Harbour City

9 Replies

How much is it to live in Harbour City? Is it like the London Docklands?

Replies

Yulia-958930 1441751864

HafenCity?


Looks mega expensive to me. Fantastic location and ultra-modern building design.

OverlordNick 1441795515

Not as expensive as London, but expect to part with half a million euro for a modest apartment there.

AllyPallyMally 1441873149

For a modest one? Well that's kind of like London then isn't it? How much are the up-market spacious apartments in HafenCity then?

Yulia-958930 1441970131

It's probably a good investment if you can afford it. Hamburg is an amazing city who's statue and reputation is only going to grow over time in my opinion.


If that's the case then property will coninue to rise in price.

OverlordNick 1442234307

Until the global economic debt crisis strikes following the imminent US interest rate rise.

Yulia-958930 1442306767

Even during the 2008 crisis property prices in London stayed ridiculously high. I see Hamburg like this. It's up there as one of the richest city in Europe http://www.worldsrichestcountries.com/worlds-richest-cities.html


and then you add in the proximity to the sea and all the other positives about this beautiful city and I think that the affluent areas will always stay desirable.

OverlordNick 1442488596

It's a big rich city, but not immune to property devaluation.


It's not london either. London is artificially inflated by Russian and Chinese billionaire investment.


When the ECB put the interest rates up again in Europe it might be interesting too.

Yulia-958930 1442564879

Recessions and interest rate rises rarely affect the mega-rich.

OverlordNick 1442922239

That's true. However, are the mega rich the ones that are buying in Hamburg (Genuine question as I don't know the answer). In London, the Chinese and Russian billionaires are buying up all the properties near the Crossrail stations and inflating the prices.


London is a bubble waiting to go pop. I'm pretty certain the same can't be said for Hamburg.

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