The ten most expensive cities in Germany
The Local · 20 Nov 2015, 15:39
Published: 20 Nov 2015 15:39 GMT+01:00
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A new study conducting by online estate agent Immobilien Scout shows which are the least affordable cities in the Bundesrepublik (Federal Republic).
Residents of these cities are paying on average between 20 and 30 percent of their incomes in rent. But in the most sought-after neighbourhoods this proportion often rises above 40 percent.
Gallery: Germany's ten most expensive cities
"Lower the rent!" Photo: DPA
This is nothing compared to England where tenants give up half of their salary to pay their rents.
Nonetheless, in the most sought-after cities in Germany rent is rising as a proportion of income, leaving people with less money to enjoy the things that brought them to the town in the first place.
Mind you for those who have chosen to leave London to live in Germany's capital there will be comfort to know that while in the British capital they were paying an average of 72 percent of their salary in rent, in Berlin that proportion is still far, far lower.
The calculations were all 'cold rent' rent without bills as a percentage of after-tax income.