The only positive news for someone looking to rent an apartment in the Bavarian capital is that there are almost weekly announcements about new locations where hundreds and sometimes thousands of new apartments are planned to be built. There are also weekly news about rents in Munich going higher and higher. Today, August 9, 2016 tz.de commented on a study published by real estate portal immobilienscout24.de, which came to the conclusion that rent in Germany’s biggest cities eats up a higher share of the income than a few years ago. The table below shows the percentage of income used to pay for rent in the years 2012 and compares to the percentage for 2015 for each of the districts of Munich.
District | Percentage of income used for rent 2012 | Percentage of income used for rent 2015 | Change | Buying Power 2015 |
Au | 33,6 % | 38,3 % | + 4,7 | 42 444 |
Ludwigsvorstadt–Isarvorstadt | 34,2 % | 38,0 % | + 3,8 | 42 930 |
Maxvorstadt | 34,2 % | 37,5 % | + 3,3 | 42 941 |
Haidhausen | 33,1 % | 36,9 % | + 3,8 | 43 800 |
Schwabing-West | 32,1 % | 36,1 % | + 4,0 | 46 382 |
Altstadt | 34,5 % | 36,0 % | + 1,5 | 42 841 |
Lehel | 32,9 % | 35,7 % | + 2,8 | 49 622 |
Thalkirchen | 29,6 % | 34,6 % | + 5,0 | 44 299 |
Schwanthalerhöhe | 30,7 % | 34,6 % | + 3,9 | 42 598 |
Schwabing | 29,4 % | 33,1 % | + 3,7 | 50 665 |
Neuhausen | 29,0 % | 32,6 % | + 3,6 | 47 233 |
Sendling | 29,2 % | 32,4 % | + 3,2 | 44 423 |
Untergiesing | 26,9 % | 30,6 % | + 3,7 | 47 663 |
Obergiesing | 27,2 % | 30,4 % | + 3,2 | 45 323 |
Laim | 26,9 % | 30,1 % | + 3,2 | 46 489 |
Milbertshofen | 26,5 % | 30,1 % | + 3,6 | 47 355 |
Ramersdorf | 26,0 % | 29,4 % | + 3,4 | 46 192 |
Obersendling | 25,3 % | 28,6 % | + 3,3 | 49 081 |
Sendling-Westpark | 25,3 % | 28,1 % | + 2,8 | 48 761 |
Nymphenburg | 24,0 % | 27,8 % | + 3,8 | 56 989 |
Berg am Laim | 25,0 % | 27,7 % | + 2,7 | 47 656 |
Harlaching | 23,8 % | 27,4 % | + 3,6 | 62 796 |
Moosach | 23,9 % | 27,0 % | + 3,1 | 51 012 |
Pasing | 23,4 % | 26,7 % | + 3,3 | 52 938 |
Bogenhausen | 23,5 % | 26,7 % | + 3,2 | 55 698 |
Am Hart | 23,7 % | 25,8 % | + 2,1 | 51 644 |
Freimann | 22,7 % | 25,6 % | + 2,9 | 54 888 |
Solln | 22,0 % | 25,1 % | + 3,1 | 61 326 |
Hadern | 21,4 % | 24,3 % | + 2,9 | 58 412 |
Forstenried | 21,6 % | 24,2 % | + 2,6 | 58 197 |
Perlach | 21,3 % | 23,9 % | + 2,6 | 55 562 |
Obermenzing | 20,4 % | 23,3 % | + 2,9 | 63 854 |
Fürstenried | 21,0 % | 23,3 % | + 2,3 | 57 160 |
Trudering | 20,0 % | 22,7 % | + 2,7 | 62 468 |
Untermenzing | 19,7 % | 22,4 % | + 2,7 | 62 253 |
Feldmoching | 19,5 % | 22,3 % | + 2,8 | 60 292 |
Aubing | 19,7 % | 22,1 % | + 2,4 | 57 683 |
Hasenbergl | 19,0 % | 21,7 % | + 2,7 | 56 657 |
Allach | 18,8 % | 21,6 % | + 2,8 | 61 227 |
Lochhausen | 17,4 % | 19,7 % | + 2,3 | 67 149 |
Riem | 16,6 % | 18,7 % | + 2,1 | 68 063 |
Source: immobilienscout.de