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The Munich housing market: rising rents and high demand according to financial experts
According to a report from www.augsburger- Allgemeine.de, rents in Munich continue to rise due to the housing shortage. According to a market analysis by the German Real Estate Association (IVD), prices for new rentals have increased by 4.3 to 6.9 percent compared to spring. The rent index for Munich shows an increase in the local comparative rent of 21 percent compared to the previous year, which is the highest increase in the last 20 years. This development on the Munich real estate market has a significant impact on tenants and the real estate industry. Rising rents are making it difficult for many people to find adequate housing. Even high earners are having increasing difficulty finding affordable housing in the city. This …
The Munich housing market: rising rents and high demand according to financial experts
According to a report from www.augsburger- Allgemeine.de, rents in Munich continue to rise due to the housing shortage. According to a market analysis by the German Real Estate Association (IVD), prices for new rentals have increased by 4.3 to 6.9 percent compared to spring. The rent index for Munich shows an increase in the local comparative rent of 21 percent compared to the previous year, which is the highest increase in the last 20 years.
This development on the Munich real estate market has a significant impact on tenants and the real estate industry. Rising rents are making it difficult for many people to find adequate housing. Even high earners are having increasing difficulty finding affordable housing in the city. This means that people are forced to live in the outskirts or even outside of Munich and have to accept long commute times.
The rising rents also have an impact on real estate prices in Munich. The high demand for living space means that the prices for properties for sale also continue to rise. Investors see Munich as a lucrative opportunity to invest in real estate and benefit from the high demand.
For the real estate industry in Munich, this means that the market will continue to flourish. Project developers, construction companies and real estate agents have high demand for residential and commercial properties. This leads to increased construction activity in the city and an increasing number of construction projects.
The effects of rising rents in Munich are diverse. They lead to a shortage of housing, rising property prices and high demand for new construction projects. This is a major challenge for tenants and the real estate industry in Munich, the solution to which requires increased construction activity and targeted support for affordable housing.
Source: According to a report from www.augsburger- Allgemeine.de
Read the source article at www.augsburger- Allgemeine.de