Housing market in the Ravensburg district: Rental and property prices are rising - effects and causes explained by experts

Housing market in the Ravensburg district: Rental and property prices are rising - effects and causes explained by experts

According to a report from www.schwaebische.de, finding accommodation in the Ravensburg district is a real challenge. Data from the Pestel Institute shows that rental prices per square meter are between five and 14 euros, with new buildings being more expensive on average. According to the real estate portal Immowelt, the average rental price in Ravensburg in 2021 was around eleven euros per square meter.

Demand in the rental market is increasing, leading to rising rental prices. High inflation is also causing landlords to increase costs. In contrast, the condo market is subdued, making sellers willing to discount prices. The prices for condominiums in the Ravensburg district have fallen by 15 to 25 percent in the last year and a half.

When it comes to building houses, data from the Pestel Institute shows that hardly anyone is currently deciding to build a house. The increased interest, material and construction costs represent a financial challenge. In addition, two bankruptcies in the construction industry in Ravensburg were announced, which can be attributed to the increased material prices.

According to the Pestel Institute, it is necessary for politicians to provide clear guidelines and reduce uncertainty regarding the construction and maintenance of a home. In addition, lower interest rates, rising wages and support for social housing would have to be implemented in order to relax the housing market. Overall, this data reflects the challenges that the real estate market in the Ravensburg district is currently facing.