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Rent chaos in the big cities: These regions benefit from it

Living in the big city – for more and more people in Germany, this is unaffordable. The result: the demand for rental apartments in the surrounding communities is increasing. An evaluation by the real estate portal Immoscout24 shows that demand in the surrounding communities rose by 23 percent in the first quarter compared to the previous year, while it remained consistently high in the metropolises.

The advantage of living outside of big cities like Berlin, Munich and Leipzig: Fewer competitors, more spacious apartments, lower rents. In large cities, six times as many candidates apply for a vacant rental apartment as in rural areas. Thanks to flexible working hours, home office and Germany ticket, surrounding communities are also becoming more attractive.

Also read: This is how much housing costs in your district

There are cities like Gera in Thuringia, about an hour’s train ride from Leipzig. According to Immoscout24, demand has increased by 350 percent within a year. The district of Altenburger Land also seems to be benefiting from its direct train connection to Leipzig: Demand has increased by 300 percent. In Leipzig, eight times as many applicants are competing for a vacant rental apartment as in Altenburger Land.

According to Immoscout24, the asking rent in Gera was EUR 5.62 per square meter in the first quarter and EUR 5.44 in the district of Altenburger Land. For comparison: in Leipzig, the average price per square meter is 7.75 euros. Accordingly, for this price, you get an average of 24 square meters more living space in Gera and 35 square meters in Altenburger Land.

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A similar development can be observed in the area around Berlin: Frankfurt an der Oder recorded an increase in demand of 194 percent in the first quarter – Cottbus of 156 percent. Both university cities can be reached within 90 minutes by train from the capital. According to the study, those looking to rent get 22 to 32 square meters more living space here compared to the capital – and compete with less than ten competitors on average. Asking rents in Berlin are almost twice as high at EUR 12.56.

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And then there’s Munich, one of the most expensive cities in Europe, with asking rents of EUR 18.44 per square meter. There are 40 percent cheaper rents in Ingolstadt and Landshut, less than an hour away by train. Apparently, word got around: demand in Ingolstadt rose by 160 percent, in Landshut by 150 percent.

Also read: Three graphs show just how bad the rent madness really is

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