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Rising Housing Costs Put Pressure on Most German Renters
🇩🇪 Germany /Economy & Trade

Rising Housing Costs Put Pressure on Most German Renters

From Die Zeit · () German

Translated from German and summarized by DistantNews. Read the original for the full story.

At a glance

News Named sources Ongoing story
  • Fifty-eight percent of renters surveyed by the German Tenants’ Association said their housing costs increased during the previous year.
  • Nearly half said they were cutting spending on leisure and holidays, while similar numbers were spending less on clothing, furniture or household appliances.
  • The association warned that rising rents were increasing poverty risks and placing greater pressure on the welfare state.

For many German renters, higher housing costs are no longer confined to the monthly budget. They are affecting holidays, leisure and basic household purchases.

In a survey by the German Tenants’ Association, 58 percent of respondents said their housing costs had risen over the previous year. Almost half said they were more often giving up leisure activities and holidays as a result.

A similar share reported saving on clothing, furniture or household appliances. The association said the housing crisis was reaching more deeply into people’s everyday lives.

Melanie Weber-Moritz, president of the German Tenants’ Association, said housing was becoming a poverty risk for more people. She also warned that the state was increasingly having to absorb the consequences of problems in the housing market, turning the crisis into a burden for the welfare system.

Housing is becoming a poverty risk for more and more people.

— Melanie Weber-MoritzThe president of the German Tenants’ Association described the social impact of rising housing costs.
About this summary

Originally published by Die Zeit in German. Translated, summarized, and contextualized automatically by DistantNews, with a note on how the source frames the story. Not individually reviewed before publishing. How this works.

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