Asking rents in the capital have risen particularly sharply over the past five years.
(Photo: dpa)
Dusseldorf The situation on the housing market in major German cities is becoming increasingly tense. As an analysis by the real estate portal Immowelt shows, the asking rents in the country’s largest cities have risen significantly in recent years.
In twelve of the 14 largest cities in Germany, rents have increased by at least ten percent since 2018. The increase has been particularly strong in the past two years. In the analysis, the company compared the square meter prices of existing apartments (80 square meters, 3 rooms, 2nd floor) offered on immowelt.de in March 2018 and 2023.
The biggest increase was in Berlin with an average increase of 34 percent. They are followed by Leipzig (24 percent), Bremen and Cologne (21 percent each). The lowest increases were in Dortmund with six percent and in Stuttgart with no change in the past five years. The inflation rate was 19 percent over the same period.
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