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Housing Market: Germany: Difference between revisions
→Forecasts
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'''2024''' | '''2024''' | ||
BNP Paribas: | BNP Paribas: The already tight situation on Berlin’s rental housing market has become even tighter. While refugees from Ukraine are creating significant additional demand as they are increasingly looking for housing, fewer units are being completed. This significant excess demand is reflected in the sharp 50 bps decline in the city’s vacancy rate from an already low level to a current 0.3%. | ||
In light of the fact that Berlin remains highly attractive combined with the significantly intensifying housing shortage and the drop in the number of completions, we can expect rent prices to continue their steep rise short to medium term. Condominium purchase prices are expected to stabilise in 2024.<ref>https://www.realestate.bnpparibas.de/sites/default/files/document/2024-03/bnppre-institutional-report-germany-2024.pdf</ref> | |||
== References == | == References == | ||