Apartments with 1.5 rooms for sale and rent are still in demand. This is according to the "IW-Cube Compact Living Report 2022". Purchase prices for these so-called "compact living properties" rose by 12.2% from 2020 to 2021, adjusted for quality. Rents rose by 2.5% in the same period, adjusted for quality.
Purchase prices for 1.5-room apartments have risen in Chemnitz and Leipzig in particular. The price increases here were 24.4 and 20.5 percent respectively. However, price increases were also high in Wuppertal. There it amounted to 19.6 percent. In terms of rental price development, the cities of Berlin, Mönchengladbach, Leipzig and Wuppertal in particular saw increases of around 4.3 to 4.6 percent.
The report was commissioned by Cube Real Estate GmbH and published by the Cologne Institute for Economic Research. The report also shows that around 2.2 million people in Germany live in a 1.5-room apartment, which is their primary residence. In addition to singles, it is mainly young professionals who live in compact living properties.
Source and further information: iwkoeln.de/studies
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