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.
AIRINC is featured in the February edition of Mobility, a magazine that "examines the key issues affecting the global mobility workforce." This article appears on page 10, the "Tips and Trends" section, and is entitled Housing Markets on the Rise—and Not.
Berlin rents increased over the past year. Demand is growing from new start-up companies and larger international companies establishing headquarters in Berlin. Construction of new rental units is underway but expected to take a few more years before appearing on the market.
This autumn, AIRINC is hosting a Kaffee und Kuchen briefing and an interactive Global Mobility discussion. There will be opportunities to network with your global mobility peers throughout the afternoon.
Upcoming AIRINC event: Assignment types and offerings have greatly expanded beyond the traditional long-term assignment - yet these still remain the most common in the market.