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yesterday

German Rents Surge Over 40% in Berlin and Rural Counties, National Average Up 18%

European Central Bank rate hikes curtailed new housing supply, pushing rental costs higher across Germany

Besonders teuer: Neubauwohnungen kosten teils über 20 Euro Miete je Quadratmeter. Wer einen alten Mietvertrag hat, lebt selbst in einer großen alten Wohnung günstiger als in einer kleinen neuen. Das ist ein Problem für den Mietmarkt: Große Wohnungen werden kaum wieder frei.
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Die Mietpreise in Berlin haben sich seit 2022 fast verdoppelt
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Overview

  • Average asking rents in Germany have risen 18.3 percent since early 2022 following higher construction financing costs triggered by the Ukraine war.
  • In Berlin, new rental prices have jumped 42 percent to €14.90 per square meter, creating a “divided housing market” between low-rent incumbents and high-cost newcomers.
  • Counties such as Kaiserslautern and Cottbus have recorded rent increases exceeding 40 percent as urban spillover drives demand into smaller regions.
  • Steep price hikes have frozen tenant mobility, with many renters choosing to stay put rather than face significantly higher costs elsewhere.
  • Berlin SPD leader Raed Saleh has called for a new city rent cap after federal lawmakers extended the national rent-brake through 2029.