Empirica: Rent increase in Top 7 at a five-year low
Purchase prices for apartments are still growing faster than rent prices. According to Empirica, condominiums in the Top 7 cities at mid-year cost 10.4 % more than even a year ago. Rents, by contrast, only increased by 2.6 %. This is the lowest rent increase in five years; rent prices have been rising slower and slower for two years. “Apparently, demand is not growing that much faster than supply now,” Empirica analyst Reiner Braun concludes. “Migration into the cities is slowing somewhat, incomes may be rising a bit slower, but most of all new construction has gained momentum.”
Subscribers to our premium service have access to this article in full as well as to an additional 510,000+ news items: all filterable by topic, company, asset class, city or keyword. In TD Premium you can search for investment deals, leases, current project developments and company news with pinpoint accuracy.
TD Premium is Germany’s leading property information tool that interconnects news, transactions, project data, market and company information in a unique and flexible system.