New data from the 2022 census reveals a surprising statistic: Germany has approximately 1.9 million vacant apartments, accounting for 4.3% of all housing units. Despite widespread housing challenges, over half of these units have been vacant for more than a year, suggesting maintenance issues. Major cities like Hamburg and Berlin show higher vacancy rates, reflecting faster turnover. Owners' intentions vary, with 24% planning renovations and 7% considering selling. Addressing this paradox will require strategies to encourage renovations, streamline construction, and balance housing supply to meet growing demand effectively.
Germany is facing a complex housing situation. While many residents struggle to find apartments, new data from the 2022 census reveals a surprising number of vacant units across the country.
According to the census, nearly 1.9 million apartments in Germany were unoccupied in May 2022. This translates to roughly 4.3% of all housing units, or nearly one in every 23 apartments, sitting empty. This data highlights a stark contrast to the struggles many Germans face in securing suitable housing.
The reasons behind these empty apartments vary. Over half, around 55%, have been vacant for more than a year. In contrast, only 38% were ready for immediate occupancy in the last three months. This suggests potential issues with these units, such as needing repairs or renovations that could take time to complete.
Interestingly, the data shows a difference between major cities and other areas. Cities like Hamburg, Bremen, and Berlin have a higher percentage of vacant apartments readily available for rent, ranging from 52% to 61%. This might be due to a faster rental turnover in these urban centers, with people moving more frequently for jobs or other reasons.
The data also sheds light on the owners' plans for these vacant apartments. Around a quarter (24%) plan renovations or construction work, while demolition is less common. Interestingly, 7% of owners are considering selling the property altogether. Nearly a fifth (19%) listed other reasons for keeping the apartment empty, which could include inheritance issues, seasonal rentals, or holding the property for future investment.
This data reveals a complex situation in Germany's housing market. Finding solutions will require addressing the reasons behind these vacancies, alongside efforts to increase overall housing supply. Encouraging repairs and renovations of vacant units, while also streamlining the construction of new apartments, could help alleviate the housing shortage in some areas.
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