Real Estate: These are the ten German cities with the highest apartment prices and rents
Existing apartments have become more expensive in the third quarter than new buildings. Exclusive data from Germany's 400 districts shows where housing has become more expensive and where it has become cheaper.
Germany is experiencing a housing shortage and rising property prices, with experts warning of the consequences of increasing interest rates. According to a new index from Empirica Regio, new-build rents rose by 3.8% and existing rents by 10.2% compared to the same quarter last year. The average price of a new-build apartment in Germany is €5,230 per square meter, with the highest prices found in the Munich area.
The strongest increase in new-build prices was recorded in Starnberg, with a 7.8% rise, while some regions, such as the Landkreis Sömmerda, saw a 40% decrease in new-build prices.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
