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Housing Market: Germany: Difference between revisions
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According to Colliers, in the A cities, the asking rents for existing apartments rose by around eight percent, and in the new building segment by more than nine percent - if you look at Germany as a whole, new rental rents for existing apartments rose by five percent and new building rents by seven percent.<ref>https://www.haufe.de/immobilien/entwicklung-vermarktung/marktanalysen/wohninvestmentmarkt-wenig-portfolio-deals_84324_392508.html</ref> | According to Colliers, in the A cities, the asking rents for existing apartments rose by around eight percent, and in the new building segment by more than nine percent - if you look at Germany as a whole, new rental rents for existing apartments rose by five percent and new building rents by seven percent.<ref>https://www.haufe.de/immobilien/entwicklung-vermarktung/marktanalysen/wohninvestmentmarkt-wenig-portfolio-deals_84324_392508.html</ref> | ||
==== Forecast ==== | '''BNP Paribas''' | ||
'''2023''' | |||
High pressure from demand, which was further exacerbated by the impact of Ukrainian refugees, the shift in demand away from the condominium market and insufficient new-build construction caused rents to rise. | |||
* While asking rents for existing properties in student cities as well as in large and medium-sized cities rose +4% compared to 2022, rental growth in Germany’s A-cities was even more dynamic with a median rent increase of +7%. | |||
* A-cities led the pack with a median asking rent of €15.15 per sqm. The gap to the other city categories remained in the typical range. | |||
==== <big>Forecast</big> ==== | |||
'''Colliers:''' | '''Colliers:''' | ||