• Germany's news in English

Is rent in Germany too expensive?

The Local · 16 Oct 2013, 13:22

Published: 16 Oct 2013 13:22 GMT+02:00

Facebook Twitter Google+ reddit

The continuous year-on-year rise in rents may have begun to level off, the Welt newspaper reported on Wednesday.

Rents fell over the period from July to September, not only in cities with shrinking populations, but also in Germany's main cities, according to the IMX housing index study by estate agency portal Immobilienscout24.

“In Munich, Hamburg, Cologne and Frankfurt am Main rents fell by up to 1.8 percent,” Michael Kiefer, head analyst at Immobilienscout24 told the Welt. In the capital, however, rents rose over the same period by 1.42 percent.

It marks the end of years of rent rises for tenants. In 2012, prices jumped in Munich by 6.25 percent, in Hamburg by 5.29 percent and in Stuttgart 4.17 percent.

Berlin – where for a long time after reunification tenants enjoyed disproportionately cheap rent - outstripped all other cities, with a rise of 7.62 percent. Overall, average rent in Berlin has shot up by 35.6 percent since the annual index was launched in March 2007.

Check out The Local's top ten tips for flathunters in Germany here

“The very high rents demanded no longer correspond to the living conditions of many people,” said Kiefer.

Rising rents have prompted many families to vote with their feet and opt for larger, cheaper properties on the outskirts of cities. But some argue that there is no need for politicians to intervene in the housing market to keep rents affordable – it will regulate itself if left alone.

Story continues below…

Have you been affected by exploding rents over the past years? Do you think politicians should intervene in places like Berlin where rents continue to rise? Or should the state leave well alone and let the capital catch up with the rest of the country? Leave your comments below.

The Local/jlb

The Local (news@thelocal.de)

Facebook Twitter Google+ reddit

Your comments about this article

Today's headlines
Creepy clown scare spreads to Germany
Two of the clowns were apparently equipped with chainsaws. Photo: Pedro Pardo / AFP file picture

Police said Friday five incidents involving so-called scary clowns had occurred in two north German town, including one assailant who hit a man with a baseball bat, amid fears that Halloween could spark a rash of similar attacks.

Student fined for spying on women via their webcams
Photo: DPA

Student from Munich fined €1,000 for spying on 32 different computers, using their webcams to take photographs, or record their keyboard history.

This is how much startup geeks earn in Germany
Photo: DPA

A comprehensive new survey of 143 startup founders shows how much you are likely to be earning at a German startup, from entry level all the way up to sitting on the board.

Man dies after beating for peeing near Freiburg church
The Johannes Church in Freiburg. Photo Jörgens Mi/Wikipedia

A middle-aged man from southern Germany has died after being attacked by a group of men who took umbrage with the fact he was urinating in the vicinity of a church.

The Local List
Seven German celebrities with uncanny doppelgängers
Former Berlin mayor Klaus Wowereit and actor Alec Baldwin. Photo: DPA; Gage Skidmore, Wikimedia Commons

Check out these seven look-a-likes of well known German figures - we admit that some are more tenuous than others...

Israel seeks to buy three new German submarines: report
A Dolphin class submarine. Photo: DPA

Israel is seeking to buy three more advanced submarines from Germany at a combined price of €1.2 billion, an Israeli newspaper reported Friday.

Here’s where people live the longest in Germany
Photo: DPA

Germans down south seem to know the secret to a long life.

More Germans identify as LGBT than in rest of Europe
Photo: DPA

The percentage of the German population which identifies as lesbian, gay, bisexual or transgender is higher than anywhere else in Europe, according to a new study.

'Reichsbürger' pair attack police in Saxony-Anhalt
File photo: DPA.

A "Reichsbürger" and his wife attacked police officers on Thursday, just a day after another Reichsbürger fatally shot an officer in Bavaria.

Five things not to miss at the Frankfurt Book Fair
Photo: DPA

From consulting a book doctor to immersing yourself in an author's world with the help of virtual reality, here are five things not to miss at this week's Frankfurt Book Fair, the world's largest publishing event.

Sponsored Article
How to vote absentee from abroad in the US elections
10 things you never knew about socialist East Germany
Sponsored Article
Last chance to vote absentee in the US elections
How Germans fell in love with America's favourite squash
How I ditched London for Berlin and became a published author
Sponsored Article
How to vote absentee from abroad in the US elections
12 clever German idioms that'll make you sound like a pro
23 fascinating facts you never knew about Berlin
9 unmissable events to check out in Germany this October
10 things you never knew about German reunification
10 things you're sure to notice after an Oktoberfest visit
Germany's 10 most Instagram-able places
15 pics that prove Germany is absolutely enchanting in autumn
10 German films you have to watch before you die
6 things about Munich that’ll stay with you forever
10 pieces of German slang you'll never learn in class
Ouch! Naked swimmer hospitalized after angler hooks his penis
Six reasons why Berlin is now known as 'the failed city'
15 tell-tale signs you’ll never quite master German
7 American habits that make Germans very, very uncomfortable
Story of a fugitive cow who outwitted police for weeks before capture
Eleven famous Germans with surnames that'll make your sides split
The best ways to get a visa as an American in Germany
jobs available
Toytown Germany
Germany's English-speaking crowd