Jll düsseldorf residential
an average asking rent.70/m/month but, as in previous years, the rise.2 per cent was relatively ere was a significant rise in rents in Stuttgart, of eight per cent.55/m/month. Another 50 other projects are under construction or in the planning phase. Image mcdonalds darmstadt a5 öffnungszeiten credit: Shutterstock, from its timber-clad townhouses to its concrete, post-war residential blocks, Germany has traditionally been a country of low-rise buildings. The increase in asking prices for condominium apartments across all the cities under review was just under 8 per cent, which is slightly higher than the rise in rental prices.
Of space breaking ground in Q3, well below recent quarterly figures. Jirka Stachen, Associate Director for JLL Research, Germany and author of a recent report on residential towers in the country. Only in Hamburg and Frankfurt was the rise in purchase prices still above the growth in rents. This type of initiative is still a long way off in Berlin. It led the government to rethink long-standing zoning laws in 2016 although exact details on strict zoning laws are yet to be defined. The new wave of residential high-rises have become models for sustainability in line with the countrys strict energy efficiency standards for new buildings and draw on innovative technology. The greatest increase in asking prices for condominium apartments compared to the same period last year was in Berlin, at almost 13 per cent.
At the same time, only 150,000 new homes were built, and the residential vacancy rate has fallen to under two percent, signifying a huge shortage. The median rent in the German capital has risen by a good 80 per cent since 2004.Even the 68 per cent growth seen in Munich is nowhere near this level. Robust growth continues to power demand for space, but competition is cooling as new supply delivers. Since 2011, German cities with over 500,000 inhabitants have grown between 1 percent and 6 percent equating to around 270,000 households. Purchase prices in Berlin and Munich are twice as high as in 2004.
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