There are nearly two million empty apartments in Germany

There are nearly two million empty apartments in Germany

Nearly two million apartments, mostly in eastern Germany, are empty because of the inability to find tenants. And this happens at a very low rate of rent growth, informs portal ee24.com.

Over the past 8 years the rent has increased by 9.6%, from €6 per square meter in 2005 to €6,5 in 2012.

In many parts of Germany it is almost impossible to find a tenant. In Saxony every tenth apartment is empty. In five eastern federal states there are around 534,000 vacant apartments, accounting for 7% of the total number of apartments. In western Germany, the situation is better: there are only 4% empty apartments.

In total there are 1,700,000 empty apartments in Germany in July 2013.