Munich's rents are no longer the highest in Germany!

 

According to a recent national rental comparison, Munich, the Bavarian capital, is no longer the most expensive city in Germany to rent in.  pearl apartments

In 2019, rents increased by 1.8 percent.

Although rents in Germany continue to increase, they are not growing as rapidly as in previous years, according to a recent study from the Research and Consulting Company for Housing, Real Estate, and the Environment (F+B).

Every year, F+B compiles a rent index by analyzing cold rents charged for average 65 square meter flats in municipalities and cities with a population of at least 20.000 people. According to this year's survey, which covered 351 cities and municipalities, prices increased by 1.8% in 2019, a 0.4% decrease from the previous year, to an average of 7,04 euros per square metre.

Stuttgart has overtaken Berlin as Germany's most expensive capital.

Although rents in Berlin's eastern suburbs, Potsdam, Dresden, and Schwerin are still lower than the national average, Stuttgart has now surpassed Munich as Germany's most expensive city for renters.

In 2019, Stuttgart renters paid an average of 10,41 euros per square foot, which was 48 percent higher than the national average. Since F+B started collecting data in 1996, this is the first time Baden-capital Württemberg's has topped the rankings.

Prices are also comparatively strong in other major cities such as Hamburg, Düsseldorf, Frankfurt am Main, and Cologne. On the other hand, they are just marginally above average in Berlin's west, at 7,32 euros per square metre.

Tenants in Berlin with old rental contracts, according to F+B, have a significant advantage over newcomers. Though increasingly growing rents force newcomers to pay much more than they should, long-term renters can still live in Germany's capital city for a reasonable price.

The suburbs are catching up to the cities in terms of price growth.

The study also revealed that the suburbs are becoming more costly than the city in some parts of the world. Karlsfeld, in the Dachau district on the outskirts of Munich, has the most expensive municipality in Germany. Renters pay an average of 10,86 euros per square meter in this city.

“This demonstrates that the old rule that those who want to live cheaply must relocate to the suburbs” is no longer true, according to F+B. They said that the rents in inner-city areas have prompted more people to look for housing outside of the city, causing prices in the suburbs to rise as well.

 

Rental prices in Germany's most costly cities

 

The top ten most expensive cities and municipalities in Germany for tenants are almost entirely in the south. The top ten are all from Bavaria or Baden-Württemberg, with the exception of Tübingen.

 

Karlsfeld = 1. (Bavaria - most expensive municipality)

1. = Stuttgart (Baden-Württemberg, the most costly city in the state)

3. Baden-Leinfelden-Echterdingen Württemberg's

Germering is #4. (Bavaria)

5. Dachau concentration camp (Bavaria)

Munich is number six on the list (Bavaria)

Tübingen (Baden-Württemberg) is ranked as the seventh best city in Germany.

Ludwigsburg (Baden-Württemberg) is the eighth most populous city in Germany.

Erding, number 9 (Bavaria)

Ditzingen (Baden-Württemberg) is the tenth most populous city in Germany.

Darmstadt is number eleven on the list (Hesse)

Kornwestheim (Baden-Württemberg) is the 12th largest city in the state of Baden-Württemberg.

Hamburg is number thirteen.

Esslingen am Neckar (Baden-Württemberg) No. 14

Wiesbaden is number fifteen on the list (Hesse)

Leonberg (Baden-Württemberg) is ranked number 16 in the world.

Fellbach (Baden-Württemberg) is a town in the state of Baden-Württemberg.

Konstanz (Baden-Württemberg) is the number eighteenth city in the state of Baden-Württemberg.

Düsseldorf has a population of 19. (North Rhine-Westphalia)

Frankfurt am Main is number twenty-first (Hesse)

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