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Most expensive city even more expensive: rents in Munich are rising “almost unstoppably”

2022-11-29T11:45:54.529Z


Most expensive city even more expensive: rents in Munich are rising “almost unstoppably” Created: 11/29/2022, 12:34 p.m By: Felix Herz People have been feeling it for years, and the numbers now prove it: rents in Munich are rising and rising. An investigation shows that. Munich – At the thought of rents in Munich, the residents of the Bavarian capital have groaned for decades. But in recent ye


Most expensive city even more expensive: rents in Munich are rising “almost unstoppably”

Created: 11/29/2022, 12:34 p.m

By: Felix Herz

People have been feeling it for years, and the numbers now prove it: rents in Munich are rising and rising.

An investigation shows that.

Munich – At the thought of rents in Munich, the residents of the Bavarian capital have groaned for decades.

But in recent years, the groaning has often turned into a long-suffering moaning up to a desperate cry.

The rents, which were already high anyway, continued to rise – by a double-digit percentage in the last few years alone.

Rents in Munich are becoming more and more expensive: a comparison shows a high increase

The real estate portal

immowelt.de

compared the rental prices in Munich from 2017 with those from this year.

For this purpose, asking rents for apartments (40 to 120 square meters, existing buildings without new construction) in the period from January to October were compared in both reference years.

The result: "Rents in major German cities have been rising almost unstoppably for years." In the most expensive city of Munich by 17 percent, per square meter in the state capital you now pay 18.70 euros instead of 16 euros.

Rents in Munich are rising and rising - a comparison with 2017 now shows how much it has gone up over the past five years.

© Christian Offenberg / IMAGO / Mercury collage

This means that the most expensive city in Germany even has a large lead over the second most expensive city of Stuttgart.

According to

immowelt.de

, you pay 13.90 euros per square meter here.

A development that causes deep worry lines for many people.

(Our Munich newsletter regularly informs you about all the important stories from the Isar metropolis. Register here.)

Rents in Munich are rising by 17 percent: there are many reasons

There are various reasons for the sharp increase in rental prices in Munich.

A basic problem: the demand for living space remains high, but the supply remains low.

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According to

immowelt.de

, there was also the “rise in building interest rates and the resulting shift in demand towards the rental market” as well as inflation and the influx of refugees from Ukraine.

(fhz)

You can find more current news from Munich and the region at

tz.de/muenchen.

Source: merkur

All news articles on 2022-11-29

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