F+B-Wohn-Index: New rents dropping for the first time

08/05/2019

New contract rents for apartments dropped across Germany for the first time since 2005, as evidenced by the latest figures collected for the residential index F+B Wohn-Index Deutschland. The index calculates a decline of 0.3 % during Q1 2019 compared to the previous quarter. Compared to the same quarter of the previous year, rents are still showing a plus of 2.0 %. In total, the index as an average of the price and rent development for residential property in all German communities rose by 1.2 % compared to the quarter before and by 5.0 % over the same quarter of last year. The plus is mainly due to apartment prices, where condominiums logged the largest increase over the previous quarter at 2.1 % (Q4 2018: +6.1 %). The nationwide average plus for individual multi-family homes weakened slightly compared to the previous quarter with an increase of only 0.2 %. In the annual comparison, prices for this asset type rose by 1.9 %.


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