The rent cap, a brief respite for tenants, has fizzled out. Last year, the apartments on offer cost an average of 10.50 euros/m², which is an increase of 3.4 percent. But in Spandau rents fell.
From Hildburg Bruns
“Finding an affordable apartment in Berlin has never been as difficult as it is today. Many simply cannot afford to move,” says Sascha Klaus, head of Berlin HYP. And when it comes to new construction, there is a shortage of land, long official processing times, and a lack of construction workers and materials.
The new Housing Market Report 2022 by BerlinHyp and CBRE shows how tense the situation is.
►Offers: In the previous year, 35,000 rental apartments and 27,400 condominiums were offered.
►Condominiums: For the first time, they break the 5,000 euro/m² barrier on average – to 5,388 euros (plus 8.2 percent). This is more expensive than, for example, in Cologne, Dusseldorf, Stuttgart. But cheaper than in Munich (9533), Frankfurt (6953), Hamburg (6290).
►New build: Of the 44,850 planned apartments, 73 percent are for rent – but only every fifth is in the city center within the S-Bahn ring.
►Hire Blast: In Pankow by 10.4 percent to almost 12 euros/m² and in Treptow-Köpenick by 7.8 percent to 11 euros. The highest average rents can be found on Jannowitzbrücke (EUR 20.19/m²) and Hackescher Markt in Mitte (EUR 18/m²) as well as on Savignyplatz in Charlottenburg (EUR 17.88/m²).
►Population growth: It was low in 2021 with 5518 new Berliners. Just a few years ago, the capital grew by around 40,000 people a year. In some counties with a high proportion of elderly, the population has actually declined due to the death rate.
Reiner Wild, managing director of the tenants’ association, is already warning: “The report only refers to the net cold rents. In 2023, however, as a result of massive additional demands for heating and hot water costs, we expect additional increases in rent including heating due to operating costs of more than 1 euro/m² per month, which accounts for an average of 15 to 20 percent.”
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From the point of view of the tenants’ association, the high ones do it To rent ruined the housing market. Compared to 2019, 19,000 fewer Berliners moved the following year.