Grants awarded publicly for restructuring the specified company in the form of monetary aid.
The Appraisal Committee for Real Estate Values in Kreis Herford and the City of Herford has published its half-yearly report for the period January 1, 2025, to June 30, 2025. The report, along with the real estate market report and a real estate price calculator, can be found on the website of the Appraisal Committee at www.boris.nrw.de. For those who prefer an app format, the real estate market report is also accessible via the appraisal committee's website at https://www.gars.nrw/herford.
The report reveals a vibrant real estate market in the district town and city of Herford. In the first half of 2025, approximately 6% more purchase agreements were concluded compared to the previous year. The Hanseatic City of Herford had the highest number of concluded purchase agreements at 239.
The sale of residential building plots in the first half of 2025 was at a similar level to the first half of 2024 and above that of the first half of 2023. In Herford, an average of €261/m² was paid for residential building plots. The average prices for fully developed residential building plots varied by municipality and location, averaging €186/m² in the Kreis area.
The report shows a stable market for older properties, with prices remaining predominantly stable. Prices for these houses, built before 2010 (excluding new builds), averaged €453,000. Older condominiums were priced significantly lower than new ones, with an average of €3,680/m² of living space paid for new condominiums.
The number of purchase agreements for detached and semi-detached single and two-family houses increased by approximately 34% in the first half of 2025 compared to the previous year. Average prices for condominiums in multi-family houses remained stable or slightly increased compared to the previous year.
Most sold condominiums (60 m² - 100 m²) were recorded in the municipalities of Bünde, Herford, Enger, and Löhne, with a tendency towards increasing sales figures. Sales turnover in the Kreis area totaled €261 million, with Herford accounting for €69 million and Bünde accounting for €49 million.
Sonja Boxhammer, chair of the appraisal committee for land values in the Herford district and city, emphasized the importance of transparency and guidance for the market with the latest figures for the first half of 2025. She emphasized that the analysis is based on notarial purchase agreements and provides a crucial foundation for valuation, lending, and planning in the real estate sector.
Further information can be obtained by contacting the appraisal committee at 05221/13 2506 or via email at gutachterausschuss@unserwebsite. For those seeking a more hands-on approach, the search results do not provide information about who was the chairperson of the appraisal committee for land values in the district town and city of Herford in 2025.
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