Rents for unfurnished rooms in shared flats (WG) in German university cities are reaching new heights. On average, students had to pay 485 euros per month for these. The rent in university cities in the summer semester of 2024 is therefore 26 percent higher than the price level in the summer semester of 2019, which corresponds to an annual increase of 4.7 percent. Particularly striking is...
Prices for vacation properties in Mallorca remain stable. This is according to the study "Holiday property market in Mallorca 2024". According to the study, the average price has risen by around 1.7 percent to just under 5,800 euros per square meter. There has been a particularly large price increase of around 13.5 percent in the center of the island. On average, properties are the most expensive at 7,700 euros per square meter...
The real estate investment market in Germany experienced a significant decline in 2023. The transaction volume was the lowest since 2011. Despite this slump, the investment climate is slowly brightening and a certain recovery is expected. This is according to the "Trendbarometer 2024" study by Ernst & Young (EY). A quarter of those surveyed continue to expect...
Office vacancy rates in the European core markets remain low, particularly in cities such as Paris, Cologne and Hamburg. This is according to the real estate services company Savills. Although office take-up in Europe fell in the third quarter of 2023, the real estate services company expects a slight increase in Europe in 2024. However, German cities could continue to...
The mood in the German skilled crafts sector is fragile. This is emphasized by Jörg Dittrich, President of the German Confederation of Skilled Crafts (ZDH). Taxes, duties and documentation requirements are leading to a record-breaking burden on businesses. Investments and loans are falling at a time when they should actually be rising. "The future prospects will...
In 2022, real estate transactions in Germany fell by 16 percent compared to the previous year. This corresponds to 866,000 transactions. This is according to the Real Estate Market Report Germany 2023, published today by the Working Group of the Higher Expert Committees, Central Offices and Expert Committees together with the Federal Institute for Research on Building, Urban Affairs and Spatial Development (BBSR)....
A joint analysis by immoverkauf24 and ImmoScout24 shows clear regional differences in the supply of age-appropriate apartments in Germany. According to the study, the shortage of such apartments is most pronounced in eastern Germany. This contrasts with federal states such as Hesse, Rhineland-Palatinate and Baden-Württemberg, where there is a wider range of age-appropriate properties for sale....
75 percent of people in German households are reconsidering their housing situation due to financial aspects. In urban areas, 25 percent of respondents state that they spend more than 40 percent of their income on housing costs. As a result, there is an increased preference for living in rural areas. Satisfaction with housing also appears to be particularly high there at 76%....
The real estate industry is facing new challenges from cyber attacks. This is shown by a study conducted by KPMG and the German Property Federation (ZIA). It shows that although 93% of companies in the sector consider cybersecurity to be important, only 51% have a corresponding strategy. Above all, there is a lack of specific protective measures for building technology....
Although property prices recorded a historic year-on-year decline of 9.9% in the second quarter of 2023, buying a property remains more financially unaffordable than renting. Even if rents continue to rise by 20 percent, buying a property is still a less attractive option than renting due to the high interest rates on loans. This is according to a study by...
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