Housing is becoming more and more expensive: rents are increasing by an average of one euro per square meter

Created: 05/12/2022, 11:38 am

By: Sabina Brosch

Rents in Garching are rising.

© Patricia Kania

In Garching, too, life is becoming more and more expensive.

On average, the rent costs one euro more per square meter.

Garching

– Demand determines the price.

Also when living, which the new Garching rent index proves.

Rents in the university town are increasing by one euro on average and are now at 13.14 euros per square meter.

As four years ago, the Garching-based company supplied the necessary data.

7,300 households and individuals were written to, and 602 data sets were evaluated.

The smaller the apartment, the higher the square meter price.

Below 25 square meters, however, the statements are just as missing as above 150 square meters.

However, it is precisely the small apartments that “the students live in”, criticized Felicia Kocher (Green Party).

"It's a pity that the data is missing here." However, since at least 30 responses are required in order to be able to make a qualifying statement, "I assume that we simply didn't have them," says Bernhard Schmidt from the EMA Institute commissioned with market analysis.

So far, an answer is voluntary, this will change on July 1 of this year.

"Nobody checks whether that's really true"

However, even then the data is still not verified.

One is one is still in the realm of good faith.

"Nobody checks whether that's really true," complained Albert Biersacks (CSU).

In principle, tenants can check announced rent increases on the basis of the rent index, and landlords can use its data to determine the local comparative rent.

The current rent index is a qualified rent index, which means that it ensures clear relationships between tenants and landlords, especially if a legal dispute should arise.

You also save yourself a time-consuming and expensive expert report in the event of a legal dispute.

The average rental price includes surcharges and deductions for age, equipment,

An example calculation for a 70 square meter, almost 40-year-old apartment with a bathroom and parquet floors in a multi-storey building: In 2016, the local comparative rent for the apartment was 615 euros (9.57 euros/m²), in 2018 it was 696.70 (11.31 euros/m²) in 2020 at 718.87 euros (12.05 euros/m²) and now at 805.80 euros (12.65 euros/m²).

"This is also due to the fact that the weighting of surcharges and deductions has changed," explained Bernhard Schmidt from the EMA Institute.

Parquet floors “only” bring an increase of 6 percent (2020: 9 percent), and a noisy residential complex on a busy main street does not weigh as heavily as a subway station 1,200 meters away on foot.

More news from Garching and the district of Munich can be found here.