2024-07-09 19:59:21
Real Estate
Economy

Rental Market Surge Beyond Big Cities in Germany

The demand for rental apartments in Germany has notably increased, extending beyond major cities to smaller urban areas. This trend is resulting in higher rents, particularly for new constructions, while real estate purchase prices have slightly decreased.

The revival of the real estate market is evident, with a surge in inquiries for single-family homes and financing options. Despite stable asking prices for condominiums, existing apartments are around 1.1% cheaper nationwide, with new apartments averaging 2.1% lower.

Analysts caution about potential challenges in the rental property sector due to rising financial distress in certain regions.

The press radar on this topic:

n-tv.de Wirtschaft
9. Juli 2024 um 13:59

No longer just in big cities: Study: Demand for rental apartments rises significantly - n-tv.de

Finance
Economy
The demand for rental apartments in Germany has risen significantly, not only in big cities, but also in smaller cities and their surrounding areas. This is leading to higher rents, especially for new buildings. At the same time, the prices for real estate purchases have decreased slightly, as there are fewer new construction projects and these are increasingly being built on the outskirts of cities. Overall, there is a revival of the real estate market, with increasing demand for single-family homes and growing inquiries for contact and financing.
n-tv.de Wirtschaft
9. Juli 2024 um 13:59

No longer just in big cities: Study: Rental market demand reaches record high - n-tv.de

Finance
Economy
The demand for rental apartments in Germany has increased significantly, especially outside of major cities. This is leading to higher rents, especially for new construction. At the same time, prices for real estate purchases have declined slightly, as there are fewer new construction projects and these are increasingly being built on the outskirts of cities. Overall, there is a revival of the real estate market, with increasing demand for single-family homes and growing inquiries about contacts and financing.
Spiegel Wirtschaft
9. Juli 2024 um 13:37

Real Estate in Germany: Homebuyer Prospects Increasingly on the Hunt - DER SPIEGEL

Finance
Economy
The real estate market in Germany is showing signs of recovery. The number of potential buyers who are looking around the market is growing, even though this is not yet reflected in concrete signed contracts or a noticeable increase in approved loans. The asking prices for condominiums have largely remained stable, but existing apartments are around 1.1 percent cheaper nationwide and new apartments are even on average 2.1 percent cheaper. Nevertheless, experts see signs of a revival of the market, especially in major cities like Berlin, where demand has risen significantly.
New York Times - Business
9. Juli 2024 um 16:19

Apartments Could Be the Next Real Estate Business to Struggle

Finance
Economy
Rents for apartment buildings have surged due to housing shortages and inflation, but a growing number of rental properties, especially in the South and Southwest, are facing financial distress. Analysts fear that up to 20 percent of all loans on apartment properties could be at risk of default, as rents have started to fall and interest rates have increased.
CW

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