Real Estate in Nuremberg, Germany
Last updated on Oct 05, 2024
Summary: Expats and retirees talk about real estate in Nuremberg, Germany? How do you find a home in Nuremberg? Should you buy or rent? What is the cost of housing?
How do I find a place to live in Nuremberg?
We asked expats how they chose their neighborhood and found a place to live. They answered:
"Finding a place to live in Nuremberg, involves several steps. First, you need to determine your budget and the type of accommodation you're looking for. This could range from a single room in a shared apartment to a full house, depending on your needs and financial situation. Next, you should research the different neighborhoods in Nuremberg to find one that suits your lifestyle and preferences. Some popular neighborhoods include the Old Town, Gostenhof, and Maxfeld. Consider factors such as proximity to work or school, access to public transportation, safety, and the presence of amenities such as shops, restaurants, and parks. Once you have a clear idea of what you're looking for, you can start your search. There are several online platforms where you can find listings for rentals in Nuremberg, such as ImmobilienScout24, WG-Gesucht, and Immowelt. These websites allow you to filter results based on factors such as price, size, location, and type of accommodation. In addition to online listings, you can also check local newspapers for rental ads. Some people also find it helpful to hire a real estate agent, although this will typically involve additional fees. When you find a place that you're interested in, contact the landlord or agent to arrange a viewing. Be prepared to provide information about your income and employment status, as well as references from previous landlords if applicable. In Germany, it's common for tenants to pay a deposit of up to three months' rent upfront, so make sure you have sufficient funds available. Finally, if you're moving to Nuremberg from another country, make sure you're familiar with the local rental laws and customs. For example, in Germany, it's common for apartments to be rented unfurnished, and tenants are often responsible for installing their own kitchen appliances. It may also be helpful to learn some basic German phrases related to housing and rentals, as not all landlords or agents may speak English," remarked one member in Nuremberg.
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What is a typical expat home or apartment like in Nuremberg?
"A typical expat home or apartment in Nuremberg, is often located in the city center or in the suburbs, depending on the individual's preference for city life or a quieter environment. These homes are usually modern and well-maintained, with a blend of traditional German architecture and contemporary design. The apartments are often spacious, with high ceilings and large windows that let in plenty of natural light. They typically have one to three bedrooms, a living room, a kitchen, and one or two bathrooms. Some apartments may also have a balcony or a small garden. The kitchen is usually fully equipped with modern appliances such as a refrigerator, stove, oven, and sometimes a dishwasher. The living room is often furnished with comfortable sofas, a dining table, and a television. The bedrooms usually have a bed, wardrobe, and sometimes a desk. The bathrooms are typically modern and clean, with a shower or bathtub, a sink, and a toilet. Some apartments may also have a washing machine and dryer. In terms of amenities, many apartment buildings in Nuremberg offer features such as a communal garden, bicycle storage, and sometimes even a gym or sauna. The location of the apartment often provides easy access to public transportation, supermarkets, restaurants, and other local amenities. Many expats also choose to live close to international schools or their place of work. Overall, expat homes in Nuremberg are comfortable, modern, and conveniently located, making them a great choice for those moving to the city," said one person in Nuremberg.
What is the average cost of housing in Nuremberg?
If you are thinking about moving to Nuremberg, cost of living in probably a key consideration. Expats commented about the cost of housing:
"The average cost of housing in Nuremberg can vary greatly depending on the location and size of the property. As of recent data, the cost of purchasing an apartment in the city center may average around €4,000 to €5,000 per square meter. For renting, a one-bedroom apartment in the city center may cost around €700 to €900 per month, while the same outside the city center may cost approximately €500 to €700 per month. A three-bedroom apartment in the city center may cost around €1,200 to €1,700 per month to rent, while the same outside the city center may cost approximately €900 to €1,200 per month. Please note that these are average prices and actual costs may vary," explained one person living in Nuremberg, Germany.
Should I buy or rent a home in Nuremberg?
If you have not spent a lot of time in Nuremberg, you should rent before even thinking about buying. We asked expats there about the buy vs. rent decision:
"The decision to buy or rent a home in Nuremberg, largely depends on your personal circumstances, financial situation, and long-term plans. If you plan to stay in Nuremberg for a long period, buying a home could be a good investment. Owning a home allows you to build equity over time and could provide financial stability in the future. However, buying a home also comes with additional costs such as maintenance, property taxes, and insurance. It also requires a significant upfront investment for the down payment and closing costs. Therefore, if you're not financially ready for these expenses, renting might be a better option. Renting a home in Nuremberg offers more flexibility. It's a good option if you're not sure about your long-term plans or if you prefer not to deal with the responsibilities of homeownership. Renting can also be more affordable in the short term, as it typically requires less upfront money and the landlord is responsible for maintenance and repairs. However, renting doesn't build equity and rent prices can increase over time. You also have less control over your living situation, as the landlord can decide to sell the property or not renew your lease. In conclusion, both buying and renting a home in Nuremberg have their pros and cons. It's important to carefully consider your financial situation, lifestyle, and future plans before making a decision. Consulting with a real estate professional or financial advisor could also be beneficial," said one person in Nuremberg.
About the Author
Joshua Wood, LPC is one of the Founders of Digital Nomad Exchange and serves as Co-President of Expat Exchange. Prior to Expat Exchange and Digital Nomad Exchange, Joshua worked for NBC Cable (MSNBC and CNBC Primetime). Joshua has a BA from Syracuse and a Master's in Clinical and Counseling Psychology from Fairleigh Dickinson University. Mr. Wood is also a licensed counselor and psychotherapist.
Some of Joshua's articles include Pros and Cons of Living in Portugal, 10 Best Places to Live in Ireland and Pros and Cons of Living in Uruguay. Connect with Joshua on LinkedIn.
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