Nuremberg is a major city in the Bavaria region of southern Germany, situated along the Pegnitz river and the Rhine-Main-Danube Canal. The city lies at an elevation of 209 metres and is served by Nuremberg Airport. Its local economy and intellectual life are anchored by several major institutions, including the University of Erlangen-Nuremberg, the Technische Hochschule Nuremberg Georg Simon Ohm, and the Academy of Fine Arts, Nuremberg.
Property prices in Nuremberg sit very close to the national average for Germany. The largest share of the city's housing is concentrated in the Weiterer Innenstadtgürtel West/Nord/Ost district, where homes are relatively affordable compared to the city average. By contrast, the historic Altstadt und engere Innenstadt holds slightly less of the housing stock and is priced close to the city norm. The most expensive residential area by far is the Nordwestliche Außenstadt, where property prices are nearly double the city-wide average, while the southern inner district of Weiterer Innenstadtgürtel Süd offers the most affordable housing.
