real estate
Nuremberg (ots)
An analysis of rent including heating and heating costs for an exemplary 90 square meter rental apartment in the 14 largest cities by immowelt shows:
- Over 100 euros per month: highest heating costs in Munich (117 euros) and Dresden (108 euros)
- 99 euros monthly costs for heating in Berlin, Frankfurt, Hamburg, Leipzig and Nuremberg
- Additional payments likely: Prices for gas (+8 percent), heating oil (+31 percent) and district heating (+6 percent) have already risen in 2021
- Because of the Ukraine war, a doubling of energy prices is possible
The dynamics of rents without taxes in major German cities have weakened noticeably of late, but many tenants still have to reckon with an increase in their housing costs. Because gas and oil have become enormously expensive, the ancillary costs will rise. Residents of a family-friendly 90 square meter apartment already have to spend an average of up to 117 euros per month just for heating. This is shown by an analysis by immowelt of rents including heating in 2021 in the 14 largest cities. The median asking rents, including ancillary costs, were examined for an example apartment with 90 square meters.
Highest heating cost burden in Munich and Dresden
The residents of Munich have to dig deep into their wallets for a warm apartment: the median heating costs are 117 euros for 90 square meters – the rent including heating therefore amounts to 1,764 euros. In Dresden, 108 euros in heating costs are due. This is the second highest value in the study. Due to the significantly lower basic rent, the total costs of 801 euros are significantly lower than in the Bavarian state capital.
In most cities, families who have rented a 90 square meter apartment have to reckon with monthly heating costs of 99 euros. This is the case in Frankfurt am Main, Hamburg, Berlin, Nuremberg and Leipzig. In Cologne, Stuttgart, Bremen, Dortmund or Essen, the heating costs for apartments of the same size are 90 euros. In comparison, tenants in Düsseldorf and Hanover heat the heating cheapest, where a median of 72 euros is currently billed for heating costs.
Tenants have to reckon with additional payments and increased ancillary costs
In practice, increased fuel prices are only reflected in ancillary costs with a delay. Because they are made as an advance payment to the landlord, the ancillary costs are only adjusted after the year-end statement, unless a direct contract with a gas supplier is necessary, as is the case with gas heating. One thing is already clear: many tenants have an additional payment to make in 2021. According to the Federal Statistical Office, the gas price for end consumers in Germany rose by 8 percent between January and December 2021, heating oil rose by 31 percent and district heating by 6 percent.
Scenario: Doubling of energy prices leads to average heating costs of up to 234 euros per month
Now, in 2022, the Ukraine war has pushed oil and gas prices even higher. Experts even consider a doubling in the coming months to be possible. Should this level be maintained in the long term, it would also make rents including heating more expensive. In this scenario, the total monthly rent for 90 square meters in Munich would climb from EUR 1,764 to EUR 1,881, of which EUR 234 would be the monthly heating budget alone. In a city that already has high basic rents, this would correspond to an increase in total housing costs of 7 percent.
Rents including rent would also increase by 7 percent in already high-priced cities such as Stuttgart (EUR 1,431) and Cologne (EUR 1,359). An increase of 8 percent would result for Frankfurt am Main (EUR 1,395) and Hamburg (EUR 1,314). In all cities, renters for 90 square meters would have to reckon with around 100 euros more in housing costs on average.
In this scenario, Berlin would climb above the EUR 1,000 mark: 90 square meters would then cost a median total rent of EUR 1,017. That would even correspond to an increase of 11 percent if heating costs amount to 198 euros per month.
Detailed tables of results are available for download here.
An infographic can be downloaded here.
Calculation basis:
The data used to calculate the rent including heating and heating costs were advertised on immowelt.de for apartments with 60 to 120 square meters (existing stock without new construction), which were offered on immowelt.de in 2021. Only offers that were increasingly in demand were considered. Objects heated by oil, gas or district heating were taken into account. The prices reflect the median for an exemplary apartment with 90 square meters in the 14 largest German cities. The median is the middle value of the prices.
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Original content from: immowelt, transmitted by news aktuell
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