Mietwohnungen

Real Estate boom continues – but Real Estate prices are rising slightly less rapidly

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Real Estate prices in German cities continue to grow – but more slowly than before. Especially the rents are rising with particular lower rate.

Rents in major German metropolises have risen by 2.5 percent.

According to the Bundesbank, the boom on the real estate market continued last year. However, prices rose less sharply – especially in the cities.

Overall, real estate prices in German cities rose by 6.1 percent in 2019 comparing to 8.5 percent in 2018. In the seven metropolises Berlin, Dusseldorf, Frankfurt, Hamburg, Cologne, Munich and Stuttgart was a rise of 6.4 percent (after 9.7 percent in 2018).

Last year, accordingly to the Bundesbank, the real estate prices in those cities topped the level. Statically forecasted price deviations in metropolises were between 15 percent and 30 percent higher than expected.”

source: www.wiwo.de

picture: www.pixabay.com

Rauchmelder

3 facts you need to know about smoke detectors

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Smoke detectors must be installed in all living rooms and bedrooms except in the kitchen and bathroom.

The owners or landlords are responsible for the installation of smoke detectors. However the maintenance obligation can be delegated to the tenant by contract. But: the owners or landlords still remain under liability. It has to be ensured that the tenants are physically and mentally capable of servicing the system safely and in accordance with the manufacturer’s specifications. In this case exists a so-called “secondary liability” for a tenant to his landlord for the ongoing monitoring.

The costs for maintenance may also be passed on to the tenants – as long as the landlord assumes the maintenance by himself or has delegated it to a service company. These maintenance costs can only be included in the service charges or additional costs

Source: www.rauchmelder-lebensretter.de

Picture: www.pixabay.com