If you are looking for a place to live in a big German city, you might have to say goodbye to your wish for a dream home. It now costs €1150 to rent a 60 square metre apartment in Cologne and €1100 for only 38 square metres in Munich. We have to save on square metres,” says a real-estate expert from the Cologne Institute of the German Economy, Michael Voigtländer. Since then however, city dwellers have been living in increasingly small spaces, with generously-sized homes only affordable in more rural areas. In 1999 it was at around 39 square metres per capita, and rose to 45 square metres over the next 10 years.

Source: The Local September 14, 2018 10:07 UTC