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Housing market: where students have to pay a lot of rent

2019-09-25T08:04:36.498Z


Living becomes more expensive - also for students. An evaluation shows where young people in Germany have the biggest problems finding cheap rooms.



Rents in Germany's university cities have risen to a record level - but there are big differences depending on the location. This is shown by the Student Housing Report 2019, published by the Institute of German Business (IW) on Wednesday together with the financial consulting firm MLP. 30 university locations were compared for it.

The result: Rents in Frankfurt am Main, Darmstadt, Berlin, Constance and Munich rose particularly sharply in the past year - there were increases of six percent or more. Overall, the situation on the housing market has worsened, especially in large cities.

According to the study, the size of student housing shortages also depends on how many dormitories in a city are available. Especially few of them are in Hamburg, Berlin and Bremen . There, less than six percent of students can move into a dormitory.

The IW had included in the evaluation small apartments with simple and medium equipment and shared rooms in the vicinity of universities and colleges. Ads were analyzed on the platforms Immobilienscout24 and wg-suche.de.

The experts also compared the warm rents of so-called model homes in various cities: 30 square meters in size, 1.5 kilometers from the university, built in 1995, similar equipment.

Cities with the most expensive model homes:

  • Munich: 717 euros
  • Stuttgart: 542 euros
  • Frankfurt: 505 euros
  • Cologne: 459 euros
  • Tübingen: 459 euros

Cities with the cheapest sample apartments:

  • Magdeburg: 251 euros
  • Leipzig: 278 euros
  • Bochum: 287 euros
  • Greifswald: 291 euros
  • Dresden: 302 euros

"Not only students looking for small apartments in good locations, but also young workers, commuters and senior citizens, so the price pressure in this segment is particularly high," says Michael Voigtländer, real estate expert at the IW.

Rents have risen, income has stagnated

While rents rose, student net income stagnated on average in recent years, according to the authors. It is currently at 900 euros per month. Accordingly, only the highest income quarter of the student households was able to financially offset the rent increases since 2010 in 26 of the 30 university locations studied.

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"The increase in student education is to be considered positive for the students, but is not enough to compensate for the increase in housing costs in the majority of the cities surveyed," the report says. The student loan was increased on 1 August. The housing allowance for students who do not live with their parents rose from 250 to 325 euros.

For the study, the real estate experts have calculated how many square feet of living space a student could rent with these 325 euros. Here, too, showed the strong differences between the different university cities. The increase in the supplement to the student loan is indeed "a real step, but will only improve the situation of many students marginally," says the report.

In fact, according to the data, students can only afford a 30-square-meter apartment for the 325 euros in seven of the 30 cities studied. At all other university locations, the housing supplement is not enough.

Source: spiegel

All news articles on 2019-09-25

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