Wednesday, 23 November 2011

High rents: Frankfurt is the second most expensive city in the Federal Republic

The rents in Frankfurt am Main, with an average ranging around 11 €
per square meter now to the city of Munich's most expensive approach,
as one of the real estate market report showed portal Realty World.
The rents for the rent is very high and Frankfurt so cheap it can be
just on the outskirts of the city. When acquiring property, it does
not look better: The apartment is located in Frankfurt buying
expensive than average.

FRANKFURT: Germany's second most expensive city

Access to the tenant at the Munich housing market deeper into their
pockets need, when everywhere else is known in the Federal Republic.
Surprisingly however, the result of the latest market report from
Realty World Real Estate. According to the Bavarian capital in recent
years has got a competitor in terms of expensive apartment rents: the
Main metropolis Frankfurt.

As the newly crowned second most expensive city in Germany, the net
rent for apartments there is an average of 11.08 € per square meter,
and thus only € 1.06 below the average of Munich. And even though
rents have reached a comparable level, they provide for the Frankfurt
presents a greater burden because in the city on Main is the
purchasing power of 114 percent of the average German - in Munich,
however, 136 percent.

A Frankfurt apartment in sought after central or main bank location
suggests, according to Realty World with an average of about 12 € per
square meter impact. However, the leader is near the center of West
End: In the southern area is the average price per square meter at all
€ 15.14 depending on the equipment and can climb up to 30.83 €. And in
Frankfurt's city rents of up to 30 € per square meter are not
uncommon. By comparison, in the federal capital of Berlin costs in the
very center square in Berlin-Mitte average of 13 €.

Slightly cheaper places can be found in Frankfurt but still. So the
rents according to Realty World in riparian areas of Sachsenhausen at
€ 12.10 on average and also relatively centrally located former
working class district Gutleutviertel can rent the square from just €
6. It can also be cheaper to live in outlying areas such as the
Eastern Bergen-Enkheim, where the average square meter is € 9.30.

Who is an alternative given the high rents after looking around the
property will be disappointed in Frankfurt. Also, the purchase prices
for apartments are € 2619 per square meter with in Frankfurt
significantly above the nationwide average. Proud to be an average of
3,200 euros per square meter required in the central districts of the
metropolis and even in the train station near Gallusviertel there are
2754 €. Those who can not afford is to rely as rent on the outskirts.
Maximum in the square of a condominium is on average already available
for 1,700 €.

Real estate market rents are rising rapidly in Germany

Port of Hamburg City in Hamburg rent increased by seven percent

Living in the city is getting more expensive: more than five percent a
year ago, tenants need to fork out on average in cities, reports the
"Frankfurter Allgemeine Sunday newspaper." In Berlin, the costs are
rising very strongly - but there are exceptions.

Berlin - finding accommodation in the city - which is often a game of
chance and more often an ordeal. Frustration is programmed. The
available apartments are too small, too old and above all too
expensive. That at least the latter looks are not deceptive, a study
shows the recent development on the property market.

First time in almost 20 years, rents are rising rapidly in Germany.
In urban districts have tenants pay an average of five percent more
today than a year ago, reports the "Frankfurter Allgemeine Zeitung
Sunday" ("FAS"), referring to the real estate market research
institute Empirica.

In many individual cities, rents increased even more, says the report.
In Berlin today, the housing cost 14 percent more than a year ago, 13
percent in Dusseldorf, Cologne and Bonn twelve percent. Also in
Hamburg and Frankfurt am Main, rents increased by seven percent were
above average.

Was reason for the rent increases that many cities would have won for
years to people who have to live alone more often, said Empirica real
estate expert Reiner Braun the "FAS". It had not been built so many
new homes. This year also had an impact of the economic upswing.
"People have become more confident and are also moving once more.
Therefore, the landlord can impose higher rents," said Braun.

Kiel is cheaper, Munich still a bit expensive

Now, the landlord would have a lot of catching. Since 1993, rents had
barely risen, said the market researcher Andreas Schulten from
Institute Bulwien Gesa. "Relative to incomes living in Germany for 17
years has become cheaper. There is now a catch-up effect."

Even in smaller cities, rents can rise rapidly, the report says. In
two bridges such as the prices have attracted a twelve percent to ten
and in Jena in Rostock by eight percent. On average over the entire
Federal Republic Empirica have identified a rent increase of 3.4
percent. The figures are based on advertised rents for the lease of 60
- to 80-square-foot apartments with luxurious facilities that were
built earlier in 2000.

However, there are still cities, where rents rise only slowly. In
Munich, for example, newly rented apartments were only three percent
higher than a year ago - but the Bavarian capital, in terms of the
rental rate per square meter, traditionally the most expensive city in
Germany. In Kiel, the rents had fallen by four percent.

What is the partially-covered prices could result in major cities, was
recently demonstrated in Hamburg and Berlin. To "hedonistic flat
viewing rallies" calling on activists in the capital, in Hamburg, she
protested several times this year with "fat-rent parties" at
exorbitant prices.

"City of the tenants' Berlin Rising rents displace the poor

Figurative could the displacement at the edge of society to be: Rising
rents are forcing more and more Berliners support recipients, such as
age poor, immigrant families or single parents on low incomes the
outskirts of the city. The German Trade Union Federation (DGB) and
diakonia even speak of the emergence of ghettos of the needy.

Berlin needy people are being pushed to the edge of town.

Berlin in need of assistance have a housing problem: In recent years,
rents have risen dramatically in Germany's capital city, the
accommodation rates for Hartz IV recipients have however not changed
in the last six years. The communities need about 331 000 in Berlin,
which are dependent on support from the State, is now faced with the
problem that no longer adequate to the statutory amounts. The benefits
for accommodation and heating, which depends on the gross monthly rent
and number of household members has a ceiling that can not unite with
the current rents. The rising heating costs have a negative effect on
the already critical situation.

Needy have to move - and are discriminated against in housing

The consequence of the misery is that many needy Berlin, including
many families are now forced to leave their ancestral home. 1200,
there were communities of need in 2010, according to DGB 50 percent
more than last year! In order to find affordable housing, the parties
must now move to the outskirts of the city unattractive. Moreover,
according to the DGB is increasingly a discrimination of migrants and
older people with housing recognizable. The situation was no longer as
acceptable.

DGB and diakonia are alert and call for a significant increase in
heating costs. Second, the public housing companies to stand in the
social responsibility to offer more affordable housing. It was going
so DGB chairman Doro Zinke in a press release, the housing is not just
a roof over their heads, but also about quality of life: "Where it
comes down to human dignity, we must not let hundreds of thousands in
the city in the lurch." Diakonia Director Susanne Kahl Passoth adds:
"This is how getto similar districts. The entire urban fabric of
society falls into a corrective no longer lopsided. " Currently sits a
Senate internal working group to review the ordinance for the cost of
accommodation, a result is expected shortly.

Saturday, 12 November 2011