Real estate prices are falling – slightly in Bavaria, significantly in Munich. But what sounds like relaxation is thoroughly bad news for renters. Because the purchase prices are falling because the demand is falling. And the reason for this is that many prospective buyers simply can no longer afford the dream of owning their own home due to high inflation and increased building interest rates. That is why they are now switching to the already tense rental market and fueling demand there. At the same time, the supply is also shrinking because fewer rental apartments are being built.
Rents in Munich: how much tenants in the districts now have to pay – Munich
