this post was submitted on 23 Nov 2023
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Europe

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Germany proves that private renting can work better than it does in Britain (www.theguardian.com)
submitted 11 months ago by [email protected] to c/[email protected]
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[โ€“] [email protected] 28 points 11 months ago* (last edited 11 months ago) (5 children)

Germans typically stay far longer in their rented homes

Yeah, partially because you can not find anything new at nearly the same price

, which are cheaper

For those with old contracts, Berlin for example is at 13โ‚ฌ/m^2 for new rentals. With a median household income of 2117โ‚ฌ/month that would be a 54 m^2 appt for one household assuming you spent 1/3 of your income on rent.

(All of that even assuming you can find an appartment at all)

[โ€“] [email protected] 8 points 11 months ago (1 children)

13 euros means a 54 sqm flatwould cost 702 euros cold. That's impossible to find unless you know someone and they directly pass you their contract. The market is pushing closer to 20 sqm. So I'm stuck in my 8 year contract forever.

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