The pressure on the rental market is currently increasing in many German cities.
(Photo: dpa)
Frankfurt The German residential real estate market is currently characterized by two opposing trends: at the end of 2022, purchase prices fell for the first time in twelve years. However, rents have continued to rise recently.
The reasons for both developments are the sharp rise in lending rates and the general mood of crisis. Higher interest rates make financing more expensive for buyers, while high inflation prompts landlords to raise rents. This creates an extremely insecure situation for those looking for an apartment.
It is now becoming apparent that the biggest slide in purchase prices has come to an end for the time being. As new data published by the major German real estate portals on Thursday shows, the situation for sellers in the largest German cities is easing.
However, the new data also show that rents are continuing to rise in the same cities – sometimes dramatically. Which cities are particularly affected and what apartment seekers and real estate sellers should be prepared for now.
Real estate market: This is the situation for tenants
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