New rent index in Mülheim 2024: What effects does the increase in rents have according to the financial expert?

New rent index in Mülheim 2024: What effects does the increase in rents have according to the financial expert?

According to a report by www.waz.de, the new rent index for Mülheim provides information about the development of rents in the city. The average net rent per square meter rose from 6.38 euros to 6.84 euros, which corresponds to an increase of 7.2 percent. This increase is considered comparatively moderate, as it averages 1.76 percent per year over the last four years. The rent index is viewed as a reliable reflection of rents in Mülheim and serves as a reference point for both tenants and landlords.

The increase in rents in Mülheim is a clear signal for the real estate industry. With an increase of 7.2 percent, it shows that the demand for living space in the city remains high. This could lead to increased construction activity to increase the supply of housing and slow price increases. At the same time, landlords can now justify rent increases based on the rent index, which could lead to an additional source of income.

The moderate rate of increase in rents compared to other German cities could also make Mülheim more attractive for investors. The city could become more important as rental prices increase even more moderately compared to cities such as Dortmund, Frankfurt and Berlin.

Overall, the new rent index for Mülheim shows that the development of rents in the city is moderate and the market environment remains attractive for investments. Interested parties still have the opportunity to download the rent index free of charge at mietspiegel.muelheim-ruhr.de and check the market conditions.