Rent in Munich continues to increase: displacement affects low -income households!

Rent in Munich continues to increase: displacement affects low -income households!

Starnberg, Deutschland - Rental prices in Munich and the surrounding area reach new heights, and this causes excitement among tenants and buyers. According to the current regional report of the IVD Süd, rents for existing apartments in Munich have increased by 4.4 percent in just six months. But not only in the state capital, the surrounding area also increases significantly with an increase of 1.7 percent. Starnberg is particularly striking, where rents even increased by 3.2 percent. These developments are a direct reaction to the still high demand and the stagnating range of new living space, such as muenchen.t-online.de reported.

The situation is additionally reinforced by the stagnating new construction projects. Builders hesitate, while private builders shy away from the uncertainties of the construction costs. The situation created by the demographic development and the increasing demand for living space fears that low -income households come under even more pressure, as Stephan Kippes from the IVD emphasizes. In comparison, after Statista investigated, the offer rents in Munich were continuously corrected in Munich between 2012 and 2024. The average square meter price has now increased significantly, which means that many potential tenants get into a race for the few available apartments, as found in Statista

new construction projects and prices

The buying market shows the first signs of stabilization, especially in energetically renovated existing real estate. Despite a high purchase price of an average of 7,550 euros per square meter in Munich, the demand for such properties is still available. However, in order to create new residential areas, an increased implementation of construction projects would be necessary. This applies, for example, former military areas that could potentially be used for housing. It remains to be seen for the region whether these plans can be implemented despite the resistance of residents and environmental associations. In addition, moderate price returns seem to be recorded in the segment of free -standing single -family houses, such as in Freising and Dachau, while Starnberg is at the top with 1.9 million euros per single -family house.