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Building permits in Bavaria are increasing – but rents remain unaffordable!
In Bavaria, building permits rose by over 13% in 2023, while large cities are struggling with concerns about affordable housing.
Building permits in Bavaria are increasing – but rents remain unaffordable!
What is happening in Bavaria regarding housing construction? There was good news in the first nine months of 2023: building permits for apartments increased compared to the same period last year. Over 41,000 permits were issued between January and September, an increase of more than 13 percent, or around 4,800 homes. This positive development was viewed as encouraging by the Bavarian Construction Minister Christian Bernreiter (CSU). BR.de reports that there is an increase in permits, particularly in rural regions.
However, a big question mark remains regarding the affordable housing that is urgently needed there. The German Tenants' Association (DMB) expresses skepticism and emphasizes that no positive developments can be seen, especially in metropolitan areas with tense rental markets. In several major Bavarian cities, including Munich, Nuremberg and Augsburg, approvals have even fallen by 3.6 percent. This could indicate that pressure on the housing market in these cities remains high.
Regional differences
A look at the map shows big differences in the number of approvals. While there are significant increases in Upper, Middle and Lower Franconia as well as in Lower Bavaria and Upper Palatinate, the situation is different in Upper Bavaria and Swabia: permits are declining here. The increase in dormitories is particularly noticeable, especially for students and refugees.
In view of the future-oriented view, the Association of Bavarian Housing Companies reports that there is a lack of around 200,000 affordable rental apartments in the Free State. This suggests that there is still a lot to be done to improve housing conditions and, in particular, to help tenants in urban areas.
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In the meantime, the question of the future of the housing market remains a pressing issue, not only in Bavaria, but everywhere where affordable housing is a rare commodity. This makes developments in the next few months all the more exciting. If you look at the current trends, it's clear: there's something in the air!