Rent: No city builds more affordable apartments than Hamburg

Rent: No city builds more affordable apartments than Hamburg

Cheap living is obviously best in Hamburg. No other city in Germany is building so many social housing, a new study shows. Overall, however, the proportion of publicly subsidized living space is falling significantly.

Hamburg built 9.9 social housing per 1000 inhabitants between 2011 and 2019. This puts our city at the top of the Federal Republic, followed by Regensburg and Münster on the other “podium places”. This is exactly what the analysis company Bulwiengesa, whose study “Der Spiegel” first reported, did.

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Fewer and fewer social housing, higher and higher rents

26 cities were examined for the evaluation. Leipzig and Dresden performed particularly poorly: There the proportion of social housing fell by a whopping 90 and 89 percent respectively by 2019. Only Mainz (9.6 percent) and Münster (7 percent) reported a higher proportion. Experts predict that there will be less and less subsidized living space in Germany in the coming years.

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Living is becoming more and more expensive. The rents for newly built apartments rose by 3.4 percent in 2020, according to the “Bulwiengesa Real Estate Index 2021”. Existing apartments have also increased in price by 2.3 percent. Since 1990, first-time occupancy has increased by 85.9 percent, and moving into a re-let apartment has increased by as much as 121.6 percent.

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Hamburg continues to invest in social housing

It is all the more important if cities like Hamburg continue to invest in affordable housing. According to the Senate, 3472 subsidized new buildings will have been completed in 2020. More than 2,600 more are to follow in 2021, and even more than 3,000 each in 2022 and 2023. These apartments are reserved for at least 30 years. This enables Hamburg to “stabilize and expand the stock of social housing in the long term,” said Senator for Urban Development and Housing Dorothee Stapelfeldt (SPD).

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