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Translation:
Germany\'s housing expenses exceed a quarter of their income
According to the Federal Statistical Office, nearly 20 million households in Germany rely on renting. They spend nearly 28% of their income on rent.
The Federal Statistical Office announced that the average rent burden on German renters exceeds a quarter of their income. German households renting primarily will spend an average of 27.8% of their income on rent in 2022.
For the roughly 6.6 million households renting in 2019 or later, the rent burden is particularly high, at 29.5%.
The approximately 2.7 million households that signed leases before 1999 paid an average of 26.8% of their income in rent.
Sebastian Dullien, scientific director of the Macroeconomic and Business Cycle Research Institute (IMK), commented: \"Rental burdens, especially for low-income families and families in big cities, are enormous. This is a warning signal that the share of income that has had to be used for housing costs has continued to rise in recent years.\"
Housing costs are higher in big cities
Statistics show that singles in big cities spend a lot of money on rent. The average rental cost for single households accounts for 32.7% of their income, close to one-third of their income. Two-person households spend less than a quarter of their income on rent, averaging 22.8%.
In cities with populations over 100,000 people, the average rental cost as a percentage of income is 28.9%, while in small cities with populations of up to 20,000, the proportion of rental costs to income is 25.9%. In medium-sized cities with populations of 20,000 to 100,000, the average rent burden is 27.6%.
Rent is a heavy burden for low-income earners
Low-income families are particularly affected by rising rents and inflation. For them, the average rent burden exceeds 40%. Germany has over three million households in this category, accounting for 16% of all renters.
IMK researcher Dullien warns: \"The housing shortage problem in the coming years may worsen.\" \"As a result of rising construction prices and the European Central Bank raising interest rates, residential construction is currently in free fall.\" He says that the demand for housing is increasing due to Russia\'s aggression against Ukraine. Housing shortages are being exacerbated by an increase in the number of people living in Germany in 2023, nearly one million more than before the outbreak of COVID-19.
Note: The above data is based on the preliminary results of the micro-census conducted by the statistical agency in addition to the 2022 housing conditions. Rent refers to net cold rent and operating costs unrelated to use. The rent burden ratio refers to the proportion of total cold rent to net household income.
Comparison of German mortgage loans Comparison of securities investment accounts Comparison of crowdfunding investments
Comparison of personal liability insurance Comparison of legal protection insurance Comparison of home insurance
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发表于 2023-3-31 15:33
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