Euro Grundinvest: Housing Shortage In Munich

November 27th, 2014
by Richard

It was a field day for the Munchner Abendzeitung: offer room in a shared flat. Munich, 30.05.2013 – only condition: sex. So anyway, found an advertisement on an Internet portal that quickly deleted the entry. The colleagues of the evening newspaper found out that it is a fake, with a young student to the serious housing shortage in the city wanted to draw attention. She must cover 100 kilometres daily to Munich, because she find no affordable housing. At an average of approximately 12 rents currently, they include euro square metres to the highest in Germany. This information is however: new leases are currently significantly higher possible, flats in popular locations actually always far beyond.

Not for nothing was given the epithet lex Munich”hence the new tenancy law of last year. So it is not surprising that prefers the German “Studentenwerk” before a housing shortage next winter semester in the major cities and Warns metropolitan areas. The umbrella organization of 58 student unions calls for a special programme, with the 25,000 additional hostel places will be created. And the tenants Association estimates that Germany is missing more than 100,000 apartments in the ten cities with the strongest housing shortage 31,000 of them alone in Munich. With a vacancy of 0.6 percent Munich leads in the statistics. Housing experts consider a vacancy of three percent necessary to ensure a continuous supply of ever. But hardly a German metropolis has the at least, when one speaks of affordable housing.

However, there are also other voices, which deal with the topic. The Empirica Research Institute and the real estate service provider CBRE examine developments in the area of apartments in Germany for years. You can indeed show continuously decreases in the number of vacant apartments, one can in this country speak only of housing shortages in about 20 cities. The specialists at Immobiiienscout24 want it made, that even in Munich with a few exceptions rents not more so quickly as before and when new leases in the central area as a whole reached a price limit. It looks like even Jurgen Michael Schick as Vice President of IVD Brokers Association. He is of the opinion that largely catch-up effects – occurred on rents given very moderate price increases in the last few years. For the specialists of the Munich euro Grundinvest such developments are completely normal, because like all markets the real estate market would be subject to cycles. Differently than in other cities the price level in particular for land had never sustained waned however in Munich in recent decades. For many investors a reason to invest here. Because it is has made euro Grundinvest mission to create liveable and yet affordable housing, you looked up in his action confirmed – after all, it is in the real estate business since 1987 and since there have been whatever stages, where the demand significantly lower had fallen out for new homes than currently. For the Munich of real estate professionals is clear: the current housing shortage desire more new investments. For more information,

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