4 ms·

Munich here. Most expensive city in Germany in absolute prices and second expensive relative the the average income (Freiburg is top there). 12 Euros per square

Munich here. Most expensive city in Germany in absolute prices and second expensive relative the the average income (Freiburg is top there). 12 Euros per square meter average rent. In good locations, 20 is asked regularly. More than 30 for small 1 bedroom appartements. Statistics says, 3300 Euros per square meter buying price. We try to find a good place since 3 years, and we have never seen anything below 7000 Euros (in good central locations). 10.000+ is asked for regularly. The market is standing still because few people can afford these prices any more. Berlin prices would be a dream come true here. Laws are the same as in Berlin. But since there is much more money to win, there is more aggression to get rid of old tenants and thus raise prices and/or build new houses. We have seen places, where the real estate dealer did not tell us how nice everything is, but calculated how much we can make, if we rent to Engineers who work for big companies like BMW or EADS. In cash and percent interest rate for our investment. Never heard that anywhere before.

mc32 11y ago
Does that mean Berlin's approach to housing is unique to Berlin and that the policies which make renting both the preferred housing option as well as making it economically rational, not the case in other large metro areas? I'm curious because people point to Berlin as a model (for providing affordable and desirable housing) but it would not be a good model if it does not work elsewhere. But conversely soul be a good model to study if it were viable elsewhere (especially booming cities -- where the issue is pronounced)
- mironathetin 11y ago
  To my knowledge, the law is the same everywhere in Germany. Berlin makes a good example with still low prices because of its history. But there is certainly more protest against investors in Berlin compared to Munich. And more protection from the traditionally less conservative government. In Munich it counts as embarrassing not to be rich.
- DasIch 11y ago
  There are a few things in regards to housing that are specific to Berlin like how much low income housing is build etc. but most of it isn't. Renting is and has more or less always been the preferred option in Germany. The reasons that make it also a good idea economically have less to do with laws and more to do with a declining population, people moving to larger cities and culture. Unless you have a place in a large city, which you probably can't afford, it's going to lose value. Also you may want or need to be flexible in regards to where you live and work, owning property doesn't help with that.
deleted 11y ago
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mc32 11y ago

Does that mean Berlin's approach to housing is unique to Berlin and that the policies which make renting both the preferred housing option as well as making it economically rational, not the case in other large metro areas? I'm curious because people point to Berlin as a model (for providing affordable and desirable housing) but it would not be a good model if it does not work elsewhere. But conversely soul be a good model to study if it were viable elsewhere (especially booming cities -- where the issue is pronounced)

mironathetin 11y ago
To my knowledge, the law is the same everywhere in Germany. Berlin makes a good example with still low prices because of its history. But there is certainly more protest against investors in Berlin compared to Munich. And more protection from the traditionally less conservative government. In Munich it counts as embarrassing not to be rich.
DasIch 11y ago
There are a few things in regards to housing that are specific to Berlin like how much low income housing is build etc. but most of it isn't. Renting is and has more or less always been the preferred option in Germany. The reasons that make it also a good idea economically have less to do with laws and more to do with a declining population, people moving to larger cities and culture. Unless you have a place in a large city, which you probably can't afford, it's going to lose value. Also you may want or need to be flexible in regards to where you live and work, owning property doesn't help with that.

deleted 11y ago

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