E - PAPER

CURRENT MONTH

LAST MONTH

VIEW ALL
  • HOME
  • NEWS ROOM
  • COVER STORY
  • INTERVIEWS
  • DRAWING BOARD
  • PROJECT WATCH
  • SPOTLIGHT
  • BUILDING BLOCKS
  • BRAND SYNC
  • VIDEOS
  • HAPPENINGS
  • E-MAGAZINE
  • EVENTS
search
  1. Home
  2. INTERNATIONAL

German Rents See Record Increase in 2023

German Rents See Record Increase in 2023

BY Realty Plus
Published - Tuesday, 25 Apr, 2023
German Rents See Record Increase in 2023

Since the New Year, asking rents have risen by more than 7 percent across Germany. Both existing properties and new builds are affected, and Berlin and Stuttgart have seen the most extreme jumps.

According to new data from the real estate platform Immoscout24, rent increases in Germany in the first months of 2023 are already breaking records. Between January and March 2023, the cost of renting existing flats in Germany rose by between 7,4 and 7,7 percent. Compared to asking rents from the same period last year, the figures have increased by up to 12 percent for existing properties and by up to 20 percent for new build housing.

So far, people living in German cities have been worst affected by rising rents, which are now becoming unaffordable for people on both low and middle-income wages. Speaking to the Frankfurter Allgemeine Zeitung (FAZ), the managing director of Immoscout24, Gesa Crockford, said, “Berlin and Stuttgart are recording extreme increases of around 8 and 9 percent for new rental flats within the first quarter."

While all of Germany's cities are rapidly becoming unaffordable for many people, the trend is even more noticeably dramatic in Berlin and in Germany's most expensive city, Munich. Since the new year, asking rents for existing flats in Berlin have reached a record high of 12,56 euros per square metre, compared to 18,44 euros in the capital of Bavaria. The nationwide average currently lies at 8,01 euros per square metre.

Rising construction costs mean the German government is currently reluctant to build enough housing to meet growing demand, but tenants moving into newly-constructed houses are paying even more than their neighbours in existing accommodation. For new builds, the nationwide average rent lies at 11,01 euros per square metre.

RELATED STORY VIEW MORE

Dubai Real Estate Sales Climb to AED 326.7 Billion
Britain’s Answer to Monte Carlo – Sandbanks, UK’s Priciest Seaside Town
Hong Kong Retains Title of World’s Most Expensive City for Homebuyers

TOP STORY VIEW MORE

Samruddhi Mahamarg: Catalyst for Economic Transformation

As per Aayush Madhusudan Agrawal, Founder & Director Inspira Realty, the 701 km six-lane expressway is not just a road, but an economic corridor.

04 July, 2025

Malabar Gold & Diamonds Opens its Largest Manufacturing Site In Hyderabad

04 July, 2025

Navi Mumbai Major Milestone: Raheja Universal Rs 1,726 Cr Sales of Solaris Project

04 July, 2025

NEWS LETTER

Subscribe for our news letter


E - PAPER


  • CURRENT MONTH

  • LAST MONTH

Subscribe To Realty+ online




Get connected with us on social networks!
ABOUT REALTY+

Started in 2004, Realty+, an exchange4media group publication is one of the most respected real estate magazines in India with offices in Delhi, Mumbai and Bengaluru.

Useful links

HOME

NEWS ROOM

COVER STORY

INTERVIEWS

DRAWING BOARD

PROJECT WATCH

SPOTLIGHT

BUILDING BLOCKS

BRAND SYNC

VIDEOS

HAPPENINGS

E-MAGAZINE

EVENTS

OTHER LINKS

TERMS AND CONDITIONS

PRIVACY-POLICY

COOKIE-POLICY

GDPR-COMPLIANCE

SITE MAP

REFUND POLICY

Contact

Mediasset Holdings 3'rd Floor, D-40, Sector-2, Noida (Uttar Pradesh), Pincode - 201301

tripti@exchange4media.com
realtyplus@exchange4media.com

+91 98200 10226


Copyright © 2024 Mediasset Holdings.
Rental Mobil bandung,Sewa Mobil Bandung, Rental bandung, Sewa Mobil, Jual Mesin Antrian, Harga Mesin Antrian, Mesin Antrian Murah, Jual KIOSK,Mesin Antri, Berita Terkini, Info Bray,Info Tempat Wisata,Portal Berita,Jasa Website