The housing market in Munich is overheated.
Rents are high and apartments tight.
The city has set high goals for housing construction in 2020, too high?
The first balance.
Munich - 8,289 apartments were built in
Munich *
last year
- despite
Corona
.
The state capital even reports a
record year
.
The value also means not only an increase of 16 percent compared to 2019. In well over
30 previous years, never before have so many
new apartments been completed in one year in Munich.
Only in 2006 was there a higher value due to late registrations.
Apartments in Munich - City wanted to achieve even more
Mayor Dieter Reiter
(SPD) announced on Tuesday: “Under the difficult framework conditions during the Corona crisis, we succeeded in further increasing the number of residential buildings.
That is definitely positive news. ”However, the city is still behind the
targets it has set itself
, because the city council had
specified
8,500 apartments
.
Apartments in Munich: what is behind the record?
The success of the previous year is largely based on the
increase in building permits
: 81 percent of the apartments built in 2020 were initiated by the local building commission through building permit procedures from 2017 onwards.
This strong trend was "further stabilized by the licensing authority" in 2020, they say.
The
building permit
balance amounts to
a total of 11,528 newly approved units
.
This was an increase of 5.5 percent compared to 2019 and for the fourth year in a row an annual balance sheet with a five-digit figure was achieved.
Corona in Munich: A little break for the housing market
As a result of the corona pandemic *, Munich recorded only a very
small population increase
of
0.16 percent
compared to 2019,
in contrast to the previous high-growth years.
With slight migration
losses
and a birth surplus, the state capital only grew by around 2,500 inhabitants by the end of 2020.
For the housing market, however, this means little more than a
short break
, they say.
"The low population growth by no means automatically leads to relaxation."
Munich is bursting at the seams
Munich grows and grows and grows.
Especially with regard to the number of inhabitants.
This brings with it new challenges that should be tackled now.
Investments even in times of crisis -
this is the motto of the SPD.
The
city council group wants to spend 100 million euros to set accents for the traffic turnaround and in housing construction *.
