BerlinBoschDarmstadtFrankfurtFreiburgGermanyHamburgMercedes BenzMunichRental Prices in GermanySiemensStuttgart
The House that Hans built: The most expensive Cities for Real Estate in Germany
Okay, so the title is a bit of a misnomer. Fact is, the majority of Germans don't even own property, let alone houses. In addition, studies suggest that Germans spend one quarter of their income on rent, which is still affordable in most parts of the country. The Germans' thinking is: As long as there is still money left at the end of the month for luxuries like travel, why invest in a home if renting doesn't break the bank? In the end, it comes down to life choices, among them where you live. Do people need to live in the city? Do people need to live in a big city, as in Berlin or Hamburg? According to the statistics website Statista, these are the five most expensive cities in Germany for paying rent. Some of these (actually smaller) cities might surprise you.
5. Freiburg
If you think those handcrafted coo-coo houses in the Black Forest demand a chunk of change, wait until you've seen the rent prices in Freiburg, the area's most prominent city. One square meter goes for 12.35 Euros, which edges out rental prices in Berlin and Hamburg, Germany's two biggest cities that didn't even make the list. Freiburg, of course, enjoys an excellent location near the Rhein river and is within short driving distance to both France and Switzerland.
4. Darmstadt
Four of the TOP 10 cities on the list are, not surprisingly, in the greater Frankfurt metro region. Expect these prices to go up after Brexit, if they haven't already. Darmstadt, located south of Frankfurt, is within easy driving distance of the city and is an integral part of the area's rail system so that a car isn't even necessary to get around. Add to the fact that Darmstadt is very close to states Bavaria and Bade-Württemberg, then you realize that city dwellers here have all sorts of options for commuting. The square meter in Darmstadt goes for 12.39 €, good enough for 4th place in Germany. How do you like Berlin now?
3. Stuttgart
This comes as no surprise to anyone. Stuttgart is one of the economic powerhouses in Europe with automobile giants like Mercedes Benz and Porsche or the engineering juggernaut Bosch. Incomes are generally higher in Stuttgart, and so is the rent. 13.97 € is what the square meter goes for here, highest in the state of Baden-Württemberg and third highest in Germany.
2. Frankfurt
After Brexit, I believe it is safe to say that Frankfurt will challenge for the top spot in Germany. If Darmstadt is ranked fourth, it was only logical that the city of Frankfurt/Main itself was not going to be usurped by anyone in the state of Hessen, let alone the metro region itself. Long known as a banking center with possibly the most central location in the world (to say nothing of the continent and the country), Frankfurt also boasts a high quality of life that can be appreciated by families and singles alike. The square meter here costs 14.20 €.
And...drumroll...TOP DOG for Germany is...
1. Munich
Not only are the five most expensive cities by rental prices all in the south of the country, but number one goes to the biggest city in Southern Germany: Munich, or Minga, as the locals call it. Munich has well-established corporations like Allianz, BMW and Siemens, which still receive a ridiculously disproportionate amount of job applications in Germany. Munich is the perfect mix of 21st century meets 18th century, in addition to having one of the best airports in the world. All of these factors add up, in this case to a whopping 17.98 € per square meter.
5. Freiburg
If you think those handcrafted coo-coo houses in the Black Forest demand a chunk of change, wait until you've seen the rent prices in Freiburg, the area's most prominent city. One square meter goes for 12.35 Euros, which edges out rental prices in Berlin and Hamburg, Germany's two biggest cities that didn't even make the list. Freiburg, of course, enjoys an excellent location near the Rhein river and is within short driving distance to both France and Switzerland.
4. Darmstadt
Four of the TOP 10 cities on the list are, not surprisingly, in the greater Frankfurt metro region. Expect these prices to go up after Brexit, if they haven't already. Darmstadt, located south of Frankfurt, is within easy driving distance of the city and is an integral part of the area's rail system so that a car isn't even necessary to get around. Add to the fact that Darmstadt is very close to states Bavaria and Bade-Württemberg, then you realize that city dwellers here have all sorts of options for commuting. The square meter in Darmstadt goes for 12.39 €, good enough for 4th place in Germany. How do you like Berlin now?
3. Stuttgart
This comes as no surprise to anyone. Stuttgart is one of the economic powerhouses in Europe with automobile giants like Mercedes Benz and Porsche or the engineering juggernaut Bosch. Incomes are generally higher in Stuttgart, and so is the rent. 13.97 € is what the square meter goes for here, highest in the state of Baden-Württemberg and third highest in Germany.
2. Frankfurt
After Brexit, I believe it is safe to say that Frankfurt will challenge for the top spot in Germany. If Darmstadt is ranked fourth, it was only logical that the city of Frankfurt/Main itself was not going to be usurped by anyone in the state of Hessen, let alone the metro region itself. Long known as a banking center with possibly the most central location in the world (to say nothing of the continent and the country), Frankfurt also boasts a high quality of life that can be appreciated by families and singles alike. The square meter here costs 14.20 €.
And...drumroll...TOP DOG for Germany is...
1. Munich
Not only are the five most expensive cities by rental prices all in the south of the country, but number one goes to the biggest city in Southern Germany: Munich, or Minga, as the locals call it. Munich has well-established corporations like Allianz, BMW and Siemens, which still receive a ridiculously disproportionate amount of job applications in Germany. Munich is the perfect mix of 21st century meets 18th century, in addition to having one of the best airports in the world. All of these factors add up, in this case to a whopping 17.98 € per square meter.
0 comments