The district of Dachau is an expensive place.
A current study now says that it is cheaper to rent a property here than to rent it.
Dachau - It has long been known that the Dachau district is an expensive place to live.
However, the fact that it is particularly expensive to buy an apartment in Dachau instead of renting it is shown in a current study by the Hamburg World Economic Institute (HWWI), which was carried out on behalf of Postbank.
The experts assume that housing should not cost more than 30 percent of the disposable household income. In the Dachau district, however, it is 34.5 percent of disposable income that an average household has to spend on ongoing loan financing for an existing 70 square meter apartment. If, on the other hand, an average household rents such an apartment, statistically it only has to spend 17.8 percent of its disposable income, according to the HWWI. The data shows that buying in the Dachau district is almost 17 percentage points more expensive than renting.
The researchers assume that an average household in the Dachau district had an income of 60,714 euros per year in 2020.
This is a very high value compared to other counties and urban districts.
In the city of Munich, an average household had to make do with 57 598 euros in 2020, in Berlin it was only 37 924 euros.
While in Berlin an apartment costs an average of only 4,973 euros per square meter, in Dachau it is 5,802 euros per square meter, and in the city of Munich it is even 8,613 euros.
As the rental price - the net rent excluding heating - the researchers set a square meter price of 12.89 euros for Dachau, 10.45 euros for Berlin and 18.62 euros for Munich.
The HWWI model calculation shows that the financial burdens in 2020 have increased compared to the previous year. On average across all rural districts and urban districts, citizens had to raise 14.2 percent (previous year 13.4 percent) of the regionally available household income for rent and 19.6 percent (previous year 17.0 percent) to finance a condominium. “Anyone who decides to buy has to accept higher monthly income burdens than in the past. We are particularly observing this development in metropolitan areas, ”says Eva Grunwald, Head of Real Estate at Postbank.
In the model calculation, the respective income share was calculated on the basis of the average regionally available household income for the net rent or for the loan installments for a 70 square meter apartment.
An interest rate of 2.45 percent, an initial repayment of four percent and 20 percent equity were used as the basis for financing a property.
Additional costs for real estate transfer tax, notary or renovations were not taken into account in the investigation.
In principle, the housing markets of the 401 German rural districts and urban districts were examined.
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Bernhard Hirsch
