Rents are rising and rising. Exclusive data shows which regions are most affected.
There are solutions, but not for free. New construction is collapsing and there is already a shortage of around 600,000 to 700,000 apartments, and the trend is rising. Rental prices are based on supply and demand - with supply not keeping up with demand for years. “The required apartments will not be built in the next few years. The situation is difficult and will not get better,” states real estate expert Roman Heidrich. So what can be done to bring escalating rents back to normal inflation rates? “Political funding is worth considering - at the same time considering the federal government funding,’ says JLL’s Roman HeIDrich. ‘The situation will not ease in the foreseeable future – simply because too few apartments are being built.’ “New housing construction costs are currently easing somewhat. But that alone won't be enough.” “We see markets developing apart from the interior of old buildings. We see more and more apartments in smaller cities is more expensive”