Berlin overtakes Stuttgart: rental prices continue to rise in the surrounding area

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The rental prices in Germany continue to rise, especially in metropolises such as Berlin, which is now the third -tax city for existing apartments. According to the Immoscout24 living barometer Q3 2024, demand grows by 12 % and drives the cold rent and additional costs. Find out more about the current trends on the rental market and developments in the most important cities.
The rental prices in Germany continue to rise, especially in metropolises such as Berlin, which is now the third -tax city for existing apartments. According to the Immoscout24 living barometer Q3 2024, demand grows by 12 % and drives the cold rent and additional costs. Find out more about the current trends on the rental market and developments in the most important cities. (Symbolbild/MB)

Exploding rental prices in the pulsating metropolis of Berlin! The current real estate market analysis of Immoscout24 shows: Berlin is now the third -party city in Germany for existing rental apartments and leaves cities like Stuttgart and Cologne behind. A real shock for those seeking apartments!

The data from the living barometer Q3 2024 are alarming: the demand on the rental market not only attracts within the capital, but also extends to the surrounding area of ​​the metropolises. This rains the rents up! Hardly any urban area is spared from this boom. While Munich and Stuttgart take a short breather, the big rental high breaks out in Berlin! The cold rent increases and even the additional costs - which make up to 25 percent of the total rent - add additional to the tenants.

Berlin trumps the competition!

A look at the numbers shows that rents in Berlin are now an average of an incredible 14.19 euros per square meter and thus even exceed the average prices in Cologne and Stuttgart. "Nowhere is it as clear as in Berlin," says Gesa Crockford from Immoscout24. This is not good news for all those who are looking for a home in the capital. The competition for the best apartments has worsened dramatically, especially in smaller large and medium-sized towns.

General rental prices in Germany experienced an increase of 3.2 percent in the third quarter of 2024 in the year. Rents are particularly steep in large cities: Berlin recorded an inflation of 9.6 percent, while Frankfurt writes a similar story with 9.5 percent. Here it becomes clear: the tenant has to adjust to dramatic changes!

New building rental: The price presser!

The situation is still tightened by the new construction rents, which climbed by 1.2 percent to an average of EUR 12.37 per square meter. Berlin leads the list with an increase of 3.3 percent and has reached the sensational brand of over 20 euros per square meter. Even if there are extraordinary increases in cities like Leipzig (+3.6 percent), Berlin remains the epicenter of rental price increases.

These developments are not just numbers on a sheet, they are radical developments that influence the life of millions of people in the cities. The time to recognize the full scope of this situation is now. In view of such a price explosion, it is an enormous challenge for tenants and seekers. If you don't act now, you could stay on the track soon!

The future -based inflations in the rental price show once again that the search for an affordable apartment in Germany's metropolises is a race against time. The Swiss chocolate variety also counts as craftsmanship, but in Berlin the search for an apartment is purest high -performance sport!

be warned - the rental market remains tense and only the cleverly will find the right apartment!