The continuing increase in rents is coming to an end, according to an opinion of Central Real Estate Committee (Zia). "We could 2018 to point where supply and demand are growing at roughly same pace," said co-author Harald Simons. In some major cities, housing prices could even fall in next four years; In Berlin, Munich and Stuttgart by up to 30 percent. But no großenKorrekturen are to be expected nationwide. The Zia panel is made up of industry experts.
The reason for turnaround could refore be declining demand for flats in large cities. For many younger apartment seekers y have become too expensive. They refore move to smaller cities such as Passau, Bamberg, Fürth and Ingolstadt. In east, Leipzig, Cottbus and Rostock are particularly popular. In addition, fewer refugees and EU citizens prefer to Germany. At same time, more flats would be built.
Last but not least, prices have risen: according to this, average rental price in year 2017 was at 7.46 euros per square metre after 7.15 euros per square metre in year before. The purchase prices for condominiums from stock increased in federal cut from 1,970 euros per square metre in year 2016 to 2,120 euros per square metre in year 2017.
The authors also expect relaxation in case of buying apartments. The real estate prices in Munich, Berlin and possibly also Stuttgart could, according to opinion, fall by a quarter to a third in next five years. In Hamburg, Frankfurt, Cologne and Düsseldorf signals are not yet re, "but a future abating is also possible here".
"Trend reversal in housing market"Barbara Hendricks (SPD), Federal Minister for Environment, nature conservation, construction and reactor safety, sees in Zia opinion a proof of a successful policy. "We have initiated a much-needed reversal of trend in housing market," said Hendricks. She remitted about a million new apartments in LetztenLegislaturperiode. This offensive must go on in a new edition of Grand coalition, should it come to Government alliance.
The Tenants ' association contradicts positive presentation. From his point of view re are no signs of a calming of rental prices. "The spiral of rental prices is spinning furr and faster," said federal director Lukas Siebenkotten. Instead of required 400,000 new flats per year 2016 only about 280,000 and 2017 about 300,000 flats were completed. Therefore, more social housing and an effective rental price brake are necessary.
Date Of Update: 21 February 2018, 12:03
