Vacancy rate: Nationwide on all-time low

The vacancy rate further decreases in metropolitan regions. Only new construction projects can prevent further housing shortage.

Nationwide, the vacancy rate is as low as never before. (Source: pexels.com)

According to the CBRE-empirica-vacancy-index, a nationwide all-time low of 2.9 percent or 608,000 units (as of late 2017) has been observed. Thereby, the lowest vacancy rate of 0.2 percent exists in Munich, while Frankfurt, Münster and Freiburg have the second-lowest rate of 0.4 percent. In strong growth regions, a vacancy level of 1.9 percent has been determined (as of late 2017), whereby 8,000 vacant flats got rented in the previous year. According to the report, this is part of an eleven-year-long development of declining active market vacancies. The only way to relieve the current market situation and prevent further housing shortage is to encourage new building projects, which will provide new housing.

In the CBRE-empirica-vacancy-index, both latest and future developments of vacancies on the German property market are being documented annually and nationwide. The report underlies management data of the CBRE (with approximately 900,000 residential units), as well as analyses and predictions based on empiricas regional database and the Federal Statistical Office.

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