What affects the rent in Germany?

Number of students

According to the statistics from IW, most surveyed cities saw a rise in its number of students during the period between 2010/11 and 2017/18.

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Source: https://www.iwkoeln.de/fileadmin/userupload/Studien/Report/PDF/2018/IW-Report2018-36_Studentenwohnpreisindex.pdf

Cities

Like any other countries in the world, the rent varies depending on each city. The rent in big German cities like Munich, Frankfurt am Main, Hamburg, Berlin etc. always top the list of high renting fees.

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Dormitories

Student housing prices also depend on the availability of dormitories.

In big cities with great number of international students like Hamburg, Berlin, and Bremen, it’s getting more difficult for students to have a slot in dormitory. In fact, only around six percent of students can move into a dormitory.

The availability of housing options

More housing options provide students with more flexibility and more importantly, it helps to keep the rent affordable. The supply must be able to keep up with the increase in demands for housing. Otherwise, the rent will rise up quite fast.

The average income of people

The higher disposable income people have, the higher percentage of their income can be spent on rent, food, entertainment, etc. As people are able to spend more on houses, it will push up price and rent. That’s why German cities with high average income usually have higher rent than their lower income earning counterparts.

Statistics

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  • Light blue: the first half of 2010
  • Dark blue: the first half of 2018
  • Purple: Changes from 2010 to 2018
  • Title: The significant rise in renting fees for students
  • Subtitle: hypothetical monthly rent payments for a student apartment

A student apartment refers to a 30-Quadra-meter apartment, which is 1.5 km far from university and was built in 1995. This rent also includes additional costs like electricity, heater cost, internet etc. The rent including additional costs is typically called “Warmmiete” in German.

Source: https://de.statista.com/infografik/15743/mietkosten-fuer-studenten/

So, if you are planning to study in Germany and are not sure about in which city you will live, you can take around 400 Euro as the rent budget.

After reading this article, what do you think about the renting fees in Germany? In case you are wondering how to rent an apartment and which you should pay attention to while looking for a room, read another article of EDUBAO:

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