Refugees from Ukraine: up to 600,000 additional households on the German housing market
- Around 1.1 million people with Ukrainian citizenship were living in Germany at the end of September.
- Highest immigration rates in March, April and May with up to 375,000 people per month.
- Mostly underage and well-educated people come.
Housing market data Q3/2022: Rents rise more strongly, purchase prices fall
With Q3/2022, the indices for condominiums as well as detached and semi-detached houses declined on average nationwide for the first time since 2013. In Q4/2022, this new trend continues, with observed purchase prices now falling both in new construction and across all construction years, and in many regions in Germany.
Families are drawn further into the suburbs
A look at migration within Germany shows: The basic trends were indicated years ago. While the big cities are losing more and more in internal migration, the districts and small independent cities in Germany are gaining more and more. Another turning point could be immigration due to the war in Ukraine.
According to the CBRE-empirica Vacancy Index, the market-active vacancy rate - i.e. flats that can be let immediately or activated in the medium term - was 2.8 percent or around 607,000 units at the end of 2021. This means that the vacancy rate has reduced by about 4 thousand units compared to the previous year.