Between 2015 and 2021, wages rose faster than rents on average across Germany. This is according to the study on the "Affordability of Rents" by the Haus und Grund association. According to the study, the median wages of full-time employees subject to social security contributions rose by 14.2% to €3,525 during the period in question. In the same period, existing rents rose by 7.3 percent to 7.32...
The asking prices for new-build and renovated older properties in Germany remain at a constant level. This is according to figures published by immobilienscout24.de. Prospective buyers currently have to pay an average of around EUR 5,200 per square meter for a renovated older property built between 1900 and 1949. For newer properties that were built in 2014 or later, the...
What does the future hold for city centers? This question is explored by several experts in the "cima.monitor Germany City Center Study 2022". One of the findings is that a significant proportion of people will no longer return to city centers for shopping under current conditions. According to the study, small towns are particularly affected by this development...
Banks are becoming more cautious when granting loans to house builders. This development is predicted by the auditing and consulting organization EY based on a recent analysis. "The tide has turned on the real estate market: The sharp rise in interest rates is curbing demand for real estate loans, and properties whose prices are set to rise by 35 percent between Q1 2019 and mid-2022 appear...
Wolfsburg, Ulm and Heidelberg are considered the most sustainable cities in Germany. This is according to a sustainability index compiled by the Cologne Institute for Economic Research (IW) on behalf of ImmoScout24 and Wirtschaftswoche. The index analyzed the economic, ecological and social sustainability of over 70 independent cities in Germany. Various factors were taken into...
Price slumps of up to ten percent for condominiums and owner-occupied homes in Germany - this is the trend predicted by study author Konstantin A. Kholodilin from the Macroeconomics Department of the German Institute for Economic Research (DIW Berlin). Together with his colleague Malte Rieth, he examined the development of rental and purchase prices in 97 German cities. From the...
Ancillary housing costs in North Rhine-Westphalia (NRW) have recently risen by an unusually high 9.7%. Net rents have also risen by 1.7 percent. Overall, housing costs have risen by 5 percent as a result. Tenants in NRW now have to pay an average of €13.15 per square meter per month for housing - of which €7.68 is for rent and €5.46 for...
In 2020, Germans generated around 31 kilograms of self-compostable waste per capita. This is according to estimates carried out by the Federal Statistical Office for the first time. Excluding biowaste from agriculture or the manufacturing industry, the total volume of biowaste from the municipal sector amounted to 14.4 million tons in 2020. In addition to the self-composted...
The Urban Land Institute (ULI) and JLL provide information about co-living in a best practice guide. Co-living involves people living together in a property for a period of time, usually in a city. There are many reasons for this: too expensive living space, being alone or the desire for greater energy efficiency lead to co-living. Co-living is aimed, for example, at...
Buying a property is becoming increasingly difficult for many potential buyers. At least that is what the Immowelt Group assumes due to the key interest rate hike by the European Central Bank (ECB) and the associated expected increase in building interest rates. For example, if a family wanted to buy a house in Stuttgart, they would only be able to take out a loan of 322,000 euros in the third quarter of 2022 in order to...
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