Due to limited supply, rents have risen steadily despite a brief slump at the beginning of the COVID-19 pandemic. Supply is not expected to increase significantly until 2022 at the earliest. Demand for rentals in smaller towns outside of Cologne increased over the past year in response to rising rents and low supply in the city center.
When I joined AIRINC in December 2018, I started in our London office and had been living in the U.K. for 15 years at the time. I’m half German, half Indian, but grew up in Germany and went to school and university there with an Erasmus year in Paris, which to this day remains my favourite city in the world.