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Wohnimmobilien in Großstädten: Kaufpreise steigen auch 2014 schneller als Mieten


  • Konstantin A. Kholodilin
  • Boriss Siliverstovs


Since 2010, housing prices in Germany have been growing on average by 6 percent a year. During the same period, the rents have been increasing by 4 percent, which is significantly slower than the housing prices, but substantially faster than the consumer prices. This is one of the results of the DIW Berlin study that examines the housing price dynamics in 71 large German cities. The largest rent increases can be observed in Berlin (8 percent); in Hamburg and Munich the rents have been increasing on average by 4 to 4.5 percent a year. Much lower housing rent growth rates are found in Ruhr area; Gelsenkirchen faced even a 1 percent rent decline. The trend of generally increasing housing prices and rents will continue in the nearest future, too. By the third quarter 2014, the housing prices are expected to go up by 6.5 percent, whereas the rents are predicted to increase by 3.5 percent. Die Kaufpreise für Eigentumswohnungen sind seit Beginn des Jahres 2010 um durchschnittlich sechs Prozent gegenüber dem jeweiligen Vorjahresquartal gestiegen. Die Wachstumsraten der Mietpreise haben mit vier Prozent deutlich weniger zugenommen, liegen aber ebenfalls oberhalb der allgemeinen Teuerungsrate. Das ergibt eine aktuelle Analyse des DIW Berlin, für die die Preisentwicklung im Immobiliensektor in insgesamt 71 deutschen Großstädten untersucht wurde. Die höchsten Mietpreissteigerungen gab es mit rund acht Prozent in Berlin; in Hamburg und München haben die Preise für Wohnraum seit Anfang 2010 um durchschnittlich etwa vier beziehungsweise 4,5 Prozent gegenüber dem Vorjahr zugenommen. Deutlich geringere Zuwachsraten verzeichneten vor allem Städte im Ruhrgebiet; in Gelsenkirchen sanken die Mietpreise sogar um fast ein Prozent. Der Trend insgesamt steigender Immobilienpreise wird sich in naher Zukunft fast unverändert fortsetzen. So dürfte das Kaufpreiswachstum bis zum dritten Quartal 2014 ein wenig anziehen und um etwa 6,5 Prozent steigen, während sich das Mietpreiswachstum leicht verlangsamt und um etwa 3,5 Prozent zulegt.

Suggested Citation

  • Konstantin A. Kholodilin & Boriss Siliverstovs, 2013. "Wohnimmobilien in Großstädten: Kaufpreise steigen auch 2014 schneller als Mieten," DIW Wochenbericht, DIW Berlin, German Institute for Economic Research, vol. 80(49), pages 23-31.
  • Handle: RePEc:diw:diwwob:80-49-3

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    References listed on IDEAS

    1. Xavier Freixas & Jean-Charles Rochet, 2008. "Microeconomics of Banking, 2nd Edition," MIT Press Books, The MIT Press, edition 2, volume 1, number 0262062704, January.
    2. James Tobin, 1963. "Commercial Banks as Creators of 'Money'," Cowles Foundation Discussion Papers 159, Cowles Foundation for Research in Economics, Yale University.
    3. Ulrich Bindseil & Philippine Cour-Thimann & Philipp König, 2012. "Target2 and Cross-border Interbank Payments during the Financial Crisis," CESifo Forum, Ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 13(SPECIALIS), pages 83-92, February.
    4. Jens Klose & Benjamin Weigert, 2012. "Das Verrechnungssystem der Federal Reserve und seine Übertragbarkeit auf den Euroraum," Wirtschaftsdienst, Springer;German National Library of Economics, vol. 92(4), pages 243-250, April.
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    More about this item


    Housing prices; housing rents; forecasting; German cities; chambers. - of commerce and trade;

    JEL classification:

    • C21 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Cross-Sectional Models; Spatial Models; Treatment Effect Models
    • C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models
    • C53 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Forecasting and Prediction Models; Simulation Methods


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