Paying high rents and repaying loans is a burden for more and more Germans. That's why 12 percent of 12,000 respondents are planning to move for financial reasons. This is what the ifo Institute and Immowelt found out in a joint analysis. The respondents could theoretically save costs, for example, by moving from the usually expensive city to the often less expensive surrounding countryside.
However, city dwellers are more willing to move than rural residents. The ifo Institute and Immowelt attribute this to the fact that rental and purchase prices there have risen more sharply over the past ten years than rental and purchase prices for real estate in rural regions.
However, the analysis also shows that not quite as many city dwellers now want to move to the countryside. Whereas in May 2021, 13 percent of respondents still wanted to move away from the city within a year, in fall 2022 the figure was only 10 percent. Although those looking to move want to save money, they are looking for larger living space. The reason for this is moving in with a partner or the birth of a child.
Source: immowelt-group.com
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