Rising additional costs: How you can avoid the financial shock - tips from the financial expert

Rising additional costs: How you can avoid the financial shock - tips from the financial expert

According to a report by www.merkur.de,

The additional additional costs for 2022 could be higher than expected for many households this year. This is mainly due to extremely high energy prices, especially for gas heating. According to the consumer advice center, many people are concerned about the financial burden caused by price inflation, which also affects food and consumer goods. In addition, around half of all utility bills are incorrect, as reported by the German Tenants' Association.

As an expert in the real estate market, I can confirm that rising energy prices and inflation will have a direct impact on the financial situation of many households. The increased additional additional costs could lead to an additional burden for tenants, which could have an impact on their consumer behavior as well as on the demand for rental apartments.

The rising costs of energy and food as well as higher additional costs could mean that tenants have less money for other expenses, which could have a negative impact on consumption. This could in turn have an impact on the economy and therefore also on the real estate market.

There is also a risk that incorrect utility bills will lead to disputes between tenants and landlords, which could lead to a deterioration in the tenancy agreement and potential fluctuation in the housing market.

It is therefore important that tenants and landlords are aware of how current developments can affect the financial situation and look for solutions together to avoid the situation becoming worse.