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LEIPZIG, the apartment rental market in Germany

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In Leipzig, we can follow up an increase in the migration growth of the population by 10% since 2014, which entails interest in the apartment rental market both from the local population and from new arrivals.

Leipzig has a more attractive level of rent in relation to larger cities, but due to a reduction in the supply of apartments, modernization and construction of new buildings, rental housing prices have also increased significantly here,

on average:

by 30 % – 40% – since 2014

from 5.20 € / m2 to 6.80 €/m2 – 8.09 €/m2 depending on the area.

Currently, in Leipzig, many areas are being changed and modernized at the expense of existing buildings and new developments, which entails additional space for rental housing: the eastern districts of the city have a special potential to consider for rental housing.

 

Quelle: https://www.realestate.bnpparibas.de/marktberichte/wohnmarkt/leipzig-city-report

Foto: Pixabay.com

 

U-Bahnhof Siemensdamm

BERLIN, SIEMENSSTADT

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Reconstruction project within the framework of the construction of Siemensstadt.

Siemens invests in the existing industrial architecture to create an innovative campus that will combine accommodation, work and training.

Planned:

- office, research, industrial premises

- 3000 apartments (various, partially social housing)

- school

- open spaces

Historical buildings will be preserved.

2020 – start of construction

2030-the so-called “Smart City”should be ready.

Location: Berlin-Spandau

In exchange for Siemens investment, the Berlin Senate wants to allow S-Bahn trains to run again on the now-unused Siemens line.

 

Quelle: https://www.berlin.de/wirtschaft/bauprojekte/6035142-4470362-siemensstadt-2.html

Foto: https://commons.wikimedia.org/

 

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BERLIN, the real estate market in Germany

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There are limited offers, prices continue to rise.

During the 10th growth of the Berlin real estate market, the following can be noted: Berlin is in greater demand than ever, as the potential of real estate in Berlin lies in achievable profitability and long-term price growth.

200% increase in the value of residential real estate over 10 years.

- 1,700 euros – 10 years ago, the average price per square meter

- 5000 euros and above – today for secondary resale

- 200% profit

An increase in demand, a reduction in supply.

The increasing demand is no longer able to satisfy the proportionally decreasing supply.

According to the Berlin Evaluation Commission, we are seeing a decrease in apartment sales:

24,600 purchase and sale agreements – 2015

18,500 purchase and sale agreements – 2019

17,500 purchase and sale agreements – 2020

 

Quelle: https://guthmann.estate/de/marktreport/berlin/

Foto: https://www.pexels.com

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Property prices and rent index: Halle (Saale)

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No matter how much modernisation, renovation and construction is done, there is still not enough living space. Prices are reaching heights that were unthinkable a year ago. Halle amazes the rest of the republic. The city has been booming for three years, and contrary to all forecasts, the number of inhabitants is rising and rising. Last year alone, about 1000 people moved to the Saale. Medium-sized companies create new jobs, the university is considered excellent, the strong industry ensures high growth rates.

For the real estate market, this means that there is still a shortage of housing, even though there is a lot of modernisation, renovation and new construction going on in the city. Rents are rising and property purchase prices are increasing. This is in all locations of the city. The real estate price index for Saxony and Saxony-Anhalt always lists Halle among the top three – sometimes ahead of Dresden, sometimes ahead of Leipzig and almost always ahead of Magdeburg. The high investments in renovation or refurbishment of houses and flats and facades, it seems, are paying off.

The demand for flats in the city centre is unbroken, with cold rents now starting at 7 Euros per square metre. That was unpredictable a year ago.

 

Quelle: www.capital.de               Foto: Pixabay.com

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Rent increase – demos also in Saxony

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In Leipzig, Erfurt and other cities in the East, residents want to take to the streets on Saturday against displacement and rising rents.

The average rent of 6.67 euros per square metre in Leipzig is not as high as elsewhere. But new buildings are no longer offered for less than ten euros per square metre. At the same time, Leipzig has grown by more than 100,000 inhabitants in the past ten years – which has noticeably boosted demand on the housing market.

If Leipzig’s growth continues, 2,500 flats per year will be needed. Also, rent control should not be limited to 15 years. This has led to a decline in social housing in Germany, because after 15 years they are offered at completely different rents.

 

Quelle: www.saechsische.de               Foto: Bild von Peter H auf Pixabay