Demand for housing in Germany rises

Posted on 31-03-2021 by D. Voesenek

De coronapandemie en de huidige marktsituatie hebben in Duitsland geleid tot een toenemende vraag naar woningen. Uit gegevens van het Duitse vastgoedplatform Immoscout24 blijkt dat in februari 2021 maar liefst 33 procent meer contactaanvragen waren voor grondgebonden woningen dan in februari 2020. Het aantal contactaanvragen voor appartementen steeg met 34 procent.

Immoscout24 is the largest real estate platform for home buyers and sellers in Germany. The platform is similar to Funda in the Netherlands.

Strong interest in flats with large living areas

Contact requests to Immoscout24 show that demand for flats has risen sharply in Germany's seven largest cities. Strong regional differences are thereby observed between the cities and the surrounding municipalities. The overview below shows the increases from February 2020 to February 2021 by city and surrounding municipalities.

While applications for flats in Frankfurt am Main in February 2021 were only slightly above last year's level with a 1 per cent increase, for cities like Berlin 38 per cent and Hamburg 36 per cent more applications for flats were received. In the peripheral municipalities, the increase varied widely. For instance, a minimum increase of 14 per cent was observed in Frankfurt am Main and a maximum increase of 70 per cent in Cologne.

In January 2021, 133 per cent more applications were received for flats of more than 150 square metres than over the same period a year earlier. In February 2021, this increase was 129 per cent and in December 2020 it was 65 per cent. Demand for flats with an area of 100 to 150 square metres also increased by 65 per cent from a year earlier. Demand for flats with an area of less than 100 square metres increased by 25 per cent year-on-year.

Flats with balconies or associated gardens are mainly in high demand. Between December 2020 and February 2021, demand for flats with balconies increased by an average of 29 per cent compared to the previous year. During the same period, there was more demand for flats with gardens on ImmoScout24, with a 31 per cent increase.

Increasing demand for ground-level homes

For ground-level homes in Berlin, Hamburg, Munich and Düsseldorf, applications for peripheral municipalities rose more sharply than in the cities. By contrast, in Frankfurt am Main, Cologne and Stuttgart, ground-connected houses in the big cities were more popular. The overview below shows the increases from February 2020 to February 2021 by city and surrounding municipalities.