CBRE-empirica's vacancy index recorded a historic decline in vacant apartments in Germany at the end of 2022. The vacancy rate fell by around 53,000 units compared to 2021 to 554,000, which corresponds to 2.5% of the total stock. This decline is the largest in the 22-year history of the index.
Immigration from Ukraine had a strong impact on the housing market in 2022. The even distribution of immigration across the country prevented an increase in vacancies in all 400 districts.
Despite an easing of the situation due to internal migration, according to the economic and social science research and consulting institute empirica, rents are expected to continue to rise until 2025. The completion of new apartments will decrease due to current market influences, which will exacerbate the housing shortage.
Source and further information: empirica-institut.de
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