Rising Utility Costs Squeeze Renters in Germany and NRW
Utility expenses have surged significantly, nearly matching base rent levels in some areas, driven by increased energy and service costs.
- In Germany, utility costs for existing apartments have risen by an average of 17% since 2022, with metropolitan areas seeing a 20% increase.
- Newly constructed apartments, despite being more energy-efficient, also face rising utility costs due to higher maintenance expenses.
- In North Rhine-Westphalia (NRW), utility costs have increased by 11.3% in 2023, nearly equaling the base rent, which rose by only 1.5%.
- Key drivers of rising costs include increased heating expenses and higher service costs such as insurance and maintenance.
- The Haus & Grund association in NRW calls for political action, noting that 73.6% of utility costs are influenced by policy decisions.