A recent study conducted by property search portal Immowelt revealed that rents on new contracts have risen in at least 80 major German cities over the past five years – with 34 cities seeing rents rise by 20 percent or more over the same period of time. Source: ImmoweltRents also rose significantly in some of the notoriously expensive cities in southern and western Germany. While in the first months of 2016, the average renter paid €9 per square metre, in 2021, the average is €12.80 per square metre. READ ALSO:Hamburg: 19 percentIn Hamburg, average rents rose by 19 percent over five years, up from €10.50 per square metre in mid-2016 to €12.50 in the middle of this year. Over the past five years, average rents in Hesse’s largest city have climbed from €12.50 to €14.50, representing an increase of 16 percent.

Source: The Local August 06, 2021 15:00 UTC