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Rents for New Contracts Rise Massively – "Social Explosives"
13 Articles
13 Articles
New studies show an increasing situation of the rental market in large cities. Researchers warn of the consequences of this development for society and the economy.
According to an ifo study, the ever-increasing rental of offers threatens to slow down the economy. For a new and perhaps more suitable job, only those who can afford it will move. Mobility sinks, the researchers warn.
Since 2013, rents for new contracts in large cities have increased by around three quarters. The Ifo Institute also warns of massive consequences for the economy.
According to an Ifo analysis, rents for new contracts in large cities have become more expensive by around three quarters since 2013. The gap to existing rents has increased on average to 48 percent. The development is problematic for the cities.
The Ifo Institute in Munich warns against the consequences of the sharp rise in rents for new contracts in Germany's major cities. This development threatens to become a social explosive.
Economists see an increasing division between existing contracts and new leases in large cities. The high surcharges also harm the economy, they criticise.
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