“Looking for an apartment” is written on the note on a lantern in Berlin. Despite falling real estate prices, tenants have not felt any relief in prices so far.
(Photo: dpa)
Frankfurt A lobby with a lounge on the ground floor, a safe in the room and a fully equipped kitchenette: the 73 square meters large apartment on Berlin’s Hermannstraße, for which a new tenant was advertised until recently, offers a lot of comfort. But that has its price: the basic rent is 9,534 euros.
Tenants who had hoped that the trend reversal on the real estate market would also lead to a reduction in prices for new rental apartments have so far been disappointed. The years of boom in the real estate market have come to an end for the time being, and purchase prices have generally been falling for a few months. But rental prices continue to point strictly in the other direction. In many large cities in particular, there are double-digit growth rates in the rental price segment.
What’s behind it? And where will rents go in the coming months? Experts interviewed by the Handelsblatt analyze what is moving the market and how the trend in the real estate sector will develop.
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