It costs € 680 on average for a room in a shared flat! Munich is now even more expensive after Corona.
The most expensive city in Germany: A dream of a city, but a nightmare for students looking for a flatshare. A room in a shared apartment in Munich costs 680 euros on average! This makes the Isar metropolis the nationwide cost leader. Before the pandemic, it was 650 euros. Now it’s 30 euros more – per month!
Corona made Munich the most expensive city for students and Expats
On average, students have to reckon with 414 euros in housing costs. This was the result of an evaluation of current housing offers in 97 university towns, which the Moses Mendelssohn Institute carried out in cooperation with the real estate portal ‘WG-gesucht.de’.
After two years of “corona stagnation” sharp increase in Housing costs for students are recognizable – more significant price jump are expected in 2022
- Average housing costs increase to 414 euros at the end of the current winter semester
- Pandemic special situation with relocations that have been postponed so far and longer study periods
- further price increases can be expected
- Highest shared rents in Munich at EUR 680 – followed by Frankfurt, Berlin, and Hamburg
- Despite the continued number of online lectures in some cases, students still want to be at the university location
- set up and use the shortest possible routes in times of a pandemic
- Tightening for student housing market and rising inflation rate
- Ancillary housing costs exacerbate the problem
A significant wave of prices increases for students
The current significant price increase affects metropolises, classic university towns, and many smaller towns. “So this is a broad and strong trend,” says Dr. Stefan Brauckmann, Managing Director at the Moses Mendelssohn Institute (MMI). “There are many indications that this is just the beginning of a significant wave of price increases in student housing, reinforced by rising energy prices, which are having a disproportionate effect here,” says Dr. Brauckman.
In the next few months, the run on the student accommodation will intensify. The expert expects a significant price increase for shared rooms from the summer semester, and then again in September.
Sustained demand for student accommodation in the most expensive city since 2021
The starting point for the new development was last autumn. Many students only decided at the start of the winter semester that they wanted their own place to live at the university. “Usually August and early September are the prime time for signing deals. Because of the uncertainties surrounding the pandemic, there were only comparatively few signatures from new tenants in 2021, as in the year before,” says Anja Bachmann. This cumulative last-minute effect had an impact on the prices for shared student accommodation.
This is also shown by the analysis from WG-Gesucht.de on the placement of rented apartments and shared rooms. “Since October, an increase in demand of up to 21 percent has met an unchanged limited supply within a very short time,” says Annegret Mülbaier from WG-Gesucht.de.
Many events and learning groups are increasingly taking place in person again. In addition, many students have to attend face-to-face and online appointments over the course of a day, so that apartments close to the university are particularly in demand.
The price increase observed by the MMI since the first Germany-wide survey totaled 90 euros. This corresponds to 27.8 percent. These values are significantly higher than the “housing” rate of 8.5 percent in the period from 2013 to 2021.
According to the analysis, four out of five students are hit particularly hard by the high housing costs. A total of 2.2 million students are enrolled in university locations where the average cost of a room is already above the BAföG flat-rate housing allowance of 325 euros. “There is an urgent need to remedy this with more affordable offers and tailor-made support for young people. Otherwise, the parental income decides even more than before on the university location and future employment prospects,” demands Dr. Brauckman.
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