Corona changed apartment-hunting

Working, learning, killing time – everything at home. For months now, many Germans have been at home more often than they are used to, and some of them more than they would like to. Corona has raised the value of housing. An extra room to work in, a garden to breathe in – that’s what more people are now longing for. Apartments are becoming more expensive according to a recent research. The demand for properties in the surrounding area has risen sharply during the lockdown, according to a study.

The biggest cities, including Munich, Berlin and Hamburg, were slightly above average. The surrounding areas of metropolises are also becoming more attractive. Prices for poperties had already risen sharply in the second quarter.

There is now relief for many tenants in Berlin. Hundreds of thousands can expect a reduction in their inflated rents after the second stage of the rent cap came into force on Monday. The Senate expects that rents in 340.000 flats will have to fall. F+B even expects about 512.000 flats. The average reduction would be 40 euro.

Quelle: www.wiwo.de                 Foto: dpa