It’s getting tight financially for students

Dhe financial situation of the almost 3 million students in Germany is getting worse. How from the MLP According to the Student Housing Report 2022, the housing costs in small apartments and shared rooms have recently risen particularly significantly. While the Federal Statistical Office only reports an increase in rents of 1.5 percent in its inflation calculation for August, according to calculations by the financial service provider MLP in cooperation with the German Economic Institute (IW), the pure rental costs for standard student apartments without additional costs have increased by 5 percent within one year .9 percent, in flat shares even by 9.4 percent.

Michael Voigtländer, real estate expert at the IW, attributes this to a significant decline in the supply of shared rooms. “During the Corona period, renting was difficult, many students gave notice of their shared rooms, and some owners switched to renting the entire apartment to couples or families.” In addition, there are not only from students, but also from the elderly a greater demand for small apartments. “But the energy prices are doing the rest,” says Voigtländer. “Apartments with a smaller area and thus lower heating costs are becoming more attractive.”

The rise in rents differs in the 38 student cities surveyed. It is highest in Berlin, where the housing supply was particularly restricted by the rent cap, which was later declared unconstitutional. According to the student housing price index calculated in the study, rents rose by 18.5 percent. But rents in Leipzig, Greifswald and Rostock also increased by around 12 percent within a year. The lowest increase was in Freiburg with around 3 percent.

The most expensive remains both the student model apartment of 30 square meters with a distance of 2.5 kilometers to the university and the 20 square meter room in a shared flat in Munich with 787 euros monthly rent including heating for the small apartment and 540 euros for the shared room. Berlin has advanced to second place for shared rooms and third place for apartments. Student apartments are the cheapest in Chemnitz at around 200 euros. The authors of the study emphasize that the Bafög housing cost rate of 360 euros per month is really sufficient only in Chemnitz and Magdeburg.

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