2022

With Q3/2022, the indices for owner-occupied flats as well as one- and two-family houses declined on average nationwide for the first time since 2013. In Q4/2022, this new trend continues, with observed purchase prices now falling both in new construction and across all construction years, and in many regions in Germany.

A look at migration within Germany shows: The basic trends were indicated years ago. While the big cities are losing more and more in internal migration, the districts and small urban districts in Germany are gaining more and more. Another turning point could be immigration due to the war in Ukraine.

According to the CBRE-empirica-Vacancy-Index, the market-active vacancy rate - i.e. flats that can be let immediately or activated in the medium term - was 2.8 percent or around 607,000 units at the end of 2021. This means that the vacancy rate has reduced by about 4 thousand units compared to the previous year.

The top 7 cities in Germany show shrinking tendencies. In 2021, most metropolises again recorded negative net migration. This continues the shrinking trend of the past years. This is shown by figures from the economic and real estate data provider empirica regio.

In the observation of advertised purchase prices, Q3/2022 saw a break in the trend that had already become apparent in Q2. On a nationwide average across all properties, the indices of owner-occupied flats and one- and two-family houses recorded a decline for the first time since 2013.

empirica regio has aggregated, adjusted and analysed property tax data from the federal states and the federal government. The data are always published by the statistical offices with a delay of approximately one year.

With growth of 1.1 % compared to the previous quarter, purchase prices for owner-occupied flats rose less strongly than rents (+2.0 %) for the first time in a long time. Purchase prices for one- and two-family houses rose by 2.5 % compared to the last quarter.

Singles and large families pay the highest rents per square metre in Germany. This is the key finding of a recent analysis by empirica regio GmbH. Especially in the large cities and major cities, the so-called A-cities, families have to spend more than others on rent.

In a recent post on LinkedIn, CEO Jan Grade shows how important high-quality and reputable framework data is for decision-making processes.

The surrounding areas of Germany’s A-cities are becoming increasingly important as places to work, this is the result of an analysis by empirica regio GmbH. We have examined the commuter balances, commuter rates and commuter links of the German metropolises and their surrounding areas.

We have written this sentence in this or similar form many times in recent quarters: The indices for the rental, owner-occupied flat and one- and two-family house sub-segments continued to rise in Q1/2022. The relative increase in advertised rents, at 1.2% compared to the last quarter, continued to lag well behind the development of purchase prices. Prices for owner-occupied flats rose by 2.4% compared to Q4, prices for one- and two-family houses even by 3.1% compared to the last quarter.

Ever since Tesla chose Grünheide as the site for its fourth Gigafactory, it has been clear: the previously little-noticed region around the little speck-belt town of 8,000 inhabitants in the east of Berlin is now seen as one that will be boosted and transformed in many ways. Grünheide’s mayor described the Tesla settlement as “winning the lottery”.

The updated empirica housing market forecast on new construction demand is now available regionally differentiated for flats in single and two-family houses as well as flats in multi-family houses. Depending on the scenario, between 233,000 and 253,000 additional flats will be needed in the short term.

The economic and real estate data provider empirica regio GmbH has determined the per capita residential space consumption of all German municipalities with 400 or more inhabitants. Almost 9,000 municipalities and 107 urban districts were analysed. The results show that popular holiday destinations in particular consume a lot of living space per inhabitant, but people in rural regions also have a particularly large amount of living space at their disposal. In the German metropolitan areas, on the other hand, people are moving closer together and living on less living space.

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