Apartment rents are also likely to increase further in the German capital.
(Photo: IMAGO/Jürgen Held)
Frankfurt The rise in residential rents in Germany has accelerated again after a phase of relatively moderate growth. According to data from the German Economic Institute (IW), in the third quarter asking rents rose sharply on average by 5.8 percent compared to the same quarter of the previous year. That was more than the average for the third quarter of the past three years (plus 4.5 percent). In all federal states, growth exceeded the medium-term trend.
“It shows that the momentum is increasing,” said IW real estate expert Michael Voigtländer. People were increasingly looking for rental housing, while some landlords were renting more, apparently because of high inflation Rent start. In addition, there are catch-up effects in rural regions that still offer comparatively cheap housing.
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