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Rental prices are rising sharply: 5 reasons for the construction crisis - opinions of a financial expert
According to a report from www.focus.de, rent in Germany is rising due to high demand and fewer offers, especially in big cities like Berlin. The reasons for the increase are manifold: the extensive halt in new construction projects due to increased construction costs and cancellations in the construction industry, the need for renovations due to climate goals, the high demand for apartments in metropolitan areas and the increased price of house purchases. Despite low inflation, rents are rising faster than general price increases. This could lead to a worsening of the situation if rent increases follow the long-term trend. The following effects on the real estate market are possible: Increase in the value of existing apartments due to low...
Rental prices are rising sharply: 5 reasons for the construction crisis - opinions of a financial expert
According to a report from www.focus.de, rent in Germany is rising due to high demand and fewer offers, especially in big cities like Berlin. The reasons for the increase are manifold: the extensive halt in new construction projects due to increased construction costs and cancellations in the construction industry, the need for renovations due to climate goals, the high demand for apartments in metropolitan areas and the increased price of house purchases. Despite low inflation, rents are rising faster than general price increases. This could lead to a worsening of the situation if rent increases follow the long-term trend. The following effects on the real estate market are possible:
- Wertsteigerung bestehender Wohnungen aufgrund von geringer Neubautätigkeit
- Erhöhte Kosten für Mieter aufgrund notwendiger Sanierungen
- Anstieg der Mietpreise in Großstädten aufgrund hoher Nachfrage
- Verteuerung von Hauskäufen und potenzielle steigende Mieten
The entire industry could be facing profound changes that affect tenants and owners alike.
Read the source article at www.focus.de