May 4, 2021

Spring Report on the Real Estate Industry

The Spring Report on the Real Estate Industry (Frühjahrsgutachten Immobilienwirtschaft), written by the Council of Real Estate Experts and published by the German Property Federation (Zentraler Immobilien Ausschuss, ZIA), has been published.

Chapter 5 on residential real estate in rural areas was written by Prof. Dr. Harald Simons, CEO of empirica, and Constantin Tielkes and Malte Scharrenberg of empirica. The demarcation between metropolitan and rural areas was derived from the centres of the 14 largest cities with over 500,000 inhabitants on the basis of car travel time. Purchase prices for detached and semi-detached houses and migration balances were compared for different distance areas. Here, empirica regio was able to provide extensive support to the colleagues from empirica in the data preparation and provision of migration matrices with age differentiation.

The analysis shows that migration losses have stopped in rural areas and also at a greater distance from metropolitan areas. With regard to the 30 to under 45-year-olds, the authors already speak of a trend reversal in some regions. The reasons given are the increased housing costs in the metropolises, but also the shortage of skilled workers in rural areas.

The spring report can be downloaded in a complete version, an abridged version (both in German) and an English summary from the website of the German Property Federation (ZIA). Differentiated migration data and other statistics can be found in our empirica regio market studio.

housing market publication 2021
CBRE-empirica-Vacancy-Index 2021

CBRE-empirica-Vacancy-Index 2021

The market-active vacancy rate increased for the first time in 14 years and was at 2.8% or 611,000 units at the end of 2020. This is a change of around 8,000 apartments compared with the previous year.
empirica housing market bubble index Q3/2021: Index continues to rise

empirica housing market bubble index Q3/2021: Index continues to rise

The empirica housing market bubble index rises more strongly in the third quarter of 2021, especially in the completions sub-index, and somewhat less in the multiplier and price-income sub-indices. The overall index rises most strongly in the swarm cities, followed by the growth and shrinking regions.
Housing market data Q3/2021: Falling dynamics on the housing market

Housing market data Q3/2021: Falling dynamics on the housing market

The empirica property price index for Q3 2021 is available just in time for EXPO REAL. The rise in rents in the swarm cities is easing somewhat. In the surrounding regions and some rural areas, on the other hand, rents are rising even more strongly, albeit from a lower starting level. A look at the following map shows the development of the last three years at district level for rents (all construction years).