Housing market: Increase in housing rents has accelerated
The Kiel Institute continuously investigates how supply rents develop, among other things, in the 30 most populous cities. Currently, existing apartments are in high demand.
The Kiel Institute for the World Economy reports that rental prices for offered apartments in Germany rose by 1.2% in the third quarter compared to the previous quarter. This is the largest increase since the first quarter of last year. Berlin and Düsseldorf saw the largest increases among the eight largest German cities, with rents rising by 2.1% and 2% respectively. Compared to the same period last year, rents are 3.7% higher, with Hamburg experiencing the largest annual increase at 6.7%.
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.
