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    3. New Figures Show: Rents Eat Up More and More of Income Photo: immobilienscout.de

      New Figures Show: Rents Eat Up More and More of Income

      By  Tuesday, 9.8.2016, 16:38    News

      The only positive news for someone looking to rent an apartment in the Bavarian capital is that there are almost weekly announcements about new locations where hundreds and sometimes thousands of new apartments are planned to be built. There are also weekly news about rents in Munich going higher and higher. Today, August 9, 2016 tz.de commented on a study published by real estate portal immobilienscout24.de, which came to the conclusion that rent in Germany’s biggest cities eats up a higher share of the income than a few years ago. The table below shows the percentage of income used to pay for rent in the years 2012 and compares to the percentage for 2015 for each of the districts of Munich.

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      District Percentage of income used for rent 2012 Percentage of income used for rent 2015 Change Buying Power 2015
      Au 33,6 % 38,3 % + 4,7 42?444
      Ludwigsvorstadt–Isarvorstadt 34,2 % 38,0 % + 3,8 42?930
      Maxvorstadt 34,2 % 37,5 % + 3,3 42?941
      Haidhausen 33,1 % 36,9 % + 3,8 43?800
      Schwabing-West 32,1 % 36,1 % + 4,0 46?382
      Altstadt 34,5 % 36,0 % + 1,5 42?841
      Lehel 32,9 % 35,7 % + 2,8 49?622
      Thalkirchen 29,6 % 34,6 % + 5,0 44?299
      Schwanthalerh?he 30,7 % 34,6 % + 3,9 42?598
      Schwabing 29,4 % 33,1 % + 3,7 50?665
      Neuhausen 29,0 % 32,6 % + 3,6 47?233
      Sendling 29,2 % 32,4 % + 3,2 44?423
      Untergiesing 26,9 % 30,6 % + 3,7 47?663
      Obergiesing 27,2 % 30,4 % + 3,2 45?323
      Laim 26,9 % 30,1 % + 3,2 46?489
      Milbertshofen 26,5 % 30,1 % + 3,6 47?355
      Ramersdorf 26,0 % 29,4 % + 3,4 46?192
      Obersendling 25,3 % 28,6 % + 3,3 49?081
      Sendling-Westpark 25,3 % 28,1 % + 2,8 48?761
      Nymphenburg 24,0 % 27,8 % + 3,8 56?989
      Berg am Laim 25,0 % 27,7 % + 2,7 47?656
      Harlaching 23,8 % 27,4 % + 3,6 62?796
      Moosach 23,9 % 27,0 % + 3,1 51?012
      Pasing 23,4 % 26,7 % + 3,3 52?938
      Bogenhausen 23,5 % 26,7 % + 3,2 55?698
      Am Hart 23,7 % 25,8 % + 2,1 51?644
      Freimann 22,7 % 25,6 % + 2,9 54?888
      Solln 22,0 % 25,1 % + 3,1 61?326
      Hadern 21,4 % 24,3 % + 2,9 58?412
      Forstenried 21,6 % 24,2 % + 2,6 58?197
      Perlach 21,3 % 23,9 % + 2,6 55?562
      Obermenzing 20,4 % 23,3 % + 2,9 63?854
      Fürstenried 21,0 % 23,3 % + 2,3 57?160
      Trudering 20,0 % 22,7 % + 2,7 62?468
      Untermenzing 19,7 % 22,4 % + 2,7 62?253
      Feldmoching 19,5 % 22,3 % + 2,8 60?292
      Aubing 19,7 % 22,1 % + 2,4 57?683
      Hasenbergl 19,0 % 21,7 % + 2,7 56?657
      Allach 18,8 % 21,6 % + 2,8 61?227
      Lochhausen 17,4 % 19,7 % + 2,3 67?149
      Riem 16,6 % 18,7 % + 2,1 68?063
      ? ? ? ? ?

      Source: immobilienscout.de

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      Gunther Braun

      Born in northern Germany, Günther?moved to Bavaria at an early age, falling in love with Munich and its magical mountains and lakes to the south.?

      A keen hiker and computer programmer by profession, Günther is keen to make the world of Munich more accessible to the English-speaking world. You can contact him on [email protected]?

      Email This email address is being protected from spambots. You need JavaScript enabled to view it.
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