Residential rents in Germany have risen again in 2009 but more moderately than in the previous year. This is the result of a study comparing the official rent tables (Mietspiegel) in Germany performed by the "Hamburger F+B Forschung und Beratung für Wohnen, Immobilien und Umwelt GmbH". During the previous year, the average rent increase for a 65 sqm apartment with average standard and in an average location was 0.8% and 0.6% in 2009. In 1996 the increase for the same sample was almost 4%.
The differences between various regions, however, are significant: In eastern Germany and North Rhine-Westphalia, rent increases are below average, at 0.4% whereas in Baden-Württemberg and Bavaria saw increases at 1.5%, they are more than double the nationwide average. The City of Munich and a few of its suburbs are in the lead by far. In Munich, tenants pay 71% more than the national average for their apartments. Berlin, at the low end of the scale, is a bargain. In the western districts of the capital, the rent level is currently 7% below the German national average; in the eastern part, it is even 12% less.
For investors the latter indicates a significant developmant potential for mid to long term investments. Here is some catching up to be expected.
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Uwe Falkenberg
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