Ready-to-construct land parcels are experiencing an increase in costs - Rising costs of fertile farming lands observed
In the heart of Germany, Thuringia offers a unique landscape for property development. The region's building-ready land prices have been a topic of interest, with significant variations across different districts.
According to the Statistical Office of the Free State, the average price per square meter of building-ready plots in Thuringia in 2022 was approximately 74 euros. This figure represents a notable increase from the 63 euros per square meter recorded in 2021.
Thuringia's regional variations in building-ready land prices are evident. Some districts, such as Jena and Erfurt, are more expensive, with an average price per square meter of 342 euros in Jena and 299 euros in Erfurt. On the other hand, the district of Hildburghausen had the cheapest prices for building-ready plots, with a cost of only 31 euros per square meter in 2022.
The city of Jena, with its basin location, has seen a scarcity of free building plots, contributing to the higher prices. In contrast, prices in the southern Thuringian city of Suhl were 51 euros below the state average for building-ready plots.
The adjacent Saale-Holzland district was the most expensive district in Thuringia in 2022. The trend of increasing prices for building-ready plots seems to be spreading across Thuringia, as reported by the Statistical Office of the Free State.
It's important to note that Thuringia's land prices are lower than the national average for building-ready land in Germany. The figures for the national average price of building-ready land in Germany were provided by the Federal Statistical Office, with an average of 250 euros per square meter in 2022.
Despite the rising prices, building-ready land in Thuringia remains relatively affordable compared to other regions in Germany. The region's lower prices could attract property developers and homeowners seeking affordable opportunities.
In conclusion, Thuringia offers a diverse landscape for property development, with significant variations in building-ready land prices across its districts. Prospective buyers and developers should carefully consider their options to find the most suitable location for their needs.
