Even the market researcher Stephan Kippes from the real estate association is worried about the massive increase in additional costs. Because rents just keep going up, even though purchase prices are going down. What housing currently costs.
It’s not getting any easier for Munich tenants, on the contrary. Real estate purchase prices may have fallen slightly this autumn for the first time in years, but the dip is not noticeable on the rental market. On the contrary, interested parties who are deterred from buying an apartment by the high mortgage interest rates are fueling demand. These prevented buyers “are pushing into an already difficult market,” said Stephan Kippes from the market research institute of the German Real Estate Association (IVD) on Tuesday at the presentation of the market report for rental properties in Munich and Bavaria. “Anyone who expected a relief effect will unfortunately be disappointed,” was his conclusion.