Berlin and Düsseldorf: Where rents are rising particularly sharply

6.7 percent plus

This is where rents are rising the most

Existing apartments should actually be cheaper than new buildings. But this is exactly where the price development is currently particularly increasing.

The rise in apartment rents has accelerated. In the third quarter, rents for apartments on offer rose without taking the rent into account inflation by 1.2 percent compared to the previous quarter, as the Kiel Institute for the World Economy announced. This is the strongest increase since the first quarter of last year.

Compared to the same period last year, rents from July to September were 3.7 percent higher without taking inflation into account. Housing market expert Jonas Zdrzalek from the Kiel Institute said that rental price dynamics are increasing slightly again. Prices for existing apartments developed comparatively strongly. These are already occupied apartments that tend to be cheaper than new apartments.

Unlike the comparison with the previous quarter, the analysis of the same period last year excludes seasonal effects on the housing market.

Year-on-year, rents are at their highest at 6.7 percent Hamburg increased. Outside the eight largest cities, rents increased BochumAugsburg and Mannheim the strongest. The increase in the three cities was between 6.3 and 5 percent. The reasons for the development were not given.

It should be noted that the Kiel Institute says it evaluates rents in 37 cities and regions. These include the 30 most populous cities in the country. The Greix rental price index therefore primarily provides an overview of how rents are developing in large cities. The rental price index is made up of real estate market data from more than 100 sources.