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…
German Government decides rental increase limit and new regulations for real estate agents
Yesterday, on March 5th 2015, the German Bundestag (Lower House of Parliament) has decided two new laws that will effect the rental and housing market in Germany and especially highly competitive markets like Munich, Hamburg, Berlin or Frankfurt. The rental increase limit and what will be the consequences for landlords, tenants and real estate agents The new regulation allows regions…