Renting in Bavaria are rising rapidly: Students fight for living space!

Renting in Bavaria are rising rapidly: Students fight for living space!

München, Deutschland - In Bavaria, the search for accommodation is becoming increasingly challenging because the rental prices are continuously increasing. This has an impact on a large number of tenants, especially students who are already fighting with limited budget. The real estate association Germany reported that the average rent for existing apartments in Bavaria has increased by 5 percent within one year, which corresponds to a square meter price of around 12.70 euros

Especially in the southern regions of Germany, where living space is generally more expensive, the situation becomes increasingly precarious. Analyzes show that rental prices in many Bavarian cities have increased significantly in recent years. For example, Nuremberg recorded an increase of 6.1 percent in the rental prices for existing apartments from July 2022 to July 2024. This increase is a consequence of the high demand, which is due to the economic strength of the region.

special developments in the big cities

In Augsburg, rental prices rose by an impressive 7.8 percent in the same two years, which ends up in fourth place in southern Germany with an average price of EUR 12.66 per square meter. However, rents in the Bavarian capital of Munich are the most dramatic. Here the prices for existing apartments increased by 8.7 percent to 21.20 euros per square meter, and Munich remains the most expensive city in Germany.

The real estate market currently has a rather reserved trend, while the demand for rental apartments, especially in large and medium-sized towns, remains strong. Among other things, this is due to the fact that many people have to refrain from the possibility of acquiring property because of the increased interest rates. They are therefore forced to avoid rental apartments.

Another problem increases the pressure on the rental market: stagnating housing. Fewer and fewer new apartments are approved and built in Munich. According to market researcher Stephan Kippes, the state measures to promote housing construction have so far not shown the hoped -for effect, which only exacerbates the situation.

effects on students and trainees

these challenges are particularly faced with students and trainees. A current report shows that these groups in major German cities pay an average of 479 euros for a shared apartment, with Munich is at the top with an average of 800 euros. The housing market remains tense with the beginning of the winter semester 2024/2025 because more and more students are looking for accommodation.

The Ludwig Maximilians University in Munich, for example, recorded an increase in 2000 new registration compared to the previous winter semester, so that the total number of students increases to more than 54,500. The Technical University of Munich also reports increasing registration. As a result, the students are increasingly difficult to find affordable living space or have to accept longer commuting routes. Nils Weber, spokesman for the Bavarian State Student Council, emphasizes that many students are forced to live with their parents because it is not financially possible to live independently. International students are often dependent on more expensive accommodations such as hotels.

The persistent climbs in the rental prices make it clear: In order to successfully overcome the challenges on the housing market, sustainable solutions and effective measures are required that increase both the construction capacities and meet the needs of the various sections of the population. For a deeper analysis of the situation, further information www.merkur.de to be found.