Residing - Available rent index: Old buildings experience rental hikes
Different from the norm, the median signifies the exact point in the midst when all values have been sorted in a climbing order. Basically, there are equivalent amounts on both the upper and lower side.
For the Rent Mirror 2023, the square meter price remained stable at 7.16 euros net cold. Yet, these two figures can't be easily compared. One cause is the recently implemented Mietspiegelverordnung by the Federation, which mandates a different table layout.
Recently, a simple rent mirror for the capital was released in June of the last year. This edition wasn't constructed through a poll among renters and landlords, making it a makeshift solution. The latest survey as of September 1, 2023 is now viewed as an authentic rent mirror and is based on rental and equipment data for roughly 16,000 residences in the city. It's valid for a two-year timeframe.
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In Berlin, living in old buildings often means dealing with increasing rents due to the SPD's SPD's housing policy. This is evident in the Real Estate market, where prices continue to soar. Due to this trend, many renters find it challenging to afford their old building's rent, which has risen significantly over the years.
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