Monday, August 15, 2016

Properties: German can afford more square – SPIEGEL ONLINE

German tenants can afford larger homes than six years in many regions. On average can rent 94 square meters a household today if he uses a quarter of its disposable income for it. The two square meters more than in 2010. This is the result of an investigation employer-Institut der deutschen Wirtschaft (IW) in Cologne comes from quoting the news agency dpa.

“25 percent of disposable income we see as a reasonable level for a rent burden,” says Ralph Henger, IW economist with a focus on financial and real estate markets. “It becomes critical when more than a third of the income is used for the rent.”

Nationwide, rents have risen less since 2010 than the disposable income of households, the authors write. Rents designed accordingly by 10.2 percent to the income by 11.5 percent.

However, the gaps between individual circuits has increased recently. In about a quarter of all counties and cities an average household can afford less space than six years ago. Among the ten largest cities this applies to Berlin, Stuttgart and Dortmund.

A lot of space in Dingolfing-Landau

Most of living space, an average household receives in Bavaria Dingolfing-Landau or in Lüchow-Dannenberg (Lower Saxony), where a quarter of the income of 120 square meters is enough. Laggards are the four university towns Trier, Freiburg, Heidelberg and Würzburg, where a quarter of the average wage makes only half as much living space.

It is particularly dramatic the increase in rental rates in Berlin with 26 percent, in Munich with 14 percent in Cologne with 13 percent and in Hamburg with 12 percent. The IW speaks of a “real boom in demand” in metropolitan areas and university towns. After Berlin further 240,000 people have moved since of 2010. The high rents in Munich have anyone quenched: Thither attracted 140,000 people

However is the average rent only in 20 of 402 districts across nine euros per square meter, in Germany you pay on average 6.90 euros.. The extra costs are only increased by seven percent, according to IW calculations 2010-2016. Reason is the decline in heating costs in the past two years.

For Rent in London fall

Outside of Germany was London so far a particularly drastic example of high rents. After deciding on the Proposed referendum on United Kingdom membership of the European Union the prices are there now but for the first time since 2010 fell. The reports of the “Independent”, citing figures from the real estate company Countrywide. With an average of 1280 pounds, the monthly rents in July were therefore seven pounds on the previous year. Nationally, rents by 1.5 percent to 951 pounds – the smallest increase since 2012.

Even with the house prices in London say realtors decline previously.. As a result of the Proposed referendum on United Kingdom membership of the European Union to lower demand for real estate by foreigners is expected also buyers should postpone its decision in the face of economic uncertainty.

but played

A role obviously also an increase in the deed tax, before many home buyers still accessed. Some of these properties could be noisy “Independent” now appear on the rental market and thus additionally provide relaxation.


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