German rental costs are skyrocketing, according to the latest report
In a recent analysis by Spiegel, it was found that rents have increased significantly in various parts of Germany, with particular focus on Munich and its surrounding districts.
According to the 2024 census evaluation, the average rent in Munich was lower than in the current year. However, when looking at the period from the beginning of 2022, rents in Munich have seen a substantial increase of 15.15%. This places Munich as one of the German cities with the highest rents, typically ranking first, followed by Frankfurt and Stuttgart.
Fürstenfeldbruck, another district near Munich, is in fourth place with an average rent of 16.47 euros per square meter and a 16.56% increase since the beginning of 2022. Starnberg, another nearby district, is in third place with an average rent of 16.87 euros per square meter and a 16.99% increase. The Munich district itself holds the second-highest rents, with an increase of 13.13% to 17.92 euros per square meter since the beginning of 2022.
While specific 2022 rent rankings from Spiegel are not available in the search results, other reputable sources generally identify Munich, Frankfurt, Stuttgart, Hamburg, and Berlin as among the German cities with the highest rents in recent years. Berlin, for instance, has an average rent of 14.90 euros per square meter.
Elsewhere in Germany, districts like Tirschenreuth (Bavaria) and Brandenburg an der Havel have seen substantial rent increases of 32.3% and 33.2% respectively. Kaiserslautern district and Cottbus have also experienced significant increases of 41.7% and 41.3% respectively.
Empirica, a source that provides data on offer rents in Germany, has not yet released specific 2022 data. However, their findings align with the trend of rising rents in major German cities, with an overall increase of almost 20% since the beginning of 2022.
As the housing market continues to evolve, it's crucial to stay informed about rent trends across German cities. For the most precise and Spiegel-specific 2022 rent rankings, please access the original article or let us know if you'd like us to summarize from other reputable sources.
- Given the rising average rents in Munich and other surrounding districts, such as Fürstenfeldbruck and Starnberg, individuals looking for investment opportunities in real-estate may find that the finance sector in these areas could offer promising returns.
- Given the significant increases in rents across various German districts, including Munich, investors might want to focus on alternative cities with lower rents, like Tirschenreuth or Brandenburg an der Havel, where the rise in rent prices is not as drastic, to secure lucrative financial gains in the real-estate market.
