%)
|
New homes (2007-2011)
(1,000)
|
Building permits
(2007-2011)
(1,000)
|
|
1. Wolfsburg
|
14.4
|
37.7
|
34.5
|
-1.1
|
2.3
|
|
2. Ingolstadt
|
14.1
|
31.5
|
56.9
|
4
|
5.7
|
|
3. Oldenburg
|
13.2
|
21.5
|
45.3
|
6.2
|
8.4
|
|
4. Fürth
|
12.5
|
27.3
|
54.9
|
0.4
|
4.2
|
|
5. Augsburg
|
12.3
|
18.2
|
39.5
|
5
|
6.7
|
|
6. Berlin
|
12.2
|
28.9
|
40.9
|
0.4
|
0.9
|
|
7. Kassel
|
12.2
|
27.9
|
35.2
|
-0.1
|
0.5
|
|
8. Erlangen
|
12.l
|
17.8
|
47.2
|
6.1
|
5
|
|
9. Regensburg
|
11.6
|
14.1
|
63.5
|
4.5
|
5.1
|
|
10. Ulm
|
11.6
|
13.7
|
29.5
|
3.5
|
7.7
|
In the ranking of the development of real estate markets Wolfsburg took the first place, thanks to a high rate of growth in rents. Even dropped by more than a thousand in the number of houses built, compared with 2007. Ingolstadt took the second place due to a significant increase in the cost of housing, as well as an increase in the number of building permits issued.
The most of new homes was built in Oldenburg. It is also the leader in the number of building permits issued. The significant increase in prices for Berlin real estate is leveled by the low rates of the new construction, leaving the city on the sixth line. The fastest rise in housing prices was recorded in Regensburg, but the weak performance of the construction and rental left it only on the ninth row.