Hamburg rental market: high demand in good locations, stagnation on the outskirts

Hamburg rental market: high demand in good locations, stagnation on the outskirts

According to a report from www.welt.de, there is a high demand for rental apartments in good and desirable districts in Hamburg, while there is stagnation in peripheral areas. The main demand is in good and desirable districts, while simple and outer district locations see little to no demand. The marketing period in sought-after districts and very good locations is typically three weeks, while in simpler locations it often takes three to six weeks or longer until new tenants are found.

In addition, the survey shows that medium-sized apartments with around 70 square meters and three rooms are particularly sought after, while large apartments are currently less in demand. This is attributed to the increased heating and additional costs. Two thirds of those surveyed expect that market activity on the rental housing market will be stable and consistent this year.

This data shows that the real estate market in Hamburg continues to be heavily influenced by location and costs, especially when it comes to rental apartments. Rising rental prices and energy costs have a direct impact on demand for apartments and could lead to large apartments being less in demand. Real estate companies should therefore adapt their offering strategies depending on the location and size of the apartments in order to meet changing market requirements.