Rents in the surrounding areas of many large cities are rising faster than in the cities themselves. This trend is being driven by the increasing demand for housing outside the metropolitan areas. The former price advantage of apartments in the surrounding areas is therefore increasingly disappearing. In the long term, this trend - which can be observed particularly strongly in the areas surrounding Berlin and Munich - could lead to a convergence of rental prices, which would reduce the attractiveness of the surrounding area as a more cost-effective housing alternative. This is shown by a recent analysis by ImmoScout24.
In Berlin, for example, rents in the surrounding areas are rising more than twice as much as in the city itself, with a particularly high increase within a radius of 16 to 50 kilometers around the city center. The situation is similar in Munich, where the surrounding area is experiencing a significant increase in rents, particularly within a radius of 76 to 100 kilometers. This trend shows that demand for housing is increasingly shifting to the surrounding areas, which in turn is pushing up prices there. This is making it increasingly difficult to find affordable housing outside the cities.
The trend illustrates the growing popularity of the surrounding areas as a place to live, but also poses new challenges for those looking to rent, as the hoped-for cost benefits are increasingly being eroded by rising rents. The tense situation on the housing market in major cities is thus spreading to the surrounding areas, creating a new dynamic in the search for and brokerage of housing.
Source and further information: immobilienscout24.de
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