Düsseldorf might be as rate-sensitive
The market in Düsseldorf might be as rate-sensitive as its Hamburg
counterpart. Since 2009, the population has grown “only” 5%. And other
demand drivers were less dynamic than in other German cities, too. Price
and rent growth have tended to be (below the) average. Nevertheless,
prices and rents look set to rise again in 2018.
Stuttgart’s population is slow to grow. Since 2009, it has risen only about
6%. The city’s location in a basin restricts construction activity in the long
term. Still, its excellent economic structure and dynamic labour market are
driving prices upwards. Prices for existing apartments have risen more than
100% since 2009 and 14% in 2017 alone. Rents for re-let apartments have
risen 63% since 2009 and c. 12% in 2017. As the labour market boom is
likely to continue, demand and, consequently, prices and rents will probably
rise further in the coming years.
EU Forecast
euf:ba.18.j:147/nws-01