Today’s article is about the housing market of the second largest city in Bavaria – Nuremberg. Together with its neighboring towns Fürth, Erlangen, Schwabach and the bordering communities, more than 1.3 million people live in the metropolitan area of Nuremberg. Among them are also numerous expats. And Nuremberg’s population is growing rapidly. With an increase of 6% between 2010 and…
Rental market Frankfurt – Housing Markets in Germany Part 2
The second part of our series about the housing markets in Germany is dedicated to the rental market Frankfurt am Main. The city of skyscrapers, banks, the ECB and the stock exchange is considered to be the financial capital of Germany. There are also attractions such as the important traffic junction Frankfurt Airport and the exhibition center. Thus, Frankfurt is…
Update on Munich’s Housing Market
In order to reform the German tenancy law, on June 1st 2015 the government decided to introduce two major changes to the housing market: Bestellerprinzip (“client-pays-agent principle”) and Mietpreisbremse (literally “rental brake”). The first one indicates that the person who appoints an estate agent has to pay the agent’s commission. In most cases, that would be the landlord. The Mietpreisbremse…