Overview

• Offered rents in major cities rose 0.7% in Q2 2025 versus Q1 but fell 0.2% after adjusting for inflation.
• Compared with Q2 2024, nominal asking rents climbed 3.4% and real rents rose 1.3%.
• Average online listing durations have dropped to 23 days in 2025, down from 34 days in 2015, with a quarter of Berlin units leased within two days.
• Among the eight largest cities, Düsseldorf saw the strongest quarterly increase at 1.5%, followed by Hamburg at 1.3% and Berlin at 0.7%, while Frankfurt recorded a 0.2% decline.
• High demand and tight supply mean the extended rent cap and Wohnungsbau-Turbo initiative are unlikely to deliver price relief soon.